July, 2023

• 13 July

  Rakez empowers businesses through networking events

  

  RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez) is committed to fostering connections and driving growth in the emirate. The economic zone regularly organises networking events across industries, recognising the power of working together in today’s ever-changing business landscape. These networking events serve as regular platforms for businesses to meet, exchange ideas, and unlock new possibilities. The ...

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• 13 July

  UAE ministry concludes its participation in G20 Education Working Group meeting

  

  ABU DHABI / WAM The Ministry of Education (MoE) concluded its participation in the G20 Education Working Group meeting, the premier forum for international economic cooperation. The meeting was hosted by the Republic of India under the theme “One Earth, One Family, One Future.” Dr Ahmad Belhoul Al Falasi, Minister of Education, and his accompanying delegation, participated in the Education ...

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• 13 July

  Ethmar reports AED421m increase in net profit for H1

  

  ABU DHABI / WAM Ethmar International Holding (EIH) has recorded significant profits in the first half of 2023 to bolster its position as a leading holding company, reporting an increase in net profit, reaching AED445 million at the end of the first half of the year 2023, compared to approximately AED24 million during the same period last year, an increase ...

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• 13 July

  Sheikh Hamdan receives top-achieving high school students from Al Dhafra

  

  AL DHAFRA / WAM HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, has received the top-achieving high school students from Al Dhafra Region for the 2022-2023 academic year. Sheikh Hamdan congratulated the students and their families for their achievements, emphasising the leadership’s focus on education and keenness to empower students to fulfil their potential and ...

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• 13 July

  Sharjah Ruler directs municipalities’ heads to make daily tours, greenlights AED19 million for park walls renewal

  

  SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, directed the heads of municipalities in the emirate of Sharjah to carry out daily field tours, before starting their works, to find out the needs of the public in all fields. The Sharjah Ruler also directed AED19 million to fund the renewal ...

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• 13 July

  Stocks extend rally as mood sinks dollar to 15-month low

  

  BLOOMBERG The risk-on mood in markets stretched into another day as stocks climbed and the dollar weakened to a 15-month low. European shares extended the rally, which saw the Stoxx 600 Index surge 1.5%. Swatch Group AG, the maker of Omega and Longines watches, jumped more than 6% as China’s reopening fueled a rise in profits. Watches of Switzerland Group ...

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• 13 July

  Chinese tech stocks advance as signs of official support grow

  

  BLOOMBERG China’s tech stocks gained for a fourth day in Hong Kong as growing signs that the government’s long crackdown on the sector is finally over bolstered investor confidence. The latest leg of the rally came after Chinese Premier Li Qiang met with senior executives from country’s leading tech firms and urged local governments to provide more support to the ...

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• 13 July

  UAE President receives phone call from UN Secretary-General

  

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received a phone call from António Guterres, Secretary-General of the United Nations. Guterres expressed his appreciation for the UAE’s active contribution to progress in key regional and global areas. His Highness and the UN Secretary-General underscored the importance of the Black Sea Grain Initiative and reviewed ongoing ...

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• 12 July

  UAE leaders congratulate President of Sao Tome and Principe on Independence Day

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Carlos Manuel Vila Nova of the Democratic Republic of Sao Tome and Principe, 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 ...

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• 12 July

  Yahsat to invest $100m in 2023 in T4-NGS satellite programme

  

  ABU DHABI / WAM Ali Al Hashemi, CEO of Yahsat Group, has announced that the company expects to allocate over $100 million this year for capital expenditures as part of the “T4-NGS” satellite programme. The programme, the next-generation telecommunications system for Thuraya, is scheduled to begin operational service in H1 2025 with a total cost of up to $550 million, ...

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