May, 2024

• 27 May

  Dollar firm ahead of global inflation data

  

  SINGAPORE / WAM The dollar made a steady start to the week on Monday, as investors were focused on US, European and Japanese inflation data to guide the global interest rate outlook, Reuters reported. Foreign exchange trade has been dominated by the hunt for “carry” in recent months, punishing low-rate currencies and supporting the dollar while US data has blown ...

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• 27 May

  Asia shares nudge higher after US, EU inflation data loom

  

  SYDNEY /WAM Asian shares firmed on Monday as investors braced for a busy run of inflation data that could set the scene for a European rate cut as soon as next week and a US policy easing within just a few months, Reuters reported. Holidays in Britain and the United States made for thin trading ahead of Friday’s figures on ...

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• 26 May

  Arab Media Summit 2024 begins in Dubai

  

  DUBAI / WAM Under the patronage and in the presence of HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Chairman of the Dubai Media Council, the Arab Media Summit 2024 will begin on Monday at the Dubai World Trade Centre. Organised by the Dubai Press Club from May 27-29, the summit will commence ...

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• 26 May

  SCCI, Hong Kong to boost ties in int’l commercial arbitration

  

  SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) and a high-level judicial delegation from the Hong Kong Special Administrative Region, explored avenues for enhancing cooperation in the field of commercial and investment laws. Both sides also discussed establishing a strategic partnership that will not only enhance the investment climate but also spur the development of bilateral trade ...

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• 26 May

  UAE Floating Hospital in Al Arish expands services, specialties

  

  AL ARISH / WAM The UAE Floating Hospital in the Egyptian city of Al Arish, established under Operation Chivalrous Knight 3, has announced the addition of new specialised medical staff, including neurosurgeons and maxillofacial and dental specialists. This initiative aims to provide top-tier healthcare services to the Palestinian people in Gaza. Dr Ahmed Mubarak, Director of the Hospital, affirmed that ...

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• 26 May

  UAE’s digital trade to see 12.3% growth between 2023-2028

  

  ABU DHABI / WAM The Ministry of Economy and the Abu Dhabi Chamber of Commerce and Industry (ADCCI) have issued a new joint paper revealing that trends project the growth and prosperity of digital trade activities in the UAE at a compound annual growth rate of 12.3 percent between 2023 and 2028. The research showed that more than 40 percent ...

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• 26 May

  Under directives of UAE President, 65,000 books from Abu Dhabi International Book Fair distributed across schools

  

  ABU DHABI / WAM Under the directives of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, 65,000 books from the 33rd Abu Dhabi International Book Fair have been distributed to libraries at 220 schools across the UAE. Facilitated by a financial grant, the initiative aims to support school libraries in fostering a culture of reading among students. The ...

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• 26 May

  China’s completed clean energy investments reach $16.5 billion in first quarter of 2024

  

  BEIJING / WAM China’s power enterprises have accelerated the pace of green investment this year, with the completed investments in clean energy projects up by 6.64 percent year-on-year to reach CN¥117.3 billion ($16.5 billion) in the first quarter, according to the China Electricity Council. According to China Central Television (CCTV), during the first quarter, the magnitude of clean energy projects ...

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• 26 May

  Danube Properties hands over project Pearlz six months ahead of schedule

  

  DUBAI/ GULF TIME Danube Properties, the fastest-growing private real estate developer in the UAE, achieved a remarkable feat by delivering their project, Pearlz, six months ahead of schedule, which was launched in 2022. It has a built-up area of  480,179 sq. ft. and has 300 modern units—studios, one-, two-, and three-bedroom apartments—and retail outlets. His Excellency Eng. Marwan bin Ghalita, ...

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• 26 May

  Tabreed reveals UAE nature mural at Al Maryah plant

  

  ABU DHABI / AD MEDIA OFFICE Tabreed has transformed its plant on Al Maryah Island into a 3D mural featuring Arabian oryx and Arabian sand gazelle to reflect the beauty of nature in the UAE. Tabreed’s Al Maryah Island plant supplies an roster of clients, such as Cleveland Clinic, Rosewood Abu Dhabi, Four Seasons, Galleria Mall and Abu Dhabi Global ...

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