September, 2023

• 5 September

  Superdry sinks to $27.5 million loss as turnaround flounders

  

  BLOOMBERG Superdry Plc swung to an annual loss and expects no revenue growth in the current year as the fashion retailer struggles to compete with other clothing brands during the UK’s cost-of-living crisis. The company, known for its logo-printed T-shirts and bright colours, reported a pretax loss of £21.7 million ($27.5 million) for the full year, compared with a profit ...

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• 5 September

  Al Dahra and Al Marzoom join forces to conserve desert wildlife

  

  ABU DHABI / WAM Al Dahra, an Abu Dhabi-based global company in the agricultural sector, has signed a partnership agreement with Al Marzoom Reserve, a unique wildlife reserve that covers an area of 923 square kilometres in the emirate of Abu Dhabi, to enhance the conservation of local species of flora and fauna, like the desert rabbit, antelopes, Houbara Bustards ...

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• 5 September

  Joint statement issued in Nairobi during Africa Climate Summit

  

  NAIROBI / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, the President of Kenya, William Samoei Ruto, and African Union Commission Chair Moussa Faki Mahamat, have affirmed their commitment to work towards realising ambitious climate action in the Global Stocktake year. In a joint statement, they said that both Africa Climate Summit ...

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• 5 September

  Abu Dhabi Arabic Language Centre to organise children’s literature workshop

  

  ABU DHABI / WAM The Abu Dhabi Arabic Language Centre will organise the Children’s Literature Workshop at the Cultural Foundation from September 12 to  November 14, as part of its Qalam Creative Writing Programme, which aims to nurture Emirati talent and encourage authors to share their creative projects. Taking place over 10 sessions, the workshop will be supervised by Dr ...

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• 5 September

  UAE ambassador to Türkiye attends Teknofest Aerospace and Technology Festival launch

  

  ANKARA / WAM Saeed Thani Al Dhaheri, UAE ambassador to the Republic of Türkiye, attended the launch of the Teknofest Aerospace and Technology Festival in the capital, Ankara, an event considered the largest of its kind. Al Dhaheri met with Selçuk Bayraktar, Chairman of the Board of Directors of Baykar, the organisers of the event, in addition to several officials ...

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• 5 September

  Sheikh Mohammed chairs UAE Cabinet meeting, approves optional system for end-of-service gratuities for private sector employees

  

  ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired the UAE Cabinet meeting at Qasr Al Watan, Abu Dhabi, in the presence of HH Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court; HH Sheikh Maktoum bin ...

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• 5 September

  UAE leaders condole Saudi King on passing of Prince Jalawi bin Abdullah

  

  ABU DHABI/WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, has sent a message of condolences to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud of Saudi Arabia on the passing of Prince Jalawi bin Abdullah bin Abdulaziz. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai ...

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• 5 September

  Revolutionizing the car modification industry: The4x4.Com unveils innovative platform at Abu Dhabi Hunting and Equestrian Exhibition

  

  ABU DHABI/GULF TIME The global off-road vehicle market underwent a profound transformation, and at the forefront of that evolution stood THE4X4.COM. The groundbreaking platform was unveiled at the Abu Dhabi Hunting and Equestrian Exhibition, taking place from September 2nd to 8th, 2023 at Abu Dhabi National Exhibition Center (ADNEC). Recognized for its commitment to reshaping the car modification landscape, The4x4.com ...

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• 4 September

  IMF has ‘strong’ partnership with China, says Georgieva

  

   BLOOMBERG The International Monetary Fund (IMF) and China have a “strong partnership,” the organisation’s chief, Kristalina Georgieva, said as she wrapped a visit to the biggest lender for many developing economies and a key player in talks about their debt and financial stability. “In a world where so many countries are vulnerable to the impact of the Covid and world ...

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• 4 September

  Property stocks lead China rally as stimulus measures lift mood

  

  BLOOMBERG Chinese stocks jumped after the nation rolled out further property support measures, the latest in an intensifying campaign to rescue the beleaguered sector that’s been dragging down the economy. The Hang Seng China Enterprises Index gained as much as 3.6%, with property names Longfor Group Holdings Ltd and China Resources Land Ltd leading  the advance. A Bloomberg  Intelligence gauge ...

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