October, 2023

• 23 October

  Dubai all set to host ‘Arab Health 2024’ in January

  

  DUBAI / WAM Dubai is set to host the 2024 edition of Arab Health from January 29 to February 1 2024, with an expanded site and a growing international presence. The event is expected to welcome a global audience with over 3,450 exhibitors and over 110,000 healthcare professional visits from 180 countries. The event will take place over an extended …

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• 23 October

  TDRA unveils ‘GovSign’ initiative

  

  ABU DHABI / WAM The Telecommunications and Digital Government Regulatory Authority (TDRA) has launched the “GovSign” initiative, tailored for the management and approval of documents and correspondence addressed to federal government entities integrated with the Federal Network (FedNet) on the digital government platform. Unveiled during Gitex, the new initiative introduced by TDRA features an automated system for digital document authentication …

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• 23 October

  Abu Dhabi Government wraps up participation at Gitex Global 2023

  

  DUBAI / WAM The Abu Dhabi Government concluded its participation in GITEX Global 2023, the world’s largest tech and start-up exhibition held at Dubai World Trade Centre from 16-20 October. 26 innovative projects were launched at the event, alongside 52 agreements and Memorandums of Understanding (MoUs) signed with a wide range of key digital partners. The Abu Dhabi Government pavilion …

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• 23 October

  Dubai Future Fellowship holds  workshop to explore solutions

  

  DUBAI / WAM Dubai Future Foundation (DFF) hosted a workshop to explore how to inspire the private sector to find creative solutions to challenges facing local industries and transform them into opportunities as part of the Dubai Future Fellowship Programme. The programme, which was launched by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman …

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• 23 October

  Speculation over BOJ policy move continues to build with weak yen

  

  BLOOMBERG Speculation that the Bank of Japan (BOJ) will make some kind of policy move this month continues to build with the weak yen, higher bond yields and stronger-than-expected inflation fueling the market chatter. A report by the Nikkei business daily helped feed the growing expectations of possible BOJ policy action at its board meeting ending on October 31. The …

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• 23 October

  Yen breaches 150 per dollar again, raising intervention risk

  

  BLOOMBERG The yen briefly weakened beyond 150 against the dollar again as the wide yield gap between Japan and the US continues to weigh on this year’s worst-performing major currency. It touched 150.11 per the greenback in early Asian trading on Monday before quickly recovering amid weight from options-related dollar selling and suggestions of algorithmic transactions. It was little changed …

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• 23 October

  European stocks fall as 10-year yield on Treasuries hit 5 percent

  

  BLOOMBERG European stocks fell as the 10-year yield on Treasuries hit 5% for the first time since 2007. Europe’s Stoxx 600 index sank 0.4% and S&P 500 equity futures edged lower. The yield on the US 10-year note rose nine basis points as investors bet signs of a strong economy will keep interest rates higher for longer. Oil slipped to …

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• 23 October

  Uber of Asia’s 70% tumble shows limits of Singapore’s tech dream

  

  BLOOMBERG In the ballroom of the five-star Shangri-La Singapore hotel, Anthony Tan celebrated a triumph for the country’s up-and-coming tech scene. “Today we shine a spotlight on Southeast Asia!” he told the adoring crowd. His company, Grab, the region’s answer to Uber, was about to make its stock market debut. Tan had launched Grab Holdings Ltd in 2012, just as …

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• 23 October

  Abu Dhabi Fund for Development inaugurates Gudule general hospital in South Sudan

  

  ABU DHABI/ WAM Abu Dhabi Fund for Development (ADFD) participated in the inauguration ceremony of the Gudule General Hospital in Juba, South Sudan. The AED36.73 million (US$10 million) project was funded by ADFD from a UAE development grant. This initiative aims to support the healthcare sector in South Sudan by establishing a 60-bed hospital containing modern equipment to meet the …

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• 23 October

  UAE participates in first GCC-China economy and trade ministerial conference to advance joint efforts

  

  GUANGZHOU/ WAM Abdulla bin Touq Al Marri, Minister of Economy, participated in the first GCC-China economy and trade ministerial conference held in Guangzhou, China, in the presence of Jasem Mohamed AlBudaiwi, GCC Secretary General, ministers of economy and trade of GCC countries, and Wang Wen Tao, Chinese Minister of Trade. Bin Touq said that under the guidance of its wise …

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