March, 2023

• 23 March

  UAE central bank digital currency plan unveiled

  

  ABU DHABI / WAM The central bank of UAE (CBUAE) jointly held a signing ceremony with G42 Cloud and R3 to mark the implementation of the CBUAE Central Bank Digital Currency (CBDC) Strategy, one of the nine initiatives of the CBUAE’s Financial Infrastructure Transformation (FIT) Programme. The CBUAE has engaged with G42 Cloud and R3 as the infrastructure and technology …

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• 23 March

  ERC distributes Ramadan aid to quake-affected people in Syria

  

  LATAKIA / WAM The Emirates Red Crescent (ERC) is continuing its distribution of humanitarian aid during the Holy Month of Ramadan as part of Operation “The Gallant Knight 2” for those affected by the earthquake occurred last month in Syria. This has been the most important humanitarian initiative by the UAE’s wise leadership for the Syrian people. ERC teams began …

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• 23 March

  dnata expands long-standing partnership with American

  DUBAI / GULF TIME Dubai-based dnata, a leading global air and travel services provider, expanded its long-standing partnership with American Airlines to support the carrier’s growing business in India. The Texas-based airline currently operates daily flights between New York and Delhi, as well as offering domestic services through its partnership with IndiGo, with plans for further expansion. dnata Representation Services …

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• 23 March

  Suqia UAE committed to improving lives of millions worldwide

  

  DUBAI / WAM Saeed Mohammed Al Tayer, Chairman of the Board of Trustees of the UAE Water Foundation (Suqia UAE), affirmed Suqia’s commitment to continue making a positive change in the lives of millions around the world by providing clean water and turn their dream of access to clean and safe water into a reality. His announcements came on World …

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• 23 March

  AUS top in UAE for several subjects in new QS rankings

  

  SHARJAH / WAM American University of Sharjah (AUS) has been ranked as the top university in the UAE in architecture/built environments, art and design, civil and structural engineering (tied), accounting and finance, and business and management studies, according to the QS World University Rankings by Subject 2023. It has also been ranked as the top university in the UAE in …

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• 23 March

  Arada relaunches ‘Home for a Home’ Ramadan campaign

  

  SHARJAH / WAM Arada relaunched its landmark ‘Home for a Home’ Ramadan campaign to provide further housing for the vulnerable refugee population at the Kakuma camp in the Kalobeyei settlement in northern Kenya. The social responsibility initiative will build a family home at the camp for each home that is sold during Ramadan at Masaar — Arada’s woodland community in …

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• 23 March

  Indian PM’s green goal at risk as  renewables hit by headwinds

  

  BLOOMBERG It took less than two weeks for TotalEnergies SE to put a massive green hydrogen project with Adani Group on hold after the Indian conglomerate was rocked by allegations of fraud. The deal — part of a plan in which billionaire Gautam Adani’s clean energy business would have invested $50 billion over the next decade in the emissions-free fuel …

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• 23 March

  New solar boom in Asia pressures US factories

  

  BLOOMBERG An expected boom in Asia’s solar manufacturing capacity will drive down panel prices and make imports more competitive, even as President Joe Biden’s landmark climate law entices suppliers to build more US factories. While the law provides generous subsidies for domestic solar producers, Pol Lezcano, a BNEF analyst, is skeptical that factories under development now will be able to …

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• 23 March

  China’s post-Covid reopening to roil energy prices

  

  BLOOMBERG China’s reopening after three years of Covid Zero is the main source of optimism for commodities markets wracked by a string of bank failures and slowing global growth. Wood Mackenzie Ltd has run the numbers on what it could mean for prices, under a base case scenario where the economy expands at 5.5% this year, and a more bullish …

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• 23 March

  Boeing secures $1bn Japan Air order for 737 Max jets

  

  BLOOMBERG Boeing Co secured a win in Japan with an order from the nation’s flag carrier for 21 of its 737 Max aircraft, getting in ahead of rival Airbus SE, which was initially seen as the frontrunner. The single-aisle jets will be delivered to Japan Airlines Co and flying from 2026, the carrier and Boeing said in a joint statement. …

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