August, 2023

• 3 August

  LSE shares fall on signs of faltering growth in first half

  

  BLOOMBERG London Stock Exchange (LSE) Group Plc shares had their worst fall of the year after the firm reported slowing growth in subscription revenue, even as it said income will rise at the high end of its guidance during 2023. The bourse reported adjusted operating profit of £1.4 billion ($1.8 billion) for the first half of the year, compared with ...

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• 3 August

  Treasury rout unnerves traders as stocks retreat

  

  BLOOMBERG Treasuries deepened a selloff, driving the 10-year yield to a nine-month high, and equities slumped as investors grew increasingly worried about rising borrowing costs. European stocks fell 0.8% and US equity futures contracts signaled that the S&P 500 will extend on August 2 losses. The dollar strengthened for a fourth day. Bill Ackman, founder and chief executive officer of ...

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• 3 August

  Tecom H1 2023 revenue surpasses AED1 billion

  

  DUBAI / WAM Tecom Group, the creator of specialised business districts and vibrant communities, on Wednesday announced its financial results for the second quarter (Q2) and the first half of the year (H1) ending on June 30. The group delivered a strong performance driven by sustained high occupancy levels across its diverse, high-quality portfolio, reporting a 6% year-on-year (YoY) increase ...

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• 3 August

  OERC, Jindal partner to establish sustainable logistics solution

  

  ABU DHABI / WAM Oman and Etihad Rail Company (OERC) signed a Memorandum of Understanding (MoU) with Jindal Shadeed Iron & Steel (Jindal), a leading integrated steel producer in the GCC, to establish a sustainable end-to-end transport logistics solution between Jindal’s steel complex at Sohar Port and the United Arab Emirates (UAE), via the UAE-Oman Rail Network. As part of ...

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• 3 August

  UAE President and Jordanian King discuss bilateral relations, regional developments

  

  AMMAN / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met on Wednesday with His Majesty King Abdullah II bin Al Hussein of Jordan to review bilateral ties and explore opportunities to further strengthen the longstanding partnership between the two nations.The two leaders also discussed a number of regional and international developments. The meeting took place at ...

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• 1 August

  UAE sends ship carrying 250 tonnes of aid to Ukraine

  

  ABU DHABI / WAM The UAE dispatched a ship carrying 250 tonnes of relief aid to support those affected by the crisis in Ukraine, as part of its ongoing humanitarian efforts to ease the suffering of Ukrainians. The aid shipment, which includes personal supplies, lighting equipment and blankets, will arrive in Poland and Romania by sea before being transported into ...

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• 1 August

  COP28 Presidency, UN body on climate change sign Host Country Agreement

  

  ABU DHABI / WAM   The COP28 Presidency and  the United Nations Framework Convention on Climate Change (UNFCCC) have officially signed the Host Country Agreement, strengthening their joint commitment to inclusivity and transparency at COP28 that fosters solidarity and transformative progress across the climate agenda. The agreement was signed by Dr Sultan bin Ahmed Al Jaber, Minister of Industry and ...

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• 1 August

  

  ABU DHABI / WAM His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has met with ExxonMobil Chairman and Chief Executive Officer Darren Woods in Abu Dhabi. During the meeting, His Highness and Woods discussed existing partnerships in the energy sector, as well as new opportunities for ...

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• 1 August

  UAE President sends official COP28 invite to his Nepalese counterpart

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a written letter to President Ram Chandra Poudel of Nepal, which included an invitation to the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28), which will be held in Expo City Dubai this November. The letter was delivered ...

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• 1 August

  Abu Dhabi’s MBZUH attracts students from 30 countries

  

  ABU DHABI / WAM Mohamed bin Zayed University for Humanities has seen a remarkable influx of students from 30 different countries pursuing bachelor’s, master’s, and doctoral degrees across a diverse range of academic programmes offered at the university. The growing number of foreign students underscores its continuous growth and strong international reputation for delivering distinguished academic programmes in Humanities, Social ...

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