September, 2023

• 26 September

  Abu Dhabi chamber to take part in Adipec 2023

  

  ABU DHABI / WAM Abdulla Mohamed Al Mazrui, Chairman of the Abu Dhabi Chamber of Commerce and Industry (ADCCI), has said that the Abu Dhabi Chamber is committed to being a major supporter of Abu Dhabi International Petroleum Exhibition and Conference (Adipec) since its launch in 1984. Adipec has stood as one of the world’s most prominent strategic events for ...

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• 26 September

  Emirates Post Group shortlists three groups for ‘Logistics Unleashed’ competition

  

  DUBAI / WAM Emirates Post Group (EPG) has shortlisted three groups for the next phase of ‘Logistics Unleashed’ competition, which is being held in collaboration with the UAE Ministry of Education and leading technology companies. The competition offered an exciting opportunity for young innovators to exhibit their talent and creativity in the field of robotics and logistics. EPG meticulously selected ...

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• 26 September

  Dubai government reduces public debt by AED29 billion

  

  DUBAI / WAM The Public Debt Management Office (PDMO) of the Government of Dubai’s Department of Finance announced a reduction of approximately AED29 billion in Dubai’s public debt by the end of this year. The achievement has been realised within a year and a half since the establishment of the office in 2022, marking a milestone in implementing its Public ...

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• 26 September

  UAE, China explore prospects for cooperation on labour and human resources development

  

  DUBAI / WAM Dr Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, welcomed Li Zhong, Vice Minister of Human Resources and Social Security of the People’s Republic of China, and his accompanying delegation at the ministry’s headquarters in Dubai. The meeting explored opportunities for the two countries to cooperate and exchange experiences in areas related to labour, human resources ...

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• 26 September

  Hong Kong exports in August post longest falling streak on record

  

  BLOOMBERG Hong Kong’s exports in August posted their longest streak of monthly declines on record, as weak demand and China’s slow recovery continue to pose challenges for the financial hub’s economic growth.  Overseas shipments fell 3.7% from a year earlier to HK$358.3 billion ($45.8 billion), the Census and Statistics Department said. That was better than the median estimate of a ...

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• 26 September

  India’s first green hydrogen bus flagged off

  

  NEW DELHI / WAM India’s first green hydrogen fuel cell bus was put on the national capital’s roads and flagged off by the Minister of Petroleum and Natural Gas, Hardeep Singh Puri. Fifteen more such buses will be deployed in Delhi, Haryana and Uttar Pradesh states after operational trials of those vehicles are completed, the Ministry of Petroleum and Natural ...

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• 26 September

  Bond selloff pauses; shares in Europe retreat for fourth day

  

  BLOOMBERG A selloff in bonds paused and the dollar steadied, while shares in Europe retreated for a fourth day. The Stoxx 600 benchmark slipped 0.3% on Tuesday and US equity futures declined, putting the MSCI All Country World Index, one of the broadest measures of global equities, on track to match its longest losing streak in the past decade. Yields ...

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• 26 September

  Dollar gains pressure on emerging-market stocks and currencies

  

  BLOOMBERG Emerging-market stocks fell to the lowest level since March as a strengthening dollar and elevated US yields damped investor appetite for riskier assets. Traders are wary of taking on riskier bets in emerging markets amid rising expectations rates will stay higher for longer in the US, or even increase. The flight to safety sent MSCI Inc’s gauge of developing-nation ...

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• 26 September

  UAE delegation takes part in IAEA 67th General Conference

  

  VIENNA/ WAM The United Arab Emirates is participating in the 67th General Conference of the International Atomic Energy Agency (IAEA) in Vienna, Austria, from 25th to 29th September. The week-long conference is being held under the theme “Global Cooperation in the Nuclear Field”. The UAE delegation, led by Ambassador Hamad Al Kaabi, UAE Permanent Representative to the IAEA, includes various ...

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• 26 September

  UAE President amends provisions of Federal Decree-Law on establishment and organisation of Presidential Court

  

  ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan issued Federal Decree-Law No.26 of 2023, amending some provisions of Federal Decree-Law No.4 of 2004 regarding the establishment and organisation of the Presidential Court. The Decree-Law stipulates that the term ‘Chairman of the Court’ shall be replaced with the word ‘Minister’ and the term ‘Chairman of the Presidential Court’ ...

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