June, 2023

• 8 June

  Barakah plant’s Unit 4 set for operational readiness test

  

  ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec) has announced that Unit 4, the fourth and final unit at the Barakah Nuclear Energy Plant in Abu Dhabi, has begun its operational readiness preparations. The operations team at Barakah have now commenced the operational readiness testing required to demonstrate the unit is ready to receive the Operating License from ...

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• 8 June

  Mohammed bin Rashid honours 16 entities leading in CSR with Community Impact Medal

  

  ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, witnessed the honouring of a number of companies leading in Corporate Social Responsibility (CSR), in recognition of their important role in consolidating sustainability practices. His Highness Sheikh Mohammed stressed the importance of strengthening and organising Corporate Social ...

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• 8 June

  Sheikh Mohammed issues decrees on boards of Dubai Real Estate Corporation, Dubai Judicial Institute

  

  DUBAI / WAM  His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued Decree No (22) of 2023 on the Board of Directors of the Dubai Real Estate Corporation. As per the Decree, the Corporation’s Board is chaired by HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, with ...

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• 8 June

  Standard Chartered to sell Zimbabwe unit locally to FBC

  

  BLOOMBERG  Standard Chartered Plc agreed to sell its Zimbabwe business to the country’s FBC Holdings Ltd as it presses ahead with plans to exit seven markets in Africa and the Middle East. The emerging markets-focussed bank will transfer 100% of its shareholding in the unit, including the custodial services business, to FBCH, as the investment holding company is known. FBCH ...

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• 8 June

  China’s big four state banks to slash dollar deposit rates

  

  BLOOMBERG  China’s four big state lenders have effectively cut dollar deposit rates, according to people familiar with the matter, at a time when strong demand for the US currency in the banking system helped push the yuan to a six-month low. The banks have lowered the ceiling on the rates — which are a spread over the US Secured Overnight ...

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• 8 June

  UAE signs air services agreement with Peru

  

  LIMA / PERU / WAM The UAE and the Republic of Peru signed an air services agreement, with Mohammed Abdullah Al Shamsi, UAE ambassador to the Republic of Peru, signing on behalf of the UAE and Gervasi Díaz, Minister of Foreign Affairs, representing Peru. This agreement will open new horizons for cooperation between the two countries and promote intra-trade. Al ...

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• 8 June

  Abu Dhabi’s Mubadala, SailGP embark on new partnership

  

  LONDON / WAM SailGP, the world’s most exciting race on water, has announced a new partnership with Mubadala Investment Company, an Abu Dhabi-based international investor, as Global Series Partner. This collaboration brings together two leading-edge organisations, building on Mubadala’s successful two-year tenure as the SailGP Season Grand Final title partner in San Francisco. The new partnership extends for the next ...

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• 8 June

  RBI eyes monsoon impact on inflation with policy hold

  

  BLOOMBERG  The Reserve Bank of India (RBI) left its key interest rate unchanged for a second meeting and retained its tightening stance, signalling rate-setters want to see inflation moderating further while weaker monsoon risks remain a concern. A six-member monetary policy committee voted unanimously to keep the benchmark repurchase rate at 6.50%. All 40 economists in a Bloomberg survey predicted ...

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• 8 June

  ADX, Luxembourg Stock Exchange sign agreement

  

  ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) and Luxembourg Stock Exchange (LuxSE) signed a memorandum of understanding (MoU), to establish a framework for cooperation between the two institutions. The MoU aims to facilitate the dual listing of a broad range of financial instruments, maximise access to European, Middle Eastern, and international investors, expand pre- and post-listing services, provide ...

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• 8 June

  18th Conference of Youth to be held in UAE in November

  

  BONN / WAM The Arab Youth Centre, the American University of Sharjah (AUS), and New York University Abu Dhabi’s Green House are honoured to announce their selection as official co-hosts for the upcoming 18th edition of the Conference of Youth (COY18). To be held in November in the UAE in the lead-up to the United Nations Climate Change Conference of ...

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