June, 2024

• 26 June

  ECB official sees bets for two more cuts as reasonable

  

  HELSINKI / WAM Investor expectations for the European Central Bank (ECB) to loosen monetary policy twice more this year — and bring borrowing costs to as low as 2.25 percent in 2025 — are fair, according to Governing Council member Olli Rehn. In some of the most explicit remarks from an ECB policymaker on the path for interest rates, the ...

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• 26 June

  Asian shares wobble as investors wary before US inflation data

  

  SINGAPORE / WAM Asian stocks stuttered in choppy trade on Wednesday as markets braced for a key US inflation reading, Reuters reported. Meanwhile, the yen lurked just shy of 160 per dollar level, keeping traders on alert for another round of intervention by Japanese authorities. Risk sentiment was also capped as hawkish comments from Federal Reserve officials kept near-term US ...

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• 26 June

  CBUAE issues Sandbox Conditions Regulation to foster innovation in financial services sector

  

  ABU DHABI/WAM  The Central Bank of the UAE (CBUAE) has issued the Sandbox Conditions Regulation, which aims to attract start-ups and global fintech businesses and create an attractive environment for the financial sector that supports creativity and innovation within a regulatory and supervisory framework. It will also consolidate the financial sector’s competitiveness and support the UAE’s economic growth. The Regulation ...

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• 26 June

  UAE leaders send condolences to russian President victims of terrorist attacks in Dagestan

  

  ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolences to President Vladimir Putin of the Russian Federation on the victims of the terrorist attacks in Dagestan, wishing the injured a speedy recovery. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness ...

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• 26 June

  UAE President, Vice Presidents congratulate Emir of Qatar on accession anniversary

  

  ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan sent a cable of congratulations to His Highness Sheikh Tamim bin Hamad Al Thani, Emir of Qatar, on the 10th anniversary of his assumption of the reins of power. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness ...

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• 25 June

  UAE mediation efforts succeed with exchange of 180 captives between Russia and Ukraine

  

  ABU DHABI/WAM The Ministry of Foreign Affairs has announced the success of mediation efforts by the UAE regarding the exchange of war captives between the Russian Federation and the Republic of Ukraine to release 180 captives. The Ministry emphasised that the success of the new mediation, which is the fifth since the beginning of this year, is the outcome of ...

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• 25 June

  UAE leaders congratulate President of Slovenia on National Day

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Nataša Pirc Musar of Slovenia on the occasion of her country’s National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour ...

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• 25 June

  UAE leaders congratulate President of Mozambique on Independence Day

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Filipe Jacinto Nyusi of Mozambique on the occasion of his country’s  Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour ...

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• 25 June

  Expo 2025 – Osaka pavilion cost may increase by $48.3m

  

  OSAKA / WAM The organiser of the 2025 World Expo in Osaka estimates the construction of prefabricated pavilions for the event could cost an extra 7.7 billion yen ($48.3 million) as it prepares for some countries to possibly change the construction plans of their pavilions, Japanese news agency Kyodo News reported on Tuesday. The Japan Association for the 2025 World ...

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• 25 June

  Asian shares mostly higher, yen hits record low versus euro

  

  SYDNEY / WAM Asian shares were mostly higher on Tuesday after recent losses, Reuters reported. Meanwhile, the battered yen hit a record low versus the euro, although the risk of intervention stemmed further weakness against the US dollar. With the first US presidential debate on Thursday and the first round of voting in the French election at the weekend, investors ...

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