August, 2023

• 16 August

  Dubai Airports raises AED950,000 for Dubai Cares in support of P2E

  

  DUBAI / WAM To mark International Youth Day, Dubai Airports has raised nearly AED950,000 in support of the ‘Passport to Earning’ (P2E) programme that was launched in partnership with Dubai Cares, Microsoft, Accenture and UNICEF at the RewirEd Summit during Expo 2020 Dubai. Operated by Generation Unlimited, a global multi-sector partnership that enables youth to become productive and engaged members ...

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• 16 August

  GMC consolidates UAE’s position as global capital of media industry: Dr Al Nuaimi

  

  ABU DHABI / WAM Dr Omar Al Nuaimi, Secretary-General of the Federal National Council (FNC), said that the second edition of the Global Media Congress (GMC), which will be held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, constitutes a global platform for shaping the ...

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• 16 August

  DP World to add 3 million TEU of new container handling capacity

  

  DUBAI / WAM DP World expects to add 3 million Twenty-Foot Equivalent Units (TEUs) of new container handling capacity by the end of the year, adding much needed infrastructure and capacity to boost global supply chain resilience. The global trade enabler currently manages approximately 9% of the world’s handling capacity, putting it among the top five global port operators. The ...

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• 16 August

  Sharjah Ruler approves 30% discount for students at SMA

  

  SHARJAH / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, approved a 30 percent discount for students who were not included in the scholarships at the Sharjah Maritime Academy (SMA).

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• 16 August

  AURAK joins world’s universities with ‘QS 5 Stars Plus’ rating

  

  RAS AL KHAIMAH / WAM The American University of Ras Al Khaimah (AURAK) has been awarded the QS 5 Stars Plus rating, placing it in the league of a handful of the world’s elite universities. It is the first university in the UAE to be awarded this highest rating. The award of the rating followed a rigorous and independent data ...

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• 16 August

  New industrial licences surge 16.6% in first year after Adis launch in 2022

  

  ABU DHABI / WAM Launched by HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu DhabiExecutive Council in June 2022, the Abu Dhabi Industrial Strategy (Adis) has accelerated the transformation of the emirate’s manufacturing sector, strengthening its position as the region’s most competitive industrial hub within its first year. Increased activity ...

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• 15 August

  Sheikh Khaled receives Sheikh Tahnoon at Adnoc HQ to review company’s role in advancing national economic growth

  

  ABU DHABI / WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, on Tuesday received HH Sheikh Tahnoun bin Mohammed Al Nahyan, Abu Dhabi Ruler’s Representative in Al Ain Region, during a visit to Adnoc’s headquarters to review the company’s efforts in advancing the growth of the ...

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• 15 August

  Yen weakens towards level that prompted September intervention

  

  BLOOMBERG Japan’s currency dropped towards a level that triggered the first yen-buying intervention since 1998 in September, prompting a top official to voice concern. Finance Minister Shunichi Suzuki said authorities are watching the currency’s trends with a high sense of urgency and will take steps if excessive moves are seen. His comments caused the yen to rise a bit, trading ...

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• 15 August

  Stocks, bonds decline as China’s surprise rate cut deepens gloom

  

  BLOOMBERG Stocks and bonds declined as concern grew that China’s faltering recovery and debt problems will spread to the global economy. Instead of reassuring investors, China’s surprise rate cut only deepened anxiety about policy steps to revive growth, driving Europe’s Stoxx 600 index down as much as 1.2% to the lowest in a month. US equity futures pointed to a ...

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• 15 August

  UAE ambassadors to Qatar and Kenya sworn in before President in Abu Dhabi

  

  ABU DHABI / WAM Before President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Sheikh Zayed bin Khalifa bin Sultan bin Shakhboot Al Nahyan, the UAE’s ambassador-designate to Qatar, and Salem Ibrahim bin Ahmed Mohamed Al-Naqbi, the UAE’s ambassador-designate to Kenya, took their oaths on Monday. During the oath-taking ceremony at Qasr Al-Shati, His Highness the President wished the two ...

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