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8 November

Stocks slip before Fed Chair Powell’s speech; M&S rallies

BLOOMBERG Stocks edged lower as investors awaited clues on the path of interest rates from a raft of central bank officials including Federal Reserve Chair Jerome Powell. Europe’s Stoxx 600 fell 0.1% and US equity futures traded little changed. The 10-year Treasury yields climbed by three basis points to 4.6%. West Texas Intermediate held at $77, near a three-year low. ...

8 November

UAE sends further five planes carrying equipment for Gaza field hospital

ABU DHAB/ WAM The UAE has sent a further five planes carrying supplies and equipment to support the construction of a field hospital in the Gaza Strip, bringing to 16 the total number of aircraft sent as part of the UAE’s Gallant Knight 3 humanitarian operation. The cargo of these planes will be unloaded in the Egyptian city of El ...

8 November

ADIB successfully issues $500 million green senior sukuk marking world’s first ever green USD sukuk issued by a financial institution

ABU DHABI/ WAM Abu Dhabi Islamic Bank (ADIB), a leading financial institution, announced today that it has successfully raised USD 500 million via a green Sukuk offering, marking the world’s first ever green USD sukuk issued by a financial institution. ADIB, which is rated A2 by Moody’s and A+ by Fitch, in each case with a stable outlook, priced the ...

8 November

UAE government adopts proactive approach to meet the requirements of the development march:Mohammed bin Rashid

ABU DHABI/ WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, affirmed that the UAE government adopts a proactive approach to meet the requirements of the development march. His Highness Sheikh Mohammed bin Rashid Al Maktoum added: “A year ago, we launched ‘We the UAE 2031’… More than 152 federal government projects ...

7 November

Great Audit Minds (GAM) Conference 2023 Launches in Abu Dhabi with Distinguished Attendance

ABU DHABI/ GULF TIME Today marks the grand opening of the 1st Regional Great Audit Minds (GAM) Conference 2023 in Hilton Abu Dhabi Yas Island Hotel, and concludes on November 8, 2023. The event commenced with great fanfare and was attended by a host of dignitaries, industry leaders, and over 1,300 professionals from around the globe, signaling a milestone in ...

7 November

Middle East’s first Revolutionary Self-Service Coffee Concept, nove caffè, Marks its Grand Opening

DUBAI/ GULF TIME Research suggests that coffee industry is expected to grow at a CAGR of 8.3% during the forecast period of 2021-2027. According to a report by Fanack, coffee consumption in the Middle East amounts to $7 billion per year, which will account for over AED25 billion, and the estimated coffee consumption per person stands at 3.5 kilos per ...

7 November

Our priorities for next stage are to maintain our economic momentum, focus on youth, promote sustainable projects: Mohammed bin Rashid

DUBAI/ WAM Chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the UAE Government Annual Meetings kicked off today, in Abu Dhabi in the presence of more than 500 dignitaries, ministers, and senior officials at the federal and local levels. In his statement during the inaugural day of the UAE Government ...

7 November

AD Ports Group acquires 10 offshore vessels for around US$200 million

ABU DHABI/ WAM AD Ports Group (ADPORTS) today announced the purchase of 10 offshore vessels that will bolster offshore operations in the Middle East and Southeast Asia. The investment is around US$200 million into a well-maintained, diversified fleet with an average age of around 9 years, significantly less than the industry average. All ten vessels are expected to be delivered ...

7 November

UAE sends 6 additional aircraft to support construction of field hospital in Gaza

ABU DHABI/ WAM The UAE today sent six additional aircraft carrying supplies and equipment to support the construction of the field hospital, set to be established in the Gaza Strip. The aircraft, which departed from Abu Dhabi and are bound for Al-Arish International Airport, Egypt, are part of the UAE’s Operation “Gallant Knight 3”, launched by the UAE to support ...

7 November

Mansour bin Zayed launches National Platform for Gender Balance with participation of local governments

DUBAI/ WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, launched the “National Platform for Gender Balance.” This innovative platform serves as a unifying force, providing essential data on gender balance at both federal and local government levels. The platform’s unveiling took place on Tuesday, 7th November, among the ...

TimeLine Layout

November, 2023