August, 2023

• 18 August

  Bitcoin calm shatters with sudden tumble, mass liquidations

  

  BLOOMBERG A period of unusual calm in crypto markets ended abruptly  as the notion of higher-for-longer interest rates sparked a selloff in risk assets like Bitcoin, leading to mass liquidations of bullish bets. The rout pushed Bitcoin from near $29,000 to as low as $25,314 in a 24-hour span before the biggest token recovered slightly in early European trading on ...

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• 18 August

  Global stocks heading for worst week since March

  

  BLOOMBERG Stocks slumped, putting a global benchmark on track for the biggest weekly loss since March, as worries about China and higher global interest rates sapped sentiment. US equity futures were indicated lower, building on the selloff that’s stretched across risk assets. Bitcoin slid as much as 8% and oil was set for its first weekly loss since June. The ...

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• 18 August

  UAE President, Ethiopian PM discuss cooperation and regional developments

  

  ADDIS ABABA / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Dr Abiy Ahmed, Prime Minister of the Federal Democratic Republic of Ethiopia, on Friday held talks on various aspects of bilateral relations, in addition to broader regional and international issues of mutual interest. During the meeting held in Addis Ababa, the Prime Minister of Ethiopia welcomed ...

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• 18 August

  Emirati investments in Ethiopia totalled $2.9b in 2022: Al Zeyoudi

  

  ABU DHABI / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said that the UAE’s leadership had directed the country to strengthen its relations with African nations, especially Ethiopia. Ethiopia is the second-largest country in Africa by population, with over 120 million people, and is a major market for the UAE’s non-oil exports and re-exports, ...

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• 18 August

  DCT Abu Dhabi’s Tourism Youth Summer Camp 2023 empowers hospitality future

  

  ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) on Friday celebrated the graduation of 56 Emirati students from its 2023 Tourism Youth Summer Camp, a two-week introduction to Abu Dhabi’s tourism and hospitality industry where participants nurtured essential teamwork and leadership skills, gained hands-on experience and received insights from professionals within the ...

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• 18 August

  Dubai Customs facilitates delivery of humanitarian aid shipments

  

  DUBAI / WAM Dubai Customs continues to facilitate relief shipments dispatched from the International Humanitarian City (IHC), in support of the UAE’s leading role in providing humanitarian aid to underprivileged countries. Their simplified clearance procedures have had a significant impact on the rapid deliveries of humanitarian aid and relief goods from Dubai to the most affected areas in the world. ...

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• 18 August

  Dubai’s International Humanitarian City holds gathering to mark World Humanitarian Day 2023

  

  DUBAI / WAM The international humanitarian community converged at Dubai’s International Humanitarian City (IHC) on Friday to observe World Humanitarian Day 2023. Held in an atmosphere charged with dedication and resolve, the gathering resonated with the theme of #NoMatterWhat, as declared by the United Nations Office for the Coordination of Humanitarian Affairs (OCHA). Giuseppe Saba, CEO of IHC, stated: “Today, ...

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• 18 August

  Etihad Cargo adds Ezhou airport to its network

  

  ABU DHABI / WAM Etihad Cargo, the cargo and logistics arm of Etihad Airways, has operated the carrier’s inaugural flight to Ezhou Huahu Airport. Etihad Cargo’s Boeing 777-200 freighter arrived in Ezhou on 18th August, making the carrier the first international airline to operate flights to the airport. Located in the Hubei Province of China, Ezhou Huahu Airport was developed ...

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• 18 August

  UAE a key player in supporting international humanitarian action: Hamdan bin Zayed

  

  ABU DHABI / WAM HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC), said that under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE stands as a leading donor country on the global stage. He also highlighted the nation’s significant contribution to ...

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• 18 August

  “Yiyang Meets the Middle East Economic and Trade Exchange Week” launched in Dubai

  

  DUBAI/ GULF TIME The “Yiyang” yacht Activity -Anhua dark tea and Yiyang agricultural products promotion and exhibition was held recently in Dubai Bay, which also opened the “Yiyang Meets the Middle East Economic and Trade Exchange Week”. Xiong Wei, mayor of Yiyang Municipal People’s Government in Hunan Province, announced the launch of the economic and trade exchange week. Since establishing ...

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