June, 2023

• 12 June

  Masdar signs roadmap for 1GW wind project in Kazakhstan

  

  ABU DHABI / WAM Abu Dhabi Future Energy Company — Masdar has signed a roadmap for developing up to 1 gigawatt (GW) wind power plant in Kazakhstan to support the country’s goal of achieving half its energy mix from renewables by 2050. The Central Asian country is a key strategic market for Masdar, the UAE’s flagship renewable energy company, which ...

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• 12 June

  UAE sends urgent relief supplies to affected people by Mayon Volcano in Philippines

  

  ABU DHABI / WAM The UAE sent a plane carrying 51 tonnes of relief and food supplies to help thousands of people affected by the Mayon Volcano in Albay Province in the Philippines, which caused landslides and lava flows and displaced thousands of people, mostly children, women, and the elderly. The UAE’s rapid response to provide relief to Albay Province ...

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• 12 June

  UAE, South Korea discuss strengthening of economic cooperation

  

  ABU DHABI / WAM Abdullah bin Touq Al Marri, Minister of Economy, held a bilateral meeting with Lee Young, Minister of SMEs and Startups of Republic of Korea, to explore the strengthening of cooperation in promoting entrepreneurship and supporting the growth of small and medium enterprises in the two countries’ markets. The meeting took place as part of the K-Business ...

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• 12 June

  Dewa CEO, Singapore official discuss to boost cooperation

  

  DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), has welcomed Raziff Aljunied, Consul-General of the Republic of Singapore to Dubai, as part of the diplomatic and consular visits to Dewa. The two sides discussed ways to enhance cooperation in the renewable and clean energy, water, and infrastructure sectors. Al Tayer emphasised ...

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• 12 June

  Rakez, Ukrainian Business Council ink pact to strengthen investment opportunities

  

  RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez) and the Ukrainian Business Council (UBC) signed a strategic agreement to boost economic collaboration, paving the way for greater investment prospects, and further strengthening the bilateral ties between the UAE and Ukraine. The Memorandum of Understanding (MoU) was signed by Rakez’s Chief Government & Corporate Relations Officer Yaser Abdulla ...

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• 12 June

  Sharjah’s wheat first product to get ‘Made in the UAE’ mark

  

  SHARJAH / WAM “Sabaa Sanabel” flour, made from the wheat indigenously produced in Emirate of Sharjah, has clinched a new laurel becoming the first national product to obtain the “Made in the UAE” mark.The ‘Sabaa Sanabel’ wheat flour has met the highest quality and safety standards in force in the UAE, boosting its competitiveness in the market and earning the ...

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• 12 June

  UAE, Ukraine discuss developments related to humanitarian situation

  

  KIEV / WAM President Volodymyr Zelenskyy of Ukraine has received Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, who is leading a UAE delegation on an official visit to Ukraine. Almheiri conveyed to the Ukrainian President the greetings of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan; His Highness Sheikh Mohammed bin Rashid Al Maktoum, ...

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• 12 June

  UAE foreign minister, Japan’s minister of economy explore strategic partnership

  

  TOKYO / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, has discussed with Yasutoshi Nishimura, Japan’s Minister of Economy, Trade and Industry, means of developing joint cooperation and strategic partnership between the UAE and Japan as part of both countries efforts to achieve sustainable economic growth. During the meeting, which was held in Tokyo, both sides ...

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• 12 June

  Chinese yuan weakens to 7.1212 against US dollar

  

  BEIJING / WAM The central parity rate of the Chinese currency renminbi, or the yuan, weakened 97 pips to 7.1212 against the US dollar on Monday, state media Xinhua quoted the China Foreign Exchange Trade System as saying. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate ...

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• 12 June

  Winning streak for Japan stocks may lose steam towards year-end

  

  BLOOMBERG The rally in Japanese stocks that pushed the nation’s blue-chip gauge ahead of the world’s other major benchmarks this year could slow down. The Nikkei 225 Stock Average will rise about 1% from current levels to 32,750 by year-end, according to the median estimate of six responses in a Bloomberg News survey. While that would lift the Nikkei to ...

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