August, 2023

• 25 August

  UAE leaders congratulate President of Uruguay on Independence Day

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Luis Lacalle Pou of Uruguay 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 ...

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• 25 August

  Rabdan Academy, Australia’s university forge partnership

  

  ABU DHABI / WAM Rabdan Academy and Australia’s Monash University have signed a memorandum of understanding to strengthen strategic cooperation in research and education between the two institutions. This partnership provides a comprehensive framework for research and academic cooperation on topics and areas of mutual interest. It also facilitates the exchange of educational materials, expertise, and experiences, contributing to enhancing ...

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• 25 August

  Financial, realty blue chips continue to drive UAE stock markets

  

  ABU DHABI / WAM The UAE stock markets continued to capitalise on improved investor sentiments, with blue-chip industrial, banking and real estate stocks leading the gainers in the capital’s bourse, with financials, industrials, and communication services driving the Dubai Financial Market, with both ending the session up 0.453% and 0.176% respectively. In Abu Dhabi, Index FADGI closed at 9,771.420 pts, ...

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• 25 August

  Dewa’s R&D Centre files patent for innovative device

  

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa)’s Research and Development Centre (R&D) has filed a new patent on an innovative device that enhances the process of melting and extruding raw metal materials to the construction platform. The device also maintains the optimum temperature required to handle raw metal materials in 3D printing. It also improves the performance of ...

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• 25 August

  Stocks set for weekly gain as traders await Fed Chair Powell

  

  BLOOMBERG US futures and European stocks clocked mild gains on Friday as investors awaited Federal Reserve Chair Jerome Powell’s speech from Jackson Hole. Contracts on the S&P 500 gained 0.3%, signalling respite for underlying equities after August 24’s decline. Europe’s Stoxx 600 extended its first weekly advance in four. Commodity shares led gains as oil and iron ore prices climbed. ...

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• 25 August

  RBI’s currency policy risks sparking attack on rupee, says ANZ

  

  BLOOMBERG India’s central bank’s policy to keep the rupee stable at weaker levels may make the currency vulnerable to speculative attacks in case of large risk events, according to Australia & New Zealand Banking Group Ltd. Policymakers are focused on bolstering manufacturing and exports, but it’s not without costs, economists Dhiraj Nim and Sanjay Mathur wrote in a note. “Persistent ...

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• 24 August

  UAE leaders congratulate President of Ukraine on Independence Day

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Volodymyr Zelenskyy of Ukraine 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 Al ...

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• 24 August

  Under patronage of Sheikh Khaled, 15th Abu Dhabi World Professional Jiu-Jitsu Championship to begin from Nov 1-11

  

  ABU DHABI / WAM Under the patronage of HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, the 15th edition of the Abu Dhabi World Professional Jiu-Jitsu Championship will take place at Mubadala Arena in Zayed Sports City from November 1-11. The competition is being organised by the ...

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• 24 August

  FAB, Magnati collaborate with Geidea to accelerate digital payments in Saudi

  

  ABU DHABI / WAM First Abu Dhabi Bank (FAB) and Magnati have joined forces in a strategic alliance with Geidea, Saudi Arabia’s largest fintech company, to provide digital payment acceptance services for businesses in the Kingdom. The collaboration has the potential to be transformative in the Saudi payments space and is set to create exceptional value for clients, bridging the ...

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• 24 August

  Al Asoomi: UAE’s COP28 hosting  testament to world’s recognition of its role in climate action 

  

  CAIRO / WAM Adel bin Abdul Rahman Al Asoomi, President of the Arab Parliament, said the hosting of the 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC) is a testament to the world’s recognition of its role, global leadership and relentless efforts to preserve a safe and sound international environment and work ...

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