July, 2023

• 26 July

  China’s fragile stocks show Beijing needs to act fast on pledges

  

  BLOOMBERG Chinese stocks resumed declines on Wednesday, underscoring the need for authorities to act quickly for the market to sustain the sharp rebound seen after policymakers’ latest pledges to revive the economy. The Hang Seng China Enterprises Index, which tracks major Chinese companies listed in Hong Kong, dropped 0.8% after surging 5.3% in the previous session. A Bloomberg Intelligence gauge ...

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• 26 July

  Hamdan bin Mohammed issues Resolution on Board of Knowledge Fund Establishment

  

  DUBAI / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has issued Executive Council Resolution No (55) of 2023 on the Board of Directors of the Knowledge Fund Establishment. Ahmad Abdul Kareem Julfar will chair the Board while Mohammed Abdullah Al Shaibani will serve as the Vice ...

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• 26 July

  Dubai chamber promotes local businesses with Global Expansion Series

  

  DUBAI / WAM Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has launched the Global Expansion Series to help local businesses grow internationally. Designed to support the objectives of the Dubai Global initiative, the events will create a dedicated support channel for business matching, provide timely intelligence on market opportunities and accessibility, and assist companies in ...

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• 26 July

  ADCP announces strategic pact with AP Moller Capital

  

  ABU DHABI / WAM Abu Dhabi Catalyst Partners (ADCP), a joint venture between Mubadala Capital and Alpha Wave Global, to support the development of Abu Dhabi Global Market (ADGM), on Wednesday announced its partnership with AP Moller Capital P/S, a value-add infrastructure fund manager focused on high growth markets, and part of the AP Moller Group. This new investment in ...

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• 26 July

  Jebel Ali Port welcomes Hapag-Lloyd’s ultra-large containership

  

  DUBAI / WAM DP World’s flagship, Jebel Ali Port welcomed Hapag-Lloyd’s Berlin Express ultra-large dual-fuel container ship on its maiden voyage, reinforcing its commitment to innovation and sustainability in the shipping industry. The Berlin Express is a state-of-the-art vessel with a capacity of 23,600 TEU. It is the first of 12 dual-fuel vessels ordered by the shipping line which will ...

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• 26 July

  etisalat e& launches tailored business solutions for startups

  

  ABU DHABI / WAM etisalat by e& on Wednesday launched its new tailored business solutions for startup and micro businesses. The innovative solutions have been specifically designed to provide comprehensive services and support for small businesses based on their unique requirements. The packages offer solutions that meet the specific needs of various business categories, with customers having the flexibility to ...

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• 26 July

  Suhail Al Mazrouei affirms UAE’s commitment to support Paris Agreement

  

  GOA-INDIA / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, concluded a three-day visit to Goa, India, where he participated in multiple high-level events that aimed to drive the global energy transition agenda in line with the objectives of the Paris Agreement. The visit was part of the UAE’s collaborative approach to tackling global challenges and driving ...

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• 26 July

  HUB71, Wio Bank to enhance banking for tech startups

  

  ABU DHABI / WAM Hub71, Abu Dhabi’s global tech ecosystem, and Wio Bank, the region’s first platform bank, have launched a strategic partnership to transform the banking experience for startup founders in the capital. Designed to enhance bank account processes for SMEs, Wio becomes the official banking partner of Hub71, enabling startup founders to benefit from expert mentorship and commercialisation ...

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• 26 July

  UAE President, VPs wish President of Liberia on Independence Day

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to Liberian President George Weah on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE  and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed ...

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• 25 July

  UAE, Azerbaijan hold first consular consultations meeting to boost cooperation

  

  ABU DHABI / WAM The UAE and Azerbaijan held their first consular consultation meeting to enhance their cooperation in consular areas. The meeting, at the headquarters of the Ministry of Foreign Affairs in Abu Dhabi, was chaired by Faisal Lutfi, Assistant Under-Secretary of the Ministry of Foreign Affairs for Consular Affairs, and Emil Safarov, Head of the Consular Department of ...

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