August, 2023

• 28 August

  Pioneering women shaping future of finance in the UAE

  

  ABU DHABI / WAM The Ministry of Finance (MoF) employs majority Emirati females, amounting to 60% of its total workforce, 57% of its leadership, and 81% of the youth. The ministry sets a remarkable model of Emirati women’s contribution to supporting infrastructure projects and sustainable development goals, and how women enrich sustainable development goals with their experiences, while working internationally ...

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• 28 August

  UAE, China sign pact to boost stature of Arabian horses

  

  BEIJING / WAM The Emirates Arabian Horse Society (EAHS) has signed a memorandum of understanding (MoU) with the Chinese Arabian Horse Association, which aims to enhance their collaboration and share expertise in boosting the stature of Arabian horses. The MoU includes improving various services offered to breeders and owners according to the highest international quality standards and in line with ...

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• 28 August

  Teach your Teens Financial  Literacy for the New Academic Year and Beyond with Leap

  

  DUBAI / GULF TIME As the new academic year begins, parents everywhere are gearing up to equip their teens with essential skills for a successful future. Financial literacy  forms the foundation of responsible money management. Leap is a revolutionary mobile app and prepaid Visa card designed to empower teenagers aged 6-18 with financial knowledge and cultivate lifelong good money habits ...

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• 28 August

  Get Back-To-School with fun & playful pieces by Cheekee Munkee

  

  DUBAI / GULF TIME Back-to-school shopping can be quite stressful for parents. The kids want to look cool, with the latest accessories, but you may not be ready to spend all your savings on items they’ll grow out of in a few months. Homegrown kidswear brand, Cheekee Munkee is here with new season must haves that keep both kids, and ...

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• 28 August

  Martians Prepares Kids for Back to School Season

  

  DUBAI / GULF TIME Making sure youngsters have the right nutrition, exercise, rest, and play is key to keeping any seasonal illness at bay, and it is not always an easy task. Everyday family life is busy, and parents have enough to think about without the worry of little ones becoming ill, or feeling a lack of energy, especially around ...

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• 28 August

  Stocks gain as traders assess interest rates, China support

  

  BLOOMBERG Stocks started the week on a positive note, tracking gains on Wall Street following cautious comments from central bankers at Jackson Hole. China’s support measures for its equities market helped lift sentiment. The rate-sensitive technology sector led the advance in Europe after Federal Reserve Chair Jerome Powell and European Central Bank President Christine Lagarde at Jackson Hole  failed to ...

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• 28 August

  China stocks surge after new measures to boost markets

  

  BLOOMBERG Chinese stocks jumped after authorities announced a slew of measures to woo back investors including a reduction of the stamp duty on stock trades and a slower pace of initial public offerings. The CSI 300 Index of mainland shares rallied as much as 5.5% on Monday, the most in three years, with some brokerage stocks gaining up to the ...

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• 27 August

  TD shares slide as deposit costs crunch earnings

  

  BLOOMBERG Toronto-Dominion (TD) Bank is feeling the impact of costlier deposits, which squeezed margins and contributed to the lowest profitability for its US business in more than a year. Canada’s second-largest bank saw US retail-banking earnings drop to C$1.38 billion ($1.02 billion) on an adjusted basis in the fiscal third quarter, a 6% decline from a year earlier. The bank’s ...

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• 27 August

  Rupee faces risk of ‘speculative attacks’ on RBI grip: ANZ

  

  BLOOMBERG Indian central bank’s policy to keep the rupee stable at weaker levels may make the currency vulnerable to “speculative attacks” in case of large risk events, according to Australia & New Zealand Banking Group (ANZ) . Policymakers are focused on bolstering manufacturing and exports, but it’s not without costs, economists Dhiraj Nim and Sanjay Mathur wrote in a note. ...

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• 27 August

  HSBC hires Evercore’s Hong to lead Singapore deals coverage

  

  BLOOMBERG HSBC Holdings Plc has hired Alex Hong from Evercore Inc to lead the bank’s dealmaking efforts in Singapore. Hong, who has been at Evercore for almost a decade, is set to join HSBC in September, a spokesperson for the UK lender confirmed in response to a Bloomberg News query. He will report to Sandeep Pahwa, head of investment banking ...

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