July, 2023

• 20 July

  Adib achieves significant ESG rating upgrade by Sustainalytics

  

  DUBAI / WAM Abu Dhabi Islamic Bank (Adib) has achieved an upgrade to its environmental, social, and governance (ESG) risk score by Sustainalytics, one of the world’s leading ESG rating agencies. Adib’s overall Sustainalytics ESG risk score has improved from 34.25 in 2022 to 29.6 in 2023, reflecting a significant leap that transitioned Adib from the ‘high risk’ category to ...

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• 20 July

  DXB receives ACI accessibility accreditation for inclusive travel

  

  DUBAI / WAM Dubai International (DXB) has received accreditation from the Airports Council International (ACI) under its Accessibility Enhancement Accreditation Programme, a first-of-its-kind initiative that recognises global airports’ commitment to accessible travel operations. The certification acknowledges DXB’s ongoing prioritisation of a safe and inclusive airport experience for passengers with physical and hidden disabilities. This aligns with the 2019 ACI World ...

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• 20 July

  Sheikh Mohammed attends 18th Consultative Meeting of leaders of GCC in Saudi Arabia

  

  JEDDAH / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, arrived on Wednesday in Jeddah to attend the 18th Consultative Meeting of the leaders of the Gulf Cooperation Council (GCC). His Highness is leading the UAE delegation to the meeting, which commenced on Wednesday. His Highness and ...

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• 20 July

  UAE’s ‘Operation Chivalrous Knight 2’ shows humanitarian bonds with Türkiye

  

  ABU DHABI / WAM The successful completion of “Operation Chivalrous Knight 2” underscores the strong bonds between the UAE and Türkiye, as the UAE provided vital relief and support following the devastating earthquake that struck Türkiye on February 6. Under the guidance of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the operation exemplifies the UAE’s commitment to benevolence, ...

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• 20 July

  Dewa launches new lab at its power division complex

  

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has inaugurated a new Disruptive Lab at its Distribution Power Division Complex in Al Ruwayyah. Dewa Disruptive Lab (DDL) was opened by Rashid bin Humaidan, Executive Vice President of Distribution Power at Dewa, and other Dewa officials. DDL is a new hub to implement Dewa’s Innovation and Future Shaping Framework. It ...

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• 20 July

  Arada launches Saro, seventh and final phase of Masaar

  

  SHARJAH / WAM Arada has launched Saro, the seventh and final phase of Masaar, the mega-residential woodland project in the Al Suyoh district of New Sharjah.The release of the last 597 homes comes as investor interest in the nature-inspired homes and award-winning master plan of the project has risen strongly, with 813 villas and townhouses valued at AED2.34 billion sold ...

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• 20 July

  Dubai chamber hosts green finance, investment prospects webinar

  

  DUBAI / WAM Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has hosted a webinar focusing on Green Finance and Investment Opportunities. Held by the chamber’s Centre for Responsible Business as part of its new Sustainability Knowledge Series, the engaging online session attracted a total of 216 participants. The webinar provided valuable insights and guidance ...

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• 20 July

  Local funds cash out as Indian stocks scale record highs

  

  BLOOMBERG Domestic institutional investors are on track for their biggest monthly exodus from Indian stocks in two-and-a-half years, another warning sign on the longevity of the record rally in the $3.7 trillion market. Local funds, insurers and banks have sold a net $1.1 billion worth of shares so far in July, the most since February 2021, according to data compiled ...

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• 20 July

  Pound falls as inflation in Britain cools; stocks climb

  

  BLOOMBERG The pound weakened and global bonds rallied after inflation in Britain slowed more than expected, reviving speculation about how many more times the Bank of England (BOE) will increase interest rates. Stocks in the UK and Europe advanced. The UK Consumer Prices Index was 7.9% higher than a year ago in June, a sharp drop from the 8.7% reading ...

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• 20 July

  Ministry organises 11th National Dialogue for Climate Ambition

  

  DUBAI / WAM Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, witnessed the launch of the 11th National Dialogue for Climate Ambition, organised by the Ministry under the slogan “Accelerating the Shift; Decarbonising Ground Mobility” in collaboration with Emirates Driving Company. The 11th edition of the dialogue targets the transport sector and enhances its sustainability and participation ...

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