April, 2023

• 28 April

  Intel sees ‘green shoots’ of recovery

  

  BLOOMBERG  Intel Corp shares jumped after the embattled chipmaker promised a recovery in the second half, leading investors to look past a disappointing profit-margin forecast in the current quarter. The company predicted that gross margins — a closely watched measure — would begin to widen again in the back half of 2023. Intel is returning to full manufacturing capacity, and …

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• 28 April

  US futures drop as inflation data cements Fed increase

  

  BLOOMBERG US equity futures retreated as a rally in tech stocks lost steam and persistent inflationary pressures cemented expectations for higher rates in the US and Europe. Treasuries advanced. Contracts on the S&P 500 and the Nasdaq 100 slipped as Amazon.com Inc’s warning after the market close on growth in its key cloud computing business soured the mood. Treasuries recouped …

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• 28 April

  Apple, Microsoft hold record sway over S&P 500

  

  BLOOMBERG Apple Inc and Microsoft Corp have never held more sway over the S&P 500 Index, leaving some investors on edge over the gauge’s increasingly top-heavy nature. The world’s two most-valuable companies saw their combined weightings in the benchmark jump to a record 14% after strong earnings reports from Microsoft and others fuelled a rally in technology stocks. When you …

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• 28 April

  Mena’s 1st electric jet manufacturing plant to launch in Abu Dhabi

  

  ABU DHABI / WAM Abu Dhabi-based manufacturer Monarch Holding and Chinese company EHang Holdings, a leading autonomous aerial vehicle (AAV) technology platform company, have signed a partnership agreement to establish the first facility in the Middle East and North Africa to manufacture and operate sustainable, electric-powered aircraft and drones for passengers and cargo transportation in Abu Dhabi. The announcement aligns …

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• 28 April

  Abu Dhabi’s Borouge reports $1.38b revenue in Q1 2023

  

  ABU DHABI / WAM Borouge announced its financial results for the three-month period ending on March 31, with revenues of $1.38 billion and adjusted EBITDA of $460 million. The company’s value enhancement programme has already delivered a significant impact of more than $100 million in efficiencies and revenue optimisation. Hazeem Sultan Al Suwaidi, Chief Executive Officer of Borouge, commented, “We …

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• 28 April

  President of UAE sends written letter, COP28 invite to Senegalese counterpart

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a letter to Macky Sall, President of the Republic of Senegal, which included an official invitation to COP28, which will be held in Dubai Expo City this November. The message was delivered by Sultan Ali Al Harbi, UAE ambassador to the Republic of Senegal, …

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• 28 April

  UAE ambassador presents credentials to President of Samoa

  

  APIA / SAMOA/ WAM Abdullah Ali Ateeq Al Sabousi, UAE ambassador to Australia, presented his credentials as Non-Resident ambassador to Samoa to Afioga Tuimalealiifano Vaaletoa Sualauvi II, President of the Independent State of Samoa, during an official reception ceremony at the Presidential House in the capital, Apia. During the meeting, Al Sabousi conveyed to the President of Samoa the greetings …

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• 28 April

  Khalifa bin Tahnoun receives New Zealand’s defence minister at Wahat Al Karama

  

  ABU DHABI / WAM Sheikh Khalifa bin Tahnoun Al Nahyan, Executive Director of the Martyrs’ Families’ Affairs Office, on Thursday received at Wahat Al Karama, New Zealand’s Minister of Defence Andrew Little, who is currently on an official visit to the UAE. Upon his arrival, Sheikh Khalifa bin Tahnoun and Andrew attended the Guard of Honour ceremony, before laying a wreath at Martyrs’ …

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• 27 April

  Adnoc L&S expands global operations in Philippines

  

  ABU DHABI / WAM Adnoc Logistics & Services (Adnoc L&S), the shipping and maritime logistics arm of Adnoc, announced on Thursday the successful berthing of LNG carrier, Ish, at the AG&P Philippines LNG (PHLNG) Import Terminal in Batangas Bay, as it continues expanding its operations globally. Following her arrival, Ish will be commissioned as a Floating Storage Unit (FSU) at …

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• 27 April

  Abu Dhabi International Airport welcomes first SF Express flight

  

  ABU DHABI / WAM Abu Dhabi Airports, the owner and operator of five airports in the emirate of Abu Dhabi, welcomed the first SF Express cargo plane to Abu Dhabi International Airport. The inaugural flight signalled the launch of operations for the global freight leader for the first time in the region. This strategic partnership is in collaboration with Etihad …

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