July, 2023

• 20 July

  UAE-Türkiye Business Council holds its first meeting post-restructuring

  

  ABU DHABI / WAM The UAE-Türkiye Business Council held its first meeting post-restructuring in Abu Dhabi, chaired by Abdullah Humaid Al Hameli, CEO, Economic Cities and Free Zones, AD Ports Group. Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; and Prof Dr Omar Bolat, Turkish Minister of Commerce, attended the meeting. The council meeting discussed new ...

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• 20 July

  CBUAE, Dubai Police sign pact to boost cooperation mechanisms

  

  ABU DHABI / WAM The Central Bank of the UAE (CBUAE) and the Dubai Police signed a memorandum of understanding (MoU) to promote cooperation coordination and partnership in the field of information exchange related to financial crimes to achieve strategic common goals. The MoU was signed by Khaled Mohamed Balama, Governor of the Central Bank of the UAE, Chairman of ...

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• 20 July

  Dubai Foundation for Women and Children organises meeting for external clients

  

  DUBAI / WAM The Dubai Foundation for Women and Children (DFWAC) conducted a meeting for external clients from diverse nationalities to discuss strategies and implementable solutions that would enhance and improve the efficacy of care and rehabilitation services offered by the foundation to those who need them. The meeting touched on the strengths and weaknesses of the current services provided ...

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• 20 July

  Dubai records AED9.9 billion in weekly real estate transactions

  

  DUBAI / WAM A total of 3.030 real estate and properties transactions valued at AED9.9 billion were conducted during the week ending 20th July 2023,according to the Dubai Land Department (DLD). The DLD weekly report said that 378 plots were sold for AED3 billion, 2,124 apartments and villas were sold for AED5.13 billion. The top three transactions were a land ...

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• 20 July

  European stocks gain as Anglo American boosts miners

  

  BLOOMBERG European stocks gained, erasing an earlier decline, as Anglo American Plc helped lift the gauge while investors digested a slew of earnings reports. The Stoxx 600 Index gained 0.3% by on Thursday, with the basic resources sector leading gains, while tech stocks missed after Taiwan Semiconductor Manufacturing Co cut its outlook. Anglo American gained after the precious metals miner’s ...

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• 20 July

  Nasdaq futures slump after Netflix Inc dents tech shine

  

  BLOOMBERG A slide in tech behemoths soured the mood on Thursday as disappointing earnings cast doubt on the pillars of a record first-half for the Nasdaq 100 this year. Futures on the Nasdaq 100 fell 0.7% with Netflix Inc set for its biggest intraday decline since December after missing sales estimates and projecting third-quarter revenue that fell short of Wall ...

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• 20 July

  UAE participates in G20 Labour, Employment Ministers’ meeting

  

  DUBAI / WAM The UAE, represented by the Ministry of Human Resources and Emiratisation (MoHRE), will participate in the G20 Labour and Employment Ministers’ meeting hosted by India on 20 and 21 July 2023. The UAE is set to showcase its pioneering model in social security and legal coverage systems for new forms of work, including online jobs, as well ...

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• 20 July

  Masdar launches first $750 million 10-year Green Bond

  

  ABU DHABI / WAM Abu Dhabi Future Energy Company – Masdar – announced the successful completion of its first green bond issuance for US$750 million 10-year senior unsecured Notes today. The orderbook peaked at US$ 4.2 billion supported by heavy demand from regional and international investors, i.e. oversubscription of 5.6x. Pricing tightened 35bps between launch and final terms, with a ...

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• 20 July

  Sheikh Mohamed awards Order of Zayed to President Erdogan of Türkiye

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has conferred the Order of Zayed on Turkish President Recep Tayyip Erdogan during his official visit to the UAE. The Order of Zayed is considered the highest civilian honour granted by the UAE, and is bestowed upon world leaders and heads of state. The award bears ...

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• 20 July

  UAE-Türkiye partnership a driver of development across next decade: Turkish Ambassador

  

  ABU DHABI / WAM The tour of Recep Tayyip Erdogan, President of Türkiye, to Gulf Cooperation Council (GCC) countries, which includes a visit to the UAE, his first since his re-election, highlights Türkiye’s growing relations with the UAE and other GCC countries, said Tugay Tunçer, Ambassador of Türkiye to the UAE. In a statement to the Emirates News Agency (WAM), ...

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