November, 2023

• 28 November

  Stocks retreat on signs Nov rally in equities is overdone

  

  BLOOMBERG European stocks fell for a second day and US futures pointed to a weaker open on Wall Street amid signs the November rally in equities is overstretched. The Stoxx 600 retreated 0.7%, while contracts on the S&P 500 dipped by 0.2%. Dutch biotech Argenx SE sank as much as 17% after preliminary results suggested its only medicine failed in ...

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• 28 November

  Adani stocks add $15b in best day since Hindenburg report

  

    BLOOMBERG Shares of Adani Group companies rallied, with the flagship Adani Enterprises Ltd surging 13%, after India’s Supreme Court concluded hearing the arguments in a case relating to an investigation into the plunge in the conglomerate’s stocks earlier this year. The jump added more than $15 billion to the ports-to-power conglomerate’s market value, the most since Hindenburg Research in ...

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• 27 November

  Danube Home Announces the Mad Red Sale – The biggest loot of the year

  

  DUBAI/ GULF TIME Danube Home, the leading home improvement and furniture retailer in the region, has proudly unveiled its highly anticipated fourth edition of the Mad Red Sale – an annual extravaganza renowned for its incredible deals. Scheduled from November 15th to 30th, this sale promises shoppers an opportunity to enjoy discounts of up to 90% on an extensive range ...

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• 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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