November, 2023

• 7 November

  GMC highlights UAE’s central role in reshaping media landscape, says SGMB Director-General

  

  SHARJAH / WAM The Global Media Congress (GMC) is a unique platform that brings together media experts, creative minds, and leaders to highlight the UAE’s central role in reshaping the media landscape, said Tariq Saeed Allay, Director-General of the Sharjah Government Media Bureau (SGMB). A platform for excellence, innovation, and knowledge sharing, the GMC convenes prominent entities, institutions, and influential ...

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• 7 November

  ‘Adnoc is advancing low-carbon LNG growth project in Ruwais’

  

  ABU DHABI / WAM Fatema Al Nuaimi, Executive Vice President, Downstream Business Management at Adnoc, said that Adnoc’s Ruwais liquefied natural gas (LNG) project is making excellent progress in line with its planned timeline, and that the project is steadily advancing toward the Final Investment Decision. In a statement to the Emirates News Agency (WAM),  Al Nuaimi said the groundbreaking ...

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• 7 November

  Khaled bin Mohamed bin Zayed attends UAE Government Annual Meetings

  

  ABU DHABI / AD MEDIA OFFICE His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has attended the UAE Government Annual Meetings 2023, which gather senior government officials to review significant developments across the UAE’s legislative and judicial sectors, among other achievements in priority sectors. His ...

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• 7 November

  NYUAD’s UAE Healthy Future Study celebrates research milestone

  

  ABU DHABI / WAM NYU Abu Dhabi (NYUAD), in collaboration with Tamkeen, celebrated the completion of the UAE Healthy Future Study’s (UAEHFS) first phase of recruiting nearly 15,000 participants in the UAE’s first-ever prospective cohort study of its kind that seeks to determine how the health of UAE nationals are affected by their lifestyle, environment, and genes, specifically looking at ...

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• 7 November

  Yahsat reports strong third quarter results for 2023

  

  ABU DHABI / WAM Al Yah Satellite Communications Company (Yahsat) announced on Tuesday its consolidated financial results for the nine months ended on September 30. Revenue and Normalised Ebitda grew 3% for the first nine months of the year versus the prior year to reach AED1.2 billion [$323 million] and AED713 million [$194 million], respectively. Net Income more than doubled ...

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• 7 November

  GAL AMMROC, UCS sign pact to support Royal Thai Armed Forces in aviation field

  

  ABU DHABI / WAM The Global Aerospace Logistics – Advanced Military Maintenance, Repair, and Overhaul Centre (GAL AMMROC) has signed a memorandum of understanding with UCS, a Thai company, to enhance opportunities for mutual cooperation in providing integrated services, logistics, and innovative solutions that contribute to the development of capabilities, investment opportunities, and sustainable growth. The memorandum of understanding (MoU) ...

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• 7 November

  Abdullah bin Zayed meets Vatican Secretary of State in Abu Dhabi

  

  ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, has met with Cardinal Pietro Parolin, Vatican Secretary of State, on the sidelines of the Global Faith Summit on Climate Action. During the meeting, the two sides discussed bilateral relations and the two nations’ efforts to promote values of tolerance, coexistence and human fraternity. They ...

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• 7 November

  MENA IPOs raise $5.8 billion in first nine months of 2023

  

  ABU DHABI / WAM A recent report revealed that 29 initial public offerings (IPOs) were recorded in the Middle East and North Africa (Mena) region during the first nine months of this year, with total proceeds of $5.8 billion. The report, issued today by Ernst Young (EY) on IPO activity in the region, stated that all IPOs executed in the ...

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• 7 November

  Stocks ease as Federal Reserve’s interest rate-cut doubts creep in

  

  BLOOMBERG Stocks retreated and the dollar rose after a Federal Reserve policymaker dampened hopes of speedy interest rate cuts from the US central bank.  Europe’s Stoxx 600 equity index opened around flat, and US equity futures contracts slipped about 0.2% as it became clear central banks will lean against traders’ rate-cut bets. Financial shares rose, led by UBS Group AG, ...

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• 7 November

  Korea stocks pare gains spurred by sudden short-selling ban

  

  BLOOMBERG South Korea’s benchmark stock index fell, as a jump on November 6 triggered by the nation’s sudden ban on short-selling ran its course. The benchmark Kospi finished 2.3% lower — while the small-cap Kosdaq Index slid 1.8% — after foreign and local institutional investors reduced equities. Kospi had surged 5.7% on November 6, its best performance since March 2020, ...

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