July, 2022

• 20 July

  Indian rupee drops to another record low

    Bloomberg The Indian rupee touched another record low as foreign investors continued to sell the nation’s equities. The rupee declined to as low as 80.06 per dollar on Tuesday before reversing losses as traders cited possible central bank intervention. The currency has been buffeted by nearly $30 billion of foreign outflows from the nation’s equities so far this year ...

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• 19 July

  UAE, France non-oil trade hits AED256.1 billion in 10 years

  

    Abu Dhabi / WAM The ongoing growth in trade between the UAE and France underscores their strong economic partnership and deep-rooted relations, supported by their leadership. The visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to France also confirms the strength of the comprehensive strategic partnership between the two friendly countries. From 2012 to 2021, the ...

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• 19 July

  Dubai’s Golden Visa holders to get ‘Esaad’ privilege card

    Dubai / WAM In line with the vision of Dubai’s leadership to make Dubai the global city with the best quality of life and further enhance its appeal as the world’s best city to visit, live, work, invest in, and study, Golden Visa holders in Dubai will be gifted the coveted Esaad privilege card. The card is issued by ...

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• 19 July

  Union Coop begins first day of trading on DFM

  

    Dubai / WAM Dubai Financial Market (DFM) on Monday welcomed the listing of Union Coop’s shares, becoming the first cooperative society in the UAE to take this pioneering step, in line with the government’s decision pertaining to the trading of cooperative societies’ shares on financial markets, which aims to strengthen the regulatory environment for the cooperatives’ sector and reinforce ...

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• 19 July

  Enec marks 10 years since start of construction of Unit 1 of Barakah

  

    Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) and its subsidiaries celebrated the 10th anniversary of the construction of the first peaceful nuclear power plant in the Al Dhafra region of Abu Dhabi, which made the UAE the first in the Arab world to use nuclear energy technology to produce environmentally friendly electric power. The UAE has ...

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• 19 July

  Dewa commissions 11 substations in H1 of ’22

  

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) commissioned a new 400/132 kV substation in Al Qusais Industrial Area 5, and ten 132/11 kV substations in different areas in Dubai, during the first half of 2022. This is part of Dewa’s efforts to provide an advanced infrastructure that keeps pace with the increasing demand for energy in Dubai. The ...

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• 19 July

  Lord Abbett sets up base at Dubai’s DIFC

    Dubai / WAM Dubai International Financial Centre (DIFC) on Monday announced that Lord Abbett (Middle East) Limited, a leading asset manager, has received approval from the Dubai Financial Services Authority (DFSA) to operate its first and only Middle East office. The approval will enable the company to bring its investment and client-led proposition to the Middle East investment community. ...

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• 19 July

  UAE, France keen to bolster strategic relations

  

  Paris / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with French Republic President Emmanuel Macron for a private lunch at the Elysée Palace on Monday. The two Heads of State discussed opportunities for collaborating and expanding their longstanding partnership alongside overall developments and approaches to topics of regional and global concern. His Highness also congratulated President ...

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• 19 July

  UAE, France bound by strategic relations

  

    Abu Dhabi / WAM The UAE and France are bound by longstanding strategic relations as they derive their strength from the support, follow-up and directives of the leadership of the two countries represented by President His Highness Sheikh Mohamed bin Zayed Al Nahyan and President Emmanuel Macron of the French Republic. During the past years, the distinguished relations between ...

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• 19 July

  UAE President accorded official reception in Paris

    Paris / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has been welcomed at a formal reception ceremony in Paris to mark the official start of his inaugural state visit to France. His Highness was received at the Army Museum in Les Invalides by Armed Forces Minister Sébastien Lecornu, accompanied by members of the French Republican Guard. ...

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