November, 2023

• 27 November

  UAE welcomes third group of wounded Palestinian children, cancer patients

  

  ABU DHABI/ WAM The third 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 the ...

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• 27 November

  Sharjah Museums Authority celebrates UAE’s 52nd Union Day

  

  SHARJAH/ WAM Sharjah Museums Authority (SMA) is celebrating the UAE’s 52nd Union Day with free entry to all its museums and with an array of cultural events and activities from 27th November to 2nd December, 2023. Marking this occasion, the SMA is offering free entry to all its museums from 16:00 to 20:00 on 1st December and from 8:00 to ...

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• 27 November

  Etihad airways, Air France-KLM announce frequent flyer partnership

  

  ABU DHABI/ WAM Etihad Airways, the national airline of the United Arab Emirates, and Air France-KLM Group, today announced a new partnership between their respective loyalty programmes following the Memorandum of Understanding (MoU) signed between the two airline Groups in September 2023. As part of this new partnership, members of Flying Blue, Air France and KLM’s loyalty programme, and members ...

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• 27 November

  Khaled bin Mohamed bin Zayed inaugurates ADFW 2023

  

  ABU DHABI/ WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has inaugurated the second edition of Abu Dhabi Finance Week (ADFW 2023), taking place from 27th to 30th November, under the theme ‘Investing in the Transition Era’. The event is held under H.H. Sheikh Khaled’s patronage, ...

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• 27 November

  Financial sector expected to grow 13% in 2023: ADDED Chairman

  

  ABU DHABI/ WAM The financial sector, a cornerstone of the UAE economic diversification drive, has surged by a remarkable 30 percent in the second quarter of this year and is expected to continue its upward trajectory with an annual growth of 13 percent in 2023, according to a senior economic official. “As we reflect on our economic journey, it is ...

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• 27 November

  UAE President issues Resolution No. 11 of 2023 on internal regulations of Federal National Council

  

  ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued Resolution No. 11 of 2023, regarding the Internal Regulations of the Federal National Council (FNC), which included a number of amendments related to the powers of the Council’s bodies, with the aim of enabling the Council to exercise its legislative, oversight, and parliamentary diplomacy powers in ...

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• 27 November

  Nissan Motor pledges $2.5bn to expand UK electric-vehicle hub

  

  BLOOMBERG Nissan Motor Co will significantly ramp up electric-vehicle production in the UK with a £2 billion ($2.5 billion) investment at its Sunderland site in a boon to the country’s car industry. The Japanese carmaker will set up another battery factory and produce electric versions of the popular Qashqai and Juke models at Britain’s largest carmaking hub, it said. Nissan ...

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• 27 November

  Sonos readies $400-plus headphones to rival Apple and Bose, TV set-top box

  

  BLOOMBERG Sonos Inc, best known for its smart speakers and sound bars, will make a long-awaited push into headphones with a model priced upwards of $400 that’s slated to be released as early as April, according to people familiar with the matter. The company is also aiming to introduce a TV set-top box, which would compete with products from Apple ...

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• 27 November

  Stocks edge lower on China data; gold hits above $2,000

  

  BLOOMBERG Stocks fell and gold climbed to a six-month high as data showed a sharp slowdown in China’s industrial profits, which reinforced investor concerns about its sluggish economy. The Stoxx 600 index fell 0.3% and Nasdaq futures retreated 0.2%. Treasury 10-year yields climbed as much as five basis points to 4.51%, the highest in more than a week. Gold climbed ...

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• 27 November

  South Korea is probing sales of exotic notes linked to Chinese stocks

  

  BLOOMBERG A South Korean regulator is investigating whether financial institutions that sold derivatives products linked to Chinese stocks adequately explained the risk of losses to retail investors. The Financial Supervisory Service is probing sales of equity-linked securities tied to the Hang Seng China Enterprises Index, the regulator said in a text message. Some 8.41 trillion won ($6.5 billion) of such ...

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