August, 2023

• 17 August

  UAE leaders congratulate President of Indonesia on Independence Day

  

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Joko Widodo of Indonesia on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister ...

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• 17 August

  Hong Kong stocks on edge of bear market as contagion fears mount

  

  BLOOMBERG Chinese stocks saw volatile trading as worrying signs mount in all corners of the economy.  The Hang Seng Index, where a majority of the members are mainland firms, closed little changed after falling more than 2% earlier, which took losses since a January high to 21%. A gauge of Chinese tech stocks gained 0.8%, flipping from a 2.5% loss. ...

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• 17 August

  US equity futures remain mixed as Treasury yields near 2007 peak

  

  BLOOMBERG US equity futures hinted at recovery from the retreat, even as a selloff intensified across bond markets worldwide. S&P 500 contracts added 0.2%, while Europe’s equity benchmark slipped 0.4%, falling under its 200-day moving average for the first time since March. While many investors had believed that the Federal Reserve was done raising interest rates, that’s no longer a ...

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• 17 August

  Sharjah real estate deals reach AED1.9b in July 2023

  

  SHARJAH / WAM Sharjah has recorded real estate transactions worth AED1.9 billion during July 2023, according to the monthly report issued by Sharjah Real Estate Registration Department. The department executed a total of 2,783 transactions of which 684 were sales transactions across 96 areas, distributed over the various regions of the emirate, and with more than 6 million square feet ...

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• 17 August

  UAEU receives 4,764 students for new academic year with highest academic standards

  

  Al AIN / WAM The United Arab Emirates University (UAEU) has made all the necessary preparations for the start of the new academic year 2023-2024. It received 4,764 new students, both male and female, who have successfully completed the admission and registration procedures for the various colleges and academic programs offered by the university. These efforts are aligned with the ...

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• 17 August

  Adnoc Gas signs 5-year LNG supply agreement with Japex 

  

  ABU DHABI / WAM Adnoc Gas plc, a world-class integrated gas processing company, on Thursday announced a five-year liquefied natural gas (LNG) supply agreement with Japan Petroleum Exploration Co, Ltd (Japex), the Japan-based energy company. The agreement, valued between $450 million (AED1.65 billion) and $550 million (AED2 billion), builds on the long-standing bilateral relationship between the UAE and Japan and ...

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• 17 August

  Sheikh Mohamed receives Algerian President’s written letter, received by Mansour bin Zayed

  

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a written letter from the President of the People’s Democratic Republic of Algeria, Abdelmadjid Tebboune, regarding bilateral relations and ways to enhance them between the two nations. During a meeting held at Qasr Al Watan, His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy ...

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• 17 August

  UAE leaders congratulate President of Gabon on Independence Day

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Ali Bongo Ondimba of Gabon, on the occasion of his country’s Independence Day, observed on August 17. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and ...

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• 17 August

  Sheraa unveils ‘Youth Ambassadors’ campaign, elevating UAE’s diverse young innovators

  

  SHARJAH / WAM In a drive to resonate with the youthful spirit of innovation and boundless potential, the Sharjah Entrepreneurship Centre (Sheraa) announces the launch of their ‘Sheraa Youth Ambassadors’ campaign, marking a transformative step towards amplifying the voices of UAE’s most outstanding young talents. Launching in conjunction with International and UAE Youth Day on August 12, the campaign, powered ...

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• 17 August

  Archer Aviation raises $215 million in funding

  

  BLOOMBERG Archer Aviation Inc said it raised $215 million in funding and patched up a legal dispute with Boeing Co, paving the way for the electric air-taxi startup to collaborate with its former adversary on future designs. Archer received investments from Boeing, as well as existing backers Stellantis NV, United Airlines Holdings Inc and tech-focused Ark Invest, it said in ...

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