December, 2023

• 20 December

  UAE leaders congratulate Emir of Kuwait on assuming power

  

  ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to His Highness Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, Emir of the State of Kuwait, on the occasion of assuming power in the State of Kuwait. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai and ...

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• 20 December

  ADIB, Aldar Properties close AED 1 billion sustainability linked financing deal

  

  ABU DHABI/ WAM Abu Dhabi Islamic Bank (ADIB) has arranged an AED 1 billion sustainable bilateral facility for Aldar Properties PJSC (Aldar). The financing takes Aldar’s total ESG financing facilities to AED 4.8 billion as the company transitions towards sustainable financing for its projects and investments. The transaction underscores both entities’ commitment to supporting environmentally beneficial projects aligned with the ...

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• 20 December

  Ministry of Culture honours winners of 17th edition of Al Burda Award in presence of Abdullah bin Zayed

  

  ABU DHABI/ WAM In the presence of H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, Sheikh Salem bin Khalid Al Qassimi, Minister of Culture, on Tuesday, honoured 24 winners of the 17th edition of Al Burda Award. The award ceremony, held at Louvre Abu Dhabi, celebrated Islamic arts highlighting the exceptional talents that have enriched the legacy ...

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• 20 December

  Apple pause on holiday watch sales shows legal bind it faces

  BLOOMBERG Apple Inc’s plan to halt online sales of its smartwatch before Christmas to comply with a regulator’s order shows that it’s in a legal jam. The company has known for almost two months that a ban imposed by the International Trade Commission (ITC) would take effect from December 25 unless it persuaded the Biden administration to intervene — or ...

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• 20 December

  Japanese bond yield, stocks rally as traders trim rate-hike bets

  

  BLOOMBERG Japan’s benchmark government bond yield fell to the lowest since late July and the Nikkei 225 stock gauge rose to within a whisker of a 33-year high as traders trimmed bets for an interest rate hike in the next few months. The rally in sovereign debt sent the 10-year yield tumbling as much as 8.5 basis points to 0.55%, ...

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• 20 December

  European bonds decline on rate-cut bets; stocks waver

  

  BLOOMBERG Bond yields across the euro region fell on Wednesday as worsening economic data and slowing inflation underscored expectations for interest-rate cuts next year. Germany’s 10-year yield dropped below 2% for the first time in nine months after a report showed producer prices fell more than expected in November. The Stoxx Europe 600 index reversed an early gain to trade ...

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• 19 December

  UAE President issues Federal Decree-Law establishing UAE Accountability Authority

  

  ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued Federal Decree-Law No. (56) of 2023 on establishing the UAE Accountability Authority. The new Authority will replace the Supreme Audit Institution, and will report directly to His Highness the President. Aiming at maintaining and enhancing the integrity of public finances, the new Authority will be the ...

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• 19 December

  BEEAH announces commitment to achieving net-zero emissions by 2040

  

  SHARJAH/ WAM BEEAH has announced its commitment to achieving net-zero emissions by 2040 within its operations by methodically building on its initiatives and projects that are already working towards this target, and in line with the COP28 consensus, the UAE’s Net Zero by 2050 Strategic Initiative and the global 1.5°C ambition. With the conclusion of COP28, the UAE officially became ...

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• 19 December

  UAE welcomes sixth group of wounded Palestinian children, cancer patients

  

  ABU DHABI/ WAM The sixth group of wounded Palestinian children and cancer patients arrived in the UAE today in implementation of the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, to provide medical treatment for 1,000 injured children, and 1,000 cancer patients from the Gaza Strip, in the UAE’s hospitals. Departing from Al Arish International Airport in ...

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• 19 December

  UAE, Austria hold joint economic committee meeting to strengthen cooperation

  

  ABU DHABI/ WAM Abdulla bin Touq Al Marri, Minister of Economy, and Martin Kocher, Austrian Minister of Economy and Labour, chaired the UAE-Austria Joint Economic Committee, which was attended by several representatives from both countries’ government and private sectors. Abdullah Al Saleh, Undersecretary of the Ministry of Economy, and Florian Frauscher, Director General of Economic Affairs, Innovation, and International Policy ...

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