October, 2023

• 20 October

  Sheikh Maktoum witnesses WEF’s Young Global Leaders Annual Summit launch

  

  DUBAI / WAM The World Economic Forum’s (WEF) Young Global Leaders (YGL) Annual Summit kicked off in Dubai on Thursday with the attendance of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and member of the Young Global Leaders Council. This is the first time the gathering is ...

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• 20 October

  Nedaa, du to pioneer UAE’s telecom sector transformation

  

  DUBAI / WAM Professional Communication Corporation – Nedaa, and du, from Emirates Integrated Telecommunications Company (EITC), have officially signed a memorandum of understanding on the second day of GITEX Global to enhance collaboration in the telecommunication sector. The memorandum of understanding was signed by Mansoor Bu Osaiba, Chief Executive Officer of Nedaa, and Fahad Al Hassawi, Chief Executive Officer of ...

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• 20 October

  UAE council, ATRC ink pact to boost cybersecurity landscape

  

  DUBAI / WAM In a bid to curb cybersecurity challenges, the UAE Cyber Security Council (UAE CSC) and Abu Dhabi’s Advanced Technology Research Council (ATRC) on Thursday joined forces to cooperate on shaping a more secure and private global information society. Dr Mohammed Hamad Al Kuwaiti, Chairman of the UAE Cyber Security Council, and Shahab Issa Abu Shahab, Director-General of ...

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• 20 October

  Ruler of Sharjah issues Emiri Decree appointing Sectary-General of Holy Quran Academy

  

  SHARJAH / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued an Emiri Decree No 42 of 2023, appointing Abdullah Al Hosani as the Sectary-General of the Holy Quran Academy (HQA) in Sharjah. According to the Decree, Abdullah Al Hosani will be transferred from the Department of Islamic Affairs, assuming ...

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• 20 October

  UAE participates in 26th Meeting of GCC Information Ministers

  

  ABU DHABI / WAM Mohammed Saeed Al Shehhi, Secretary-General of UAE Media Council, has participated in the 26th Meeting of GCC Information Ministers. The meeting was held virtually under the chairmanship of Dr Abdullah Nasser Al Harasi, Minister of Information of the Sultanate of Oman, who is the current session’s president. Jassem Mohamed Albudaiwi, Secretary-General of the Gulf Cooperation Council ...

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• 20 October

  UAE ministry, WFP, Food Tech Valley sign pact on food systems

  

  DUBAI / WAM The Ministry of Climate Change and Environment (MoCCAE), the World Food Programme (WFP), and the Food Tech Valley signed a Memorandum of Understanding to strengthen innovation in food systems and agriculture. The MoU was signed during the UAE year of sustainability and as part of the ministry’s preparations for the Conference of the Parties COP28 hosted in ...

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• 20 October

  Campaign launched for outdoor seating rules in Abu Dhabi

  

  ABU DHABI / WAM The Abu Dhabi City Municipality, in partnership with the City Municipality Centre, has initiated a campaign aimed at enhancing public awareness and understanding of the rules governing the use of temporary outdoor seating areas and adjacent pavements near commercial establishments, including shops, eateries, cafes, and other service venues. The campaign seeks to inform the public about ...

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• 20 October

  Indonesia set to extend interest rate pause as risks build up for rupiah

  

  BLOOMBERG Indonesia’s central bank will probably leave its benchmark interest rate unchanged, as policymakers look set to act to support the rupiah only when volatility from global uncertainties become excessive. Thirty of the 31 economists surveyed by Bloomberg expect Bank Indonesia to keep its seven-day reverse repurchase rate at 5.75% for a ninth straight meeting. That is in line with ...

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• 20 October

  Stocks tumble as 10-year Treasury yields near 5%

  

  BLOOMBERG Rising Treasury yields and weak earnings news sapped appetite for stocks as traders tracked an intensifying diplomatic push to contain the war. Yields on 10-year US government bonds gained for a fourth day, closer to reaching 5% for the first time since 2007. The relentless advance in yields reflects expectations that the Federal Reserve will keep interest rates at ...

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• 20 October

  London wins back its Europe’s stock market crown from Paris

  

  BLOOMBERG London has recaptured its crown as Europe’s largest stock market from Paris, lifted by surging crude oil prices. The combined market capitalisation of primary listings in London — excluding ETFs and ADRs — is now $2,888.4 billion versus Paris’s $2,887.5 billion, according to an index compiled by Bloomberg. London had lost its status as Europe’s biggest stock market last ...

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