August, 2023

• 11 August

  COP28 chief visits Barbados to keep focus on climate finance

  

  BARBADOS / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP 28 President-Designate, has visited Barbados to meet with Prime Minister Mia Motley and address distinguished leaders of the Caribbean Community (CARICOM). In his speech, Dr Sultan Al Jaber reaffirmed the COP28 Presidency’s commitment to support communities most vulnerable to the impacts of climate ...

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• 11 August

  UAE leaders congratulate President of Chad on Independence Day

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to Mahamat Idriss Deby, Transitional Military Council Leader and President of Chad, on the occasion of his country’s Independence Day, observed on  August 11. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE ...

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• 11 August

  Nigeria’s economic policies too loose to support naira, says IMF

  

  BLOOMBERG Nigeria’s loose fiscal and monetary policies are creating excess liquidity, making it difficult for the naira to stabilise against the dollar two months after authorities allowed the currency to trade freely, the International Monetary Fund (IMF) said. Central bank transfers to the government are increasing the naira in circulation, depressing interest rates, discouraging savings and deterring the dollar inflows ...

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• 11 August

  European stocks drop, hawkish Fed put traders in risk-off mood

  

  BLOOMBERG European equities fell, tracking markets lower in Asia, as  concern about local government debt in China and hawkish language from a US central banker put traders in a risk-off mood.  The Stoxx 600 index dropped 0.8%, snapping two days of gains and trimming its fourth weekly advance in five. US equity futures edged lower and the 10-year Treasury yield ...

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• 10 August

  UAE President condoles Abdullah Al Ketbi on his mother’s passing

  

  AL DHAID / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Thursday condoled Abdullah Muhair Al Ketbi, Minister of Federal Supreme Council Affairs, and his brothers on the passing of their mother during a visit to the condolence tent in Al Dhaid, Sharjah. His Highness expressed his sincere condolences and sympathy to the family of the ...

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• 10 August

  UAE’s economy to continue its robust performance in ’23: Opec

  

  VIENNA / WAM The Organisation of the Petroleum Exporting Countries (Opec) forecast that the UAE’s economy will continue its robust performance in 2023, after recording a growth of 7.9 percent year-on-year in 2022. According to Opec’s Monthly Oil Market Report for August, this robust performance will be delivered through constant contributions from the non-oil sector, especially from tourism, leisure and ...

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• 10 August

  Chad-based UAE hospital treats 3,509 cases in its first month

  

  AMDJARASS / WAM The Amdjarass-based field hospital, established by the UAE to support Sudanese refugees in Chad, continues to provide its services, recording 3,509 cases treated in the first month since its inauguration. The hospital conducted 24 surgeries, while the cases treated comprise 1,897 adults and 1,612 children. The hospital is part of the UAE’s humanitarian, relief and medical aid ...

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• 10 August

  DCT Abu Dhabi, Air France-KLM partner to expand connectivity

  

  ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) on Thursday signed a memorandum of understanding (MoU) with Franco-Dutch airline group Air France-KLM, forging a strategic partnership that will enhance connectivity between Abu Dhabi and Europe, further positioning the emirate as a preferred tourist destination. The signing ceremony, held at the Louvre Abu ...

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• 10 August

  GWU, Maqta Gateway organise session for ATLG 5.0 interns

  

  ABU DHABI / WAM The General Women’s Union (GWU) and Maqta Gateway, a subsidiary of the AD Ports Group, jointly organised an induction session for interns of the fifth batch of the “ATLG” programme under the patronage of HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, Supreme ...

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• 10 August

  Enoc signs deal with Alsayer  to expand offering in Kuwait

  

  DUBAI / WAM Enoc Group, a leading integrated global energy player, have signed a memorandum of understanding (MoU) with Alsayer Group Parts & Logistics in line with the group’s wider strategy to further expand its lubricants network in the region. The agreement will see Alsayer expanding its product range in Kuwait to introduce technologically advanced products from Enoc, including industrial, ...

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