August, 2023

• 4 August

  UAE calls for mobilising global action to tackle food insecurity

  

  NEW YORK / WAM Noura Al Kaabi, Minister of State, called on the international community to take greater concerted action to overcome the challenge of food insecurity. Al Kaabi delivered the UAE’s statement during a United Nations Security Council open debate on “Famine and Conflict-Induced Global and Food Insecurity” convened by the United States and chaired by Antony Blinken, US ...

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• 4 August

  Adnoc Drilling announces net profit of $446mn in H1 2023

  

  ABU DHABI / WAM Adnoc Drilling Company on Friday announced financial results for the first half and second quarter of 2023. The company’s strategy of expanding both fleet and service offering has driven net profit to $446 million, a significant increase of 18% year-on-year during the first half of 2023. Adnoc Drilling’s first half revenue increased to $1.4 billion, up ...

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• 4 August

  Globally, over 250mn people suffered acute hunger in 2022: UN

  

  NEW YORK / WAM The threat of famine, with people slowly starving to death, must be considered a red line for international peace and security, the UN Famine Prevention and Response Coordinator, Reena Ghelani, said, warning that warring groups deliberately use hunger as a tactic of war. Globally, over 250 million people suffered acute hunger in 2022, the highest in ...

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• 4 August

  Seha, Sanofi ink agreement to advance rare disease diagnostics

  

  ABU DHABI / WAM The Abu Dhabi Health Services Company (Seha), a subsidiary of PureHealth, and Sanofi, have entered into a collaboration agreement, to enhance diagnostic performance and accuracy in the field of rare diseases. The agreement will particularly focus on expediting the screening process for lysosomal storage disorders (LSDs) and reducing the average diagnostic journey for rare disease patients. ...

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• 4 August

  Adnoc to acquire 30% equity stake in Absheron gas field

  

  ABU DHABI / WAM Abu Dhabi National Oil Company (Adnoc), the State Oil Company of Azerbaijan (SOCAR) and TotalEnergies on Friday announced a strategic transaction that will see ADNOC acquire a 30% equity stake in the Absheron gas and condensate field in the Caspian Sea. Adnoc’s investment into the Caspian region aims to create a substantial growth position as it ...

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• 4 August

  Chinese media to actively participate in 2nd Global Media Congress: Envoy

  

  ABU DHABI / WAM Chinese media will actively participate in the upcoming Global Media Congress in Abu Dhabi, which will explore the media of the new era and convey the common values and ideals of humankind through technology, innovation, and win-win collaboration, a top Chinese diplomat told the Emirates News Agency (WAM). “China strongly supports the UAE in successfully holding ...

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• 4 August

  UAE ambassador to Peru attends presidential reception on Independence Day

  

  LIMA / WAM Mohammed Abdullah Al Shamsi, the UAE ambassador to the Republic of Peru, has attended a reception hosted by Dina Boluarte, President of Peru, at the Presidential Palace on the occasion of Peru’s Independence Day. Al Shamsi conveyed the greetings of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, ...

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• 4 August

  Vietnam’s stock market recovering fast, strongly

  

  HO CHI MINH CITY / WAM Vietnam’s stock market is witnessing the fastest and strongest recovery since the beginning of this year, as the VN-Index has surpassed the threshold of 1,200 points, state news agency (VNA) reported. Most stocks have risen significantly compared to the end of 2022, and the list of enterprises with a capitalisation over $10 billion expanded. ...

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• 4 August

  Futures rise, yields fluctuate over Fed rate hike speculation

  

  BLOOMBERG Stock futures rose and bond yields wavered after data showing labour-market softening reinforced speculation the Federal Reserve will have room to skip an interest-rate hike in September. After swinging between gains and losses, S&P 500 contracts pushed higher. Treasury two-year yields, which are more sensitive to imminent Fed moves, were little changed alongside the dollar. US employment increased at ...

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• 4 August

  Arada awards AED395mn contract to build Nasaq District

  

  SHARJAH / WAM Arada has awarded a major contract to build Nasaq District, a cluster of six upscale apartment buildings located within the master plan of Sharjah’s largest mixed-use community, Aljada. Valued at AED395 million, the contract to build Nasaq District was awarded to Gulf Asia Contracting Company LLC (GAC). Construction work on Nasaq Distict will begin immediately and is ...

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