August, 2023

• 10 August

  Bank of Russia halts FX buys as ruble slumps near 100 to dollar

  

  BLOOMBERG The Bank of Russia announced it will halt purchases of foreign currency on the domestic market for the rest of 2023 in an effort to help the ruble as the currency slumped toward 100 per dollar, its weakest in 16 months. “The decision was made in order to reduce the volatility of financial markets,” the central bank said in ...

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• 10 August

  Global stocks rally as China eases travel restrictions

  

  BLOOMBERG Global stocks advanced, with France’s equity benchmark jumping 1%, after China lifted travel curbs. European travel and luxury companies led gains in the Stoxx 600 Index on speculation that companies will benefit an increase in Chinese tourism spending. The mood in markets was positive ahead of the key US inflation data, which may provide clues on the Federal Reserve’s ...

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• 9 August

  Dewa Store provides 818 special offers in collaboration with entities

  

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa) provides a wide range of special offers and discounts to its customer through the Dewa Store, in collaboration with 471 public and private sector companies. The offers encourage customers to adopt a smart and sustainable lifestyle and help transform their houses into smart homes. Currently customers can avail of 818 offers ...

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• 9 August

  Dubai chamber attracts 69  technology firms in H1 2023

  

  DUBAI / WAM Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has unveiled details of its key achievements during the first half of 2023. Significant milestones included attracting 69 emerging technology companies to the emirate in cooperation with its partners from various government authorities between January and June, in line with ...

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• 9 August

  Fujairah Ruler issues law to transform ‘Fujairah Tourism and Antiquities Authority’ into department

  

  FUJAIRAH / WAM HH Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah has issued Law No 2 of 2023 to transform the “Fujairah Tourism and Antiquities Authority” into the Fujairah Tourism and Antiquities Department. The law stipulates that it will perform the tasks and competencies specified for it under the provisions of this law and ...

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• 9 August

  ABN Amro drops as buyback delay outweighs profit beat

  

  BLOOMBERG ABN Amro Bank slumped in Amsterdam after the bank’s delay of buyback plans outweighed the better-than-expected profit in the second quarter. Net income of €870 million ($955 million) in the three months through June compared with expectations for profit of €576.3 million, while net interest income was broadly in line with expectations. The Dutch bank, which last announced a ...

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• 9 August

  UAE dominates global tourism landscape in H1

  

  ABU DHABI / WAM The UAE dominated the global tourism landscape in the first half of 2023 and maintained its regional and international leadership as a preferred destination for travel, residency and business. The country’s tourism sector performed exceptionally in the first six months of 2023, with record figures and results attesting to the success of the strategies and plans ...

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• 9 August

  Adnoc Gas awards AED13.1bn contract to expand infrastructure

  

  ABU DHABI / WAM Adnoc Gas plc, the world-class integrated gas processing company, on Wednesday announced the award of a $3.6 billion (AED13.1 billion) contract to the joint venture between National Petroleum Construction Company Co PJSC (NPCC) and Tecnicas Reunidas to expand its gas processing infrastructure in the UAE. The scope of the contract includes the commissioning of new gas ...

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• 9 August

  Khaled bin Mohamed bin Zayed tours marine research vessel Jaywun

  

  ABU DHABI / WAM His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has visited Jaywun, the UAE’s first marine research vessel of its kind, which was commissioned by the Environment Agency – Abu Dhabi (EAD). During the visit, His Highness reviewed the vessel’s cutting-edge research equipment ...

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• 9 August

  UAE President receives Emirati photographer Noura Al-Neyadi

  

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received Emirati photographer Noura Al-Neyadi. His Highness welcomed Noura Al-Neyadi during the meeting at Qasr Al Bahar and learned about the various initiatives and projects she has undertaken in the UAE and abroad. Al-Neyadi also shared stories and challenges she has encountered while photographing architecture and other ...

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