August, 2023

• 10 August

  UAE’s economy to continue its robust performance in ’23: Opec

  

  VIENNA / WAM The Organisation of the Petroleum Exporting Countries (Opec) forecast that the UAE’s economy will continue its robust performance in 2023, after recording a growth of 7.9 percent year-on-year in 2022. According to Opec’s Monthly Oil Market Report for August, this robust performance will be delivered through constant contributions from the non-oil sector, especially from tourism, leisure and ...

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• 10 August

  Chad-based UAE hospital treats 3,509 cases in its first month

  

  AMDJARASS / WAM The Amdjarass-based field hospital, established by the UAE to support Sudanese refugees in Chad, continues to provide its services, recording 3,509 cases treated in the first month since its inauguration. The hospital conducted 24 surgeries, while the cases treated comprise 1,897 adults and 1,612 children. The hospital is part of the UAE’s humanitarian, relief and medical aid ...

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• 10 August

  DCT Abu Dhabi, Air France-KLM partner to expand connectivity

  

  ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) on Thursday signed a memorandum of understanding (MoU) with Franco-Dutch airline group Air France-KLM, forging a strategic partnership that will enhance connectivity between Abu Dhabi and Europe, further positioning the emirate as a preferred tourist destination. The signing ceremony, held at the Louvre Abu ...

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• 10 August

  GWU, Maqta Gateway organise session for ATLG 5.0 interns

  

  ABU DHABI / WAM The General Women’s Union (GWU) and Maqta Gateway, a subsidiary of the AD Ports Group, jointly organised an induction session for interns of the fifth batch of the “ATLG” programme under the patronage of HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, Supreme ...

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• 10 August

  Enoc signs deal with Alsayer  to expand offering in Kuwait

  

  DUBAI / WAM Enoc Group, a leading integrated global energy player, have signed a memorandum of understanding (MoU) with Alsayer Group Parts & Logistics in line with the group’s wider strategy to further expand its lubricants network in the region. The agreement will see Alsayer expanding its product range in Kuwait to introduce technologically advanced products from Enoc, including industrial, ...

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• 10 August

  UAE explores partnerships with global institutions through meetings in US

  

  WASHINGTON / WAM A high-level delegation from the Government Experience Exchange Office showcased the UAE’s model for global capacity-building as well as foreseeing and shaping the future during a series of meetings in Washington, US. The Government Experience Exchange Programme is a knowledge-sharing platform aiming to transfer the UAE’s experience and best practices in the field of government development and ...

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• 10 August

  Fitch reaffirms ECI’s ratings at ‘AA-’ with stable outlook for fifth consecutive year

  

  DUBAI / WAM Fitch Ratings has reaffirmed Etihad Credit Insurance (ECI), the UAE’s Federal export credit company, with an ‘AA-’ (Very Strong) rating for Insurer Financial Strength (IFS) and Long-Term Issuer Default, both with stable outlooks. This rating reinforces ECI’s financial robustness, pivotal role in the UAE’s economic diversification, and its systemic importance in providing insurance to UAE-based businesses and ...

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• 10 August

  Sharjah Ruler appoints  Sheikha Bodour AUS’s BoT chair

  

  SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued Emiri Decree No (53) of 2023 concerning the Restructuring of the Board of Trustees of the American University of Sharjah (AUS). The decree stipulates that the AUS Board of Trustees will be chaired by Sheikha Bodour bint Sultan bin Mohammed ...

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• 10 August

  RBI asks banks to set aside more cash on poor auction response

  

  BLOOMBERG The Reserve Bank of India (RBI) asked lenders to set aside more cash, stepping up measures to drain liquidity in the financial system. Bank stocks fell. The central bank ordered lenders to set aside 10% of their incremental deposits garnered between May 19 and July 28, governor Shaktikanta Das said. The move will remove a little over one trillion ...

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• 10 August

  Museum of the Future to host experts talks, workshops

  

  DUBAI / WAM The Museum of the Future is set to host a diverse range of talks and interactive learning sessions during the month of August. The forthcoming Future Experts session will delve into topics such as digital health and AI-designed medication, whilst the hands-on workshops offer participants the opportunity to gain a deeper knowledge in a range of sectors ...

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