August, 2023

• 8 August

  Borouge and Borealis unveil new sustainable automotive products

  

  ABU DHABI / WAM Borouge, a leading petrochemical company that provides innovative and differentiated polyolefin solutions, and Borealis, one of the world’s biggest polyolefin manufacturers, on Tuesday announced the launch of two new sustainable polymer products for the automotive industry, in line with both companies’ sustainability drive. Made from up to 70% recycled materials, they are the first sustainable products ...

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• 8 August

  UAE aims to secure a seat on space flights every 3 or 5 years: MBRSC chief

  

  DUBAI / WAM The UAE Astronaut Programme is a sustainable programme that aims to develop a national team of astronauts to achieve the country’s aspirations in scientific exploration, participate in manned exploration missions, and contribute to the global space exploration missions by developing and preparing a team of Emirati astronauts, a top official told the Emirates News Agency (WAM). Salem ...

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• 8 August

  Fujairah Ruler issues Resolution for Executive Director of Fujairah Culture and Media Authority

  

  FUJAIRAH / WAM HH Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, has issued Resolution No.6 of 2023, appointing Nasser Mohammed Humaid Al Yamahi as Executive Director of the Fujairah Culture and Media Authority.

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• 8 August

  Sharjah Ruler directs keeping registration’s door open at SMA

  

  FUJAIRAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, approved the applications of 82 students to the Sharjah Maritime Academy (SMA) in Khorfakkan, 62 of whom received a scholarship, and the rest received a 30 percent discount on fees. His Highness also directed continuing to accept students’ applications, especially those who ...

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• 8 August

  DoE launches building safety inspections for LPG systems

  

  ABU DHABI / WAM Department of Energy – Abu Dhabi (DoE) has launched a project to enhance the safety of centralised liquid petroleum gas (LPG) systems in commercial and residential buildings within the emirate, in an initiative that is being carried out in collaboration with all relevant governmental entities. The DoE is committed to boosting community safety, and safeguarding assets, ...

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• 8 August

  Fujairah Crown Prince briefed on Fujairah Creative Centre’s plans, activities

  

  FUJAIRAH / WAM HH Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, was briefed about the objectives of the Fujairah Creative Centre, which is affiliated with the Ministry of Culture and Youth. He learnt about the centre’s plans in the cultural and innovative field, supporting talented people from all segments of society and celebrating their creativity ...

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• 8 August

  Emirates Schools Establishment joins National ICV programme

  

  ABU DHABI / WAM The Emirates Schools Establishment (ESE) has joined the National ICV Programme following a Memorandum of Understanding (MoU) with the Ministry of Industry and Advanced Technology (MoIAT). The MoU supports the programme, launched as one of the UAE’s Projects of the 50 and, in enhancing  coordination and integration between federal and local entities. The signing was attended ...

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• 8 August

  SEC discusses restructuring Districts and Villages Affairs Department

  

  SHARJAH / WAM HH Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of Sharjah Executive Council (SEC), chaired, on Tuesday, the SEC’s meeting. The council discussed a draft law restructuring the Sharjah Districts and Villages Affairs Department and reviewed the response of the Department of Statistics and Community  Development to the recommendations of ...

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• 8 August

  China stocks in HK drop during growing economic strains

  

  BLOOMBERG Chinese stocks in Hong Kong tumbled as disappointing trade data added to investor concerns about the strength of the economic recovery and as worries about the real estate sector intensified. The Hang Seng China Enterprises Index slid 2.2% to close at its lowest in almost two weeks. A Bloomberg Intelligence gauge of property developers plunged more than 4% intraday, ...

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• 8 August

  Bond yields tumble after stocks stage broad retreat

  

  BLOOMBERG Bond yields tumbled around the world and equities slumped as a raft of news on China, Italy and US banks fanned worries about the financial system and global economy. Across markets, there was a broad move into safety. The yield on the 10-year Treasury dropped 10 basis points and the equivalent rates in Germany fell 13 basis points. A ...

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