May, 2024

• 29 May

  Malabar Group scales up its ‘Hunger-Free World’ programme

  

  MUMBAI/ GULF TIME ‘Hunger-Free World’, the ongoing social welfare program by Malabar Group to provide nutritious daily meals to the needy, will be expanded to cover more people and cities. At present, as many as 31,000 food packets are distributed under the ambitious program, initiated to support the United Nations’ Sustainable Development Goal 2 – Zero Hunger. As part of ...

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• 29 May

  KFED launches SWAN programme to empower female Emirati-led home businesses

  

  ABU DHABI / AD MEDIA OFFICE Khalifa Fund for Enterprise Development (KFED) has launched the SWAN programme, an Emirati women empowerment initiative designed to empower ambitious UAE National women entrepreneurs who successfully run home-based businesses in Abu Dhabi. With a strong emphasis on mental wellbeing, mindfulness, and leadership skills development, SWAN aims to help them harness their strengths and gain ...

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• 29 May

  Edge secures over AED60b in supply contracts since launch

  

  ABU DHABI / WAM Edge, one of the world’s leading advanced technology and defence groups, continues to be the UAE’s leading champion and catalyst for defence industry growth. With awarded contracts worth over AED60 billion since its launch in 2019, Edge continues to capture growing global market share in key defence domains through the establishment of a high-technology industrial base ...

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• 29 May

  Khaled bin Mohamed bin Zayed attends Khalifa University graduation ceremony

  

  ABU DHABI / AD MEDIA OFFICE His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has attended the Khalifa University graduation ceremony, celebrating 826 students receiving their bachelor’s, master’s, and PhD degrees. His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan congratulated the graduates, their ...

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• 29 May

  UAESA, EDCC partner to boost aerospace, defence industry ties

  

  ABU DHABI / WAM The UAE Space Agency (UAESA) and the Emirates Defence Companies Council (EDCC) signed a Memorandum of Understanding (MoU) to collaborate on identifying and fostering business opportunities within the aerospace and defense sectors. The MoU was signed on the margins of the ‘Make it in the Emirates’ Forum, currently underway in Abu Dhabi. It was signed by ...

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• 29 May

  Lunate Capital’s Chimera S&P Japan UCITS ETF listed at ADX

  

  ABU DHABI/ WAM Abu Dhabi Securities Exchange (ADX) welcomed the listing of the Chimera S&P Japan UCITS ETF. This marks the first ETF tracking Japanese equities to be launched on ADX. Managed by Abu Dhabi-based investment management firm Lunate Capital LTD, the ETF replicates the performance of the S&P Japan BMI Liquid 35/20 Capped Index. The ETF tracks the 30 ...

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• 29 May

  Bond yields climb, stocks under pressure after Fed cut doubts

  

  TOKYO / WAM US Treasury yields pushed to a near four-week peak on Wednesday, lifting their Asia-Pacific counterparts and the dollar while pressuring equities, as data sowed new doubts about the timing and extent of Federal Reserve rate cuts, Reuters reported. Crude oil rose for a fourth day to reach a four-week high. Benchmark US 10-year yields ticked up as ...

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• 29 May

  Liwa board in Al Dhafra sets Guinness World Record

  

  ABU DHABI / AD MEDIA OFFICE Abu Dhabi’s Al Dhafra Region Municipality has achieved a place in the Guinness World Records with the tallest landmark sign for the Liwa board. The landmark is officially recognised as the world’s largest sign with a height of 221 metres and a weight of 49 tonnes. Situated 197 metres above sea level on a ...

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• 29 May

  Abu Dhabi’s Eshraq unveils new investment strategy

  

  ABU DHABI / WAM Eshraq Investments announced the launch of its refreshed corporate strategy. Over five years, with acquisitions expected to be executed as early as 2024, Eshraq will build direct private equity capabilities and exposure, while transitioning legacy portfolio assets. Under the refreshed strategy, Eshraq intends to control its destiny by focusing on directly held private equity investments, complemented ...

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• 29 May

  MoHAP urges Hajj pilgrims to get flu vaccination, follow all health guidelines

  

  DUBAI / WAM The Ministry of Health and Prevention (MoHAP) has called on all pilgrims heading to Saudi Arabia for Hajj to take the flu jab and receive all necessary vaccinations. MoHAP advised to take all required basic doses at least 15 days before travelling to ensure the vaccine’s effectiveness and provide sufficient immunity for prevention. Pilgrims are also urged ...

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