July, 2023

• 25 July

  Aldar increases investment in its retail portfolio to AED 1 billion

  

  ABU DHABI / WAM Aldar Properties on Tuesday announced an AED 500 million investment plan to redevelop two of its key retail portfolio assets in the UAE: Al Jimi Mall in Al Ain, and Al Hamra Mall in Ras Al Khaimah. The investment takes Aldar’s committed spend on redeveloping key retail assets to AED 1 billion. The company has approved ...

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• 25 July

  Stocks edge higher as traders await earnings, Fed decision

  

  BLOOMBERG Equity markets edged higher in cautious trade on Tuesday, hemmed in by risks including upcoming company earnings and the outcome of this week’s central bank meetings. The Stoxx Europe 600 rose after a shaky start, while contracts on the Nasdaq 100 index gained as much as 0.4%, following a weak session following a reweighting of constituents. Investors appear unwilling ...

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• 25 July

  Bitcoin retreat puts crypto’s 2023 lead over stocks in jeopardy

  

  BLOOMBERG The crypto market’s once-handsome 2023 lead over stocks is cracking as Bitcoin holds a retreat below $30,000. The year-to-date climb in a gauge of the top 100 digital tokens has cooled to 46%, not far above a 41% jump in the Nasdaq 100 Index of tech stocks. Hype over artificial-intelligence products has boosted the equity measure, which briefly topped ...

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• 25 July

  Under directives of Sheikh Hamdan, Dubai Assembly for Generative AI to be held in October

  

  DUBAI / WAM Under the directives of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and Chairman of the Board of Trustees of Dubai Future Foundation, the Dubai Assembly for Generative AI is set to take place from October 11-12. The assembly aims to shape the future of generative ...

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• 25 July

  Abu Dhabi Residents Office, Jetro collaborate to promote specialised talent, investors

  

  ABU DHABI / WAM The Abu Dhabi Residents Office, the Abu Dhabi Department of Economic Development’s (Added) arm to support the emirate’s thriving community and to strengthen its position as a top destination for top talent, and the Japan External Trade Authority (Jetro) have signed a memorandum of understanding to enhance joint efforts in attracting specialised talent and investors as ...

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• 25 July

  Khaled bin Mohamed bin Zayed visits 19th Liwa Dates Festival

  

  ABU DHABI / WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has visited the 19th Liwa Date Festival 2023, a key event on Abu Dhabi’s annual calendar which celebrates the Emirati heritage and highlights the role of dates in the country’s economy and culture. Held under ...

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• 25 July

  Dubai chamber forges ties with Chinese firms in roadshow

  

  DUBAI / WAM Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has concluded a week-long roadshow in five cities across China. The visit brought together more than 200 digital companies at events in Shanghai and Shenzhen and featured over 55 business meetings to attract multinational companies (MNCs) to expand into Dubai. Participants in the ...

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• 25 July

  GMC reflects UAE’s position as global media industry capital: Shamma bint Sultan

  

  ABU DHABI / WAM Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, President and CEO of UAE Independent Climate Change Accelerators (UICCA), has emphasised that holding the second edition of the Global Media Congress 2023 under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, reflects the ...

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• 25 July

  Mubadala Energy, Pertamina ink deal on CCUS in Indonesia

  

  ABU DHABI / WAM Mubadala Energy and Pertamina, the Indonesian state-owned integrated energy company, have entered into an agreement to discuss, explore and potentially engage in energy transition initiatives, primarily focused on carbon capture, utilisation and storage (CCUS) applications in Indonesia. In line with Mubadala Energy’s commitment to play an active role in the energy transition and explore new energy ...

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• 25 July

  Sheikh Mansour congratulates President of Uzbekistan on his birthday

  

  ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, congratulated President of the Republic of Uzbekistan, Shavkat Mirziyoyev, on his birthday. This occurred during a phone call on Tuesday, where His Highness Sheikh Mansour wished Mirziyoyev health and happiness and more progress and prosperity for the ...

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