July, 2023

• 14 July

  Sharjah Taxi transports over 2.7mn passengers in H1 2023

  

  SHARJAH / WAM Sharjah Taxi has transported over 2.7 million passengers during the first half of 2023, averaging 15,000 passengers per day. The company transported more than 102,000 passengers during the Eid al-Adha holiday period, a 20% increase over the previous year. The number of taxi users at Sharjah International Airport also reached a record high during Eid, with a ...

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• 14 July

  Bank earnings cap one week of almost ‘everything rally’

  

  BLOOMBERG It’s been a week when almost everything rallied — from emerging markets to global bonds and the S&P 500 — all buoyed by faith that the Federal Reserve is finally winning the fight against inflation. While trading was subdued as second-quarter earnings started to roll in, the week is ending with blockbuster gains across asset classes. The first batch ...

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• 14 July

  Retail investors turn to Japan stocks after missing out on rally

  

  BLOOMBERG Signs are emerging that Japanese retail investors are getting on the equity bandwagon after having largely missed out on a historic rally. Their buying could help Japanese stocks regain some of the upward momentum that was lost over the past two weeks due to a stronger yen and concerns the Bank of Japan will tweak policy later this month. ...

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• 14 July

  Khaled bin Mohamed bin Zayed chairs Abu Dhabi Executive Council meeting

  

  ABU DHABI / WAM His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has chaired a meeting of the council in which he approved the Abu Dhabi Family Wellbeing Strategy, the Public Nurseries Project, and the Abu Dhabi Climate Change Strategy. The council reviewed progress made ...

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• 13 July

  Qasr Al Watan opens its doors to students for educational tour

  

  ABU DHABI / WAM Qasr Al Watan opened its doors to 60 students from the Rabdan Academy for an educational tour. The tour is part of the academy’s ‘Jahzeen Ya Watan’ summer camp, which aims to empower future leaders by enriching their knowledge and soft skills. The students explored various zones within the palace, uncovering the rich tapestry of Emirati ...

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• 13 July

  Abu Dhabi Judiciary organises lecture: ‘Right to Self-Preservation’

  

  ABU DHABI / WAM The Abu Dhabi Judicial Department (ADJD) has organised an awareness lecture entitled “Right to Self-Preservation” at the Al-Khabisi Council in Al Ain, in coordination with the Abu Dhabi councils at the Citizens and Society Affairs Office in the Presidential Court. The lecture is a part of “Majlisna” initiative launched by the Judicial Department in implementation of ...

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• 13 July

  SCA, UBF join hands to boost asset management industry

  

  ABU DHABI / WAM The Securities and Commodities Authority (SCA) signed a memorandum of understanding (MoU) with the UAE Banks Federation (UBF) to foster mutual cooperation in developing the financial sector, establishing the UAE as a major attraction for asset and wealth management in line with the government’s aspirations for the next fifty years, and ensuring the sustainable growth of ...

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• 13 July

  UAE ministry concludes ‘Operation Chivalrous Knight 2’ in Syria, Türkiye

  

  ABU DHABI / WAM The Joint Operations Command of the Ministry of Defence has announced the successful completion of “Operation Chivalrous Knight 2” in Syria and Türkiye following the devastating earthquake that hit both countries on February 6. Carried out under the guidance of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, this comprehensive operation spanned over five ...

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• 13 July

  UAE leaders congratulate President of Montenegro on Independence Day

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Jakov Milatović of Montenegro, 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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• 13 July

  Boeing delivered 60 jets in June despite supplier’s strike

  

  BLOOMBERG Boeing Co delivered 60 jets in June, including 49 of its best-selling 737 models, beating analyst expectations even as it contended with a strike at a key supplier and manufacturing defects. The tally boosted the US planemaker’s total handovers for the second quarter to 136 jets, 12% more than a year earlier. Analysts had expected Boeing to deliver about ...

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