August, 2023

• 16 August

  AD Ports Group delivers 66% revenue growth in Q2 2023

  

  ABU DHABI / WAM AD Ports Group on Tuesday announced its financial results for the second quarter of 2023 (Q2’23), reporting revenue growth of 66 percent year-on-year (YoY) to AED 2.1 billion, driven by volume growth in key sectors, business diversification as well as local, regional, and international expansion both organically and through M&A. Revenue growth reached 44 percent YoY ...

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• 16 August

  UAE leaders congratulate President of India on Independence Day

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to Indian President Droupadi Murmu on the occasion of her country’s Independence Day, which is celebrated on August 15. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His ...

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• 16 August

  Dubai Airports raises AED950,000 for Dubai Cares in support of P2E

  

  DUBAI / WAM To mark International Youth Day, Dubai Airports has raised nearly AED950,000 in support of the ‘Passport to Earning’ (P2E) programme that was launched in partnership with Dubai Cares, Microsoft, Accenture and UNICEF at the RewirEd Summit during Expo 2020 Dubai. Operated by Generation Unlimited, a global multi-sector partnership that enables youth to become productive and engaged members ...

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• 16 August

  GMC consolidates UAE’s position as global capital of media industry: Dr Al Nuaimi

  

  ABU DHABI / WAM Dr Omar Al Nuaimi, Secretary-General of the Federal National Council (FNC), said that the second edition of the Global Media Congress (GMC), which will be held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, constitutes a global platform for shaping the ...

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• 16 August

  DP World to add 3 million TEU of new container handling capacity

  

  DUBAI / WAM DP World expects to add 3 million Twenty-Foot Equivalent Units (TEUs) of new container handling capacity by the end of the year, adding much needed infrastructure and capacity to boost global supply chain resilience. The global trade enabler currently manages approximately 9% of the world’s handling capacity, putting it among the top five global port operators. The ...

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• 16 August

  Sharjah Ruler approves 30% discount for students at SMA

  

  SHARJAH / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, approved a 30 percent discount for students who were not included in the scholarships at the Sharjah Maritime Academy (SMA).

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• 16 August

  AURAK joins world’s universities with ‘QS 5 Stars Plus’ rating

  

  RAS AL KHAIMAH / WAM The American University of Ras Al Khaimah (AURAK) has been awarded the QS 5 Stars Plus rating, placing it in the league of a handful of the world’s elite universities. It is the first university in the UAE to be awarded this highest rating. The award of the rating followed a rigorous and independent data ...

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• 16 August

  New industrial licences surge 16.6% in first year after Adis launch in 2022

  

  ABU DHABI / WAM Launched by HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu DhabiExecutive Council in June 2022, the Abu Dhabi Industrial Strategy (Adis) has accelerated the transformation of the emirate’s manufacturing sector, strengthening its position as the region’s most competitive industrial hub within its first year. Increased activity ...

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• 15 August

  Sheikh Khaled receives Sheikh Tahnoon at Adnoc HQ to review company’s role in advancing national economic growth

  

  ABU DHABI / WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, on Tuesday received HH Sheikh Tahnoun bin Mohammed Al Nahyan, Abu Dhabi Ruler’s Representative in Al Ain Region, during a visit to Adnoc’s headquarters to review the company’s efforts in advancing the growth of the ...

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• 15 August

  Yen weakens towards level that prompted September intervention

  

  BLOOMBERG Japan’s currency dropped towards a level that triggered the first yen-buying intervention since 1998 in September, prompting a top official to voice concern. Finance Minister Shunichi Suzuki said authorities are watching the currency’s trends with a high sense of urgency and will take steps if excessive moves are seen. His comments caused the yen to rise a bit, trading ...

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