December, 2023

• 25 December

  AED7 billion net institutional investment in UAE stocks during 2023

  

  ABU DHABI/ WAM Institutional investors have notably boosted their acquisition of domestic stocks in 2023, enticed by the diverse investment prospects and the opportunity to engage in the strong expansion of the country’s economy. Furthermore, prominent global and regional institutions consider local listed companies highly attractive for their investment strategies. Data from the Abu Dhabi and Dubai markets reveals that ...

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• 25 December

  UAE stocks generate over AED1 bn cash flows Monday

  

  ABU DHABI/ WAM UAE stocks generated strong cash flows Monday, with market liquidity surpassing AED1 billion. International Holding Company (IHC) and Dubai Electricity and Water Authority (DEWA) topped the market in terms of number of transactions. The Abu Dhabi Securities Exchange (ADX) gained AED 885.8 million in liquidity, as compared to the AED 115.2 million gained by the Dubai Financial ...

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• 25 December

  Hamdan bin Mohammed interacts with dignitaries and senior officials at Zabeel majlis

  

  DUBAI/ WAM H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, met today with a number of dignitaries and senior officials at Zabeel majlis keenly enquiring about the progress of projects they were undertaking. During the meeting, Sheikh Hamdan said that the directives of His Highness Sheikh Mohammed bin Rashid ...

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• 25 December

  Asset managers turn bullish on yen over Fed, BOJ path

  

  BLOOMBERG Asset managers turned bullish on the yen from bearish for the first time since May on the growing view that the Bank of Japan (BOJ) will probably end its ultra-easy policy in 2024 while its major peers cut interest rates. The latest Commodity Futures Trading Commission data for the week through December 19 also showed a slight reduction in ...

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• 25 December

  First edition of generative AI-National Day stamps launched

  

  DUBAI / WAM The Emirates Post Group Company (EPG), in collaboration with the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), announced the launch of the first edition of the 52nd National Day stamps designed using generative artificial intelligence. The event was organised in the presence of Omar Sultan Al Olama, Minister of State for Artificial Intelligence and Digital Economy ...

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• 25 December

  SCC to discuss Sharjah government budget for 2024

  

  SHARJAH / WAM Sharjah Consultative Council (SCC) will hold its second meeting, on December 28, as part of the first regular session of the eleventh legislative chapter, at its headquarters in the city of Sharjah, headed by Dr Abdullah Belhaif Al Nuaimi, Chairman of the Council. After approving the minutes of the first meeting, the agenda includes discussing the budget ...

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• 25 December

  Added, Siemens Energy to boost sustainable industrial sector

  

  ABU DHABI / WAM Abu Dhabi Department of Economic Development (Added), represented by Industrial Development Bureau (IDB), and Siemens Energy, a global leader in energy technology, have joined hands to further decarbonise Abu Dhabi’s booming industrial sector. The collaboration supports Abu Dhabi Industrial Strategy’s vision to establish the Emirate as the most competitive industrial hub in the region, driving the ...

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• 25 December

  Mohammed bin Rashid issues Decree constituting Board of Dubai Corporation for Ambulance Services

  

  DUBAI / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Decree No 62 of 2023 forming the Board of Dubai Corporation for Ambulance Services chaired by the Director-General of Dubai Health Authority. The Assistant Commander-in-Chief for Excellence and Pioneering Affairs of Dubai ...

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• 25 December

  Dewa awards AED10.9m deal for water pipeline in Hatta

  

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has awarded an AED10.9 million contract for a project to lay a 562 metre Glass-Reinforced Epoxy (GRE) water pipeline with 1,500-millimetre diameter in Hatta. This project includes constructing a jet valve chamber to extend the lower outlet valve of Hatta Dam to the Wadi area. This project is part of the ...

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• 25 December

  19 countries celebrate ‘Arab Day’ at 33rd Arab Scout Camp

  

  DUBAI / WAM Nineteen Arab countries celebrated the Arab Day for the participating countries at the 33rd Arab Scout Camp that Dubai is hosting for the first time. The event is being held under the patronage of the HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, with the participation ...

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