July, 2023

• 11 July

  ERC honours Syrian Arab Red Crescent volunteers

  

  ABU DHABI / WAM The Emirates Red Crescent (ERC) has organised a “Knights of Humanity” event to honour the volunteers of the Syrian Arab Red Crescent in four Syrian provinces. The ERC’s move is part of Operation Gallant Knight 2, launched by the Joint Operations Command of the Ministry of Defence. It aimed to recognise the UAE’s continuous humanitarian and ...

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• 11 July

  Dubai records AED2.2b in realty deals on Monday

  

  DUBAI / WAM Dubai real estate market recorded 602 sales transactions worth AED1.86 billion, in addition to 104 mortgage deals of AED244.26 million, and 18 gift deals amounting to AED108.8 million on Monday, data released by Dubai’s Land Department (DLD) showed. The sales included 513 villas and apartments worth AED1.18 billion, and 89 land plots worth AED682.89 million. The mortgages ...

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• 11 July

  UAE Rulers wish Bahamas Governor-General on Independence Day

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to the Governor-General of the Commonwealth of the Bahamas Cornelius Alvin Smith 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, ...

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• 11 July

  South Korean firm to establish Abu Dhabi HQ with Adio support

  

  ABU DHABI / WAM Neoply, a leading South Korean blockchain technology company, will establish its global headquarters in Abu Dhabi with support from the Abu Dhabi Investment Office (Adio), underscoring the UAE capital’s appeal as a magnet for innovation-driven companies. Neoply is joining Adio’s Innovation Programme, which supports the growth of tech-focused industries in the UAE capital. Neoply provides a ...

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• 11 July

  UAE VPs congratulate Prime Minister of East Timor on his appointment

  

  ABU DHABI / WAM 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 Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, have sent a message of congratulations to Xanana Gusmão on the occasion of his appointment as Prime ...

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• 11 July

  Dewa discusses ways to strengthen cooperation with French firms

  

  DUBAI / WAM Saeed Mohammed Al Tayer, CEO of Dubai Electricity and Water Authority (Dewa), inaugurated an online webinar organised by Dewa to introduce 61 French companies to the business and investment opportunities presented by Wetex and DSS. The event was attended by Axel Baroux, the French Trade and Invest Commissioner, and Regional Director of Business France in the Middle ...

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• 11 July

  Kezad signs pact with Global Fluorine for factory expansion

  

  ABU DHABI / WAM Khalifa Economic Zones Abu Dhabi – Kezad Group, the largest operator of integrated and purpose-built economic zones in the UAE, on Monday announced that it has signed an agreement with its client Global Fluorine Chemical Factory LLC (GFCF) for the establishment of its phase two in Kezad Mussafah, which will allow the company to triple its ...

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• 11 July

  UAE, Mongolia discuss elevating trade, investment relations

  

  ULANBATAAR / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, headed a UAE delegation to the Mongolia Economic Forum in Ulaanbaatar, where he met senior government officials to strengthen economic collaboration and foster investment flows between the two nations. During the two-day event, Dr Al Zeyoudi held bilateral meetings with Ch Khurelbaatar, Mongolia’s Deputy Prime ...

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• 10 July

  Omega raises luxury watch prices 8% as other brands struggle, says Morgan Stanley

  

  BLOOMBERG Omega, the Swiss watch brand known for its Speedmaster and Seamaster models, raised prices by as much as 8% in a move that could hurt sales, according to investment bank Morgan Stanley. Omega recently raised prices by 2% in Switzerland and China, as well as by 8% in the US, the biggest export market for Swiss timepieces, Morgan Stanley ...

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• 10 July

  BuyBuy Baby stores to go dark after bankruptcy auction falters

  

  BLOOMBERG BuyBuy Baby’s stores will shut down after the baby brand — once cast as Bed Bath & Beyond Inc’s prized asset — garnered no adequate going-concern bids in a bankruptcy auction, according to court papers. New Jersey-based baby goods company Dream on Me Industries Inc won a bankruptcy auction for BuyBuy Baby’s intellectual property last month, but advisers kept ...

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