March, 2023

• 24 March

  UAE’s support for Syria testifies to deep-rooted relations between two countries: Latakia Governor

  

  LATAKIA / WAM Eng Amer Ismail Hilal, Governor of Latakia, lauded the UAE’s significant efforts to rescue those affected by the earthquake that hit several cities in Syria, including Latakia. The UAE has supported the Syrian people since the quake first struck the country, Hilal said in a statement to the Emirates News Agency (WAM), noting that the support of ...

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• 24 March

  Abu Dhabi’s ADX appoints Emirates NBD Capital as its new custodian

  

  ABU DHABI / GULF TIME Abu Dhabi Securities Exchange (ADX) continues to expand its custodial services offering by the new appointment of Emirates NBD Capital as a custodian. Emirates NBD Capital obtained its custody license from the UAE Securities and Commodities Authority (SCA). Emirates NBD Capital is the global investment banking arm of Emirates NBD, a leading banking group in ...

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• 24 March

  Crude pares its weekly advance as dollar rises

  

  BLOOMBERG  Oil pared its weekly advance, with prices erasing early gains as renewed concerns over financial sector stability buoyed the dollar, making commodities priced in the US currency less attractive. West Texas Intermediate slumped below $70 a barrel after the dollar’s jump on a broader decline in risk appetite. The US crude benchmark has advanced by less than $3 a ...

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• 24 March

  UAE’s Al Ansari increases IPO size to 7.5% for retail investors

  

  ABU DHABI / WAM Al Ansari Financial Services on Friday announced that following the approval from the Securities and Exchange Authority (SCA), Al Ansari Holding LLC (selling shareholder) has exercised its right to increase the number of shares offering in the UAE retail offer of the group’s initial public offering to 56,250,000 ordinary shares from 37,500,000 ordinary shares. In a ...

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• 24 March

  11 nations issue statement on affirming commitment to ease suffering in Syria

  

  NEW YORK / WAM The governments of eleven countries, namely the UAE, the United States (US), Egypt, France, Germany, Jordan, Norway, Qatar, Saudi Arabia, Türkiye, and the United Kingdom (UK), along with the European Union (EU), and the League of Arab States, have issued a joint statement expressing their steadfast commitment to alleviate the suffering of people who were affected ...

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• 24 March

  Rahul Gandhi disqualified as India MP after court verdict

  

  BLOOMBERG India’s parliament secretariat removed Rahul Gandhi as a lawmaker after a local court convicted him of defaming Prime Minister Narendra Modi, a huge blow to the opposition ahead of national elections next year. The disqualification makes Gandhi, a scion of the Nehru-Gandhi political dynasty, less viable as a leader of any opposition coalition before elections that may be held ...

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• 24 March

  Putin arrest warrant prompts South Africa to seek legal advice

  

  BLOOMBERG South Africa’s government is taking legal advice on how to handle an International Criminal Court (ICC) arrest warrant for President Vladimir Putin in the event the Russian leader attends a Brics summit in August. The ICC issued the warrant against Putin for war crimes related to the alleged abduction of children from Ukraine. South Africa is a signatory to ...

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• 24 March

  China urges Europe to support its blueprint for talks on Ukraine

  

  BLOOMBERG China’s top diplomat Wang Yi urged Europe to play a role in supporting peace talks for Russia’s war in Ukraine, though the US has warned Beijing’s proposals would effectively freeze the Kremlin’s territorial gains. “China looks forward to France and other European countries to also play their due role,” Wang told Emmanuel Bonne, a diplomatic advisor to the French ...

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• 24 March

  Kim Jong-un warns of ‘radioactive tsunami’

  

  Bloomberg North Korean leader Kim Jong-un oversaw tests of weapons designed to deliver nuclear strikes against the US and its allies, including one his regime billed as a new underwater drone that can create a “radioactive tsunami.” The tests also included cruise missiles that were affixed with mock nuclear warheads, the official Korean Central News Agency (KCNA) reported on Friday. The ...

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• 24 March

  UK, EU to adopt new Brexit deal for Northern Ireland

  

  BLOOMBERG The UK and European Union (EU) will sign off on their new Brexit deal for Northern Ireland, despite ongoing opposition to the agreement from some unionists in the region. UK Foreign Secretary James Cleverly and EU Commission Vice-President Maros Sefcovic will meet in London to adopt the so-called Windsor Framework, after which new trading arrangements can be implemented, the Foreign ...

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