May, 2023

• 22 May

  JPMorgan boosts interest outlook on First Republic deal

  

  BLOOMBERG  JPMorgan Chase & Co boosted its outlook for the boon from higher interest rates after its purchase of First Republic Bank. The biggest US bank raised its guidance for net interest income this year to $84 billion, excluding its trading business, up from a previous forecast of $81 billion, according to an Investor Day presentation on its website. The ...

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• 22 May

  President of UAE extends COP28 invite to Costa Rican counterpart

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has written to Rodrigo Chaves, President of the Republic of Costa Rica, with an invitation to the COP28 climate change conference to be held at Expo City Dubai in November. The invitation was presented to President Chaves by Rawdha Alotaiba, UAE ambassador to Costa Rica, at ...

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• 22 May

  UAE council, Egypt’s EEBC ink pact to enhance cooperation

  

  CAIRO / WAM The UAE International Investors Council (UAEIIC) has signed a memorandum of understanding (MoU) with the Egyptian-Emirati Business Council (EEBC) to enhance the existing investment partnerships. The MoU also aims at creating more investment opportunities in the sectors of the new economy, green projects, recycling, clean projects, the technological sector, new digital technologies and other areas of common ...

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• 22 May

  Bodour Al Qasimi wins prestigious regional award

  

  DUBAI / WAM Sheikha Bodour bint Sultan Al Qasimi, the President of the American University of Sharjah (AUS), has been honored as one of Fast Company Middle East’s Most Creative People in Business 2023, specifically recognised in the “Bringing Good Things to More People” category. Expressing her gratitude upon receiving the award, Sheikha Bodour humbly acknowledged the recognition, expressing surprise ...

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• 22 May

  Sharjah Sustainable City to unveil final phase of new villas

  

  SHARJAH / WAM Sharjah Sustainable City — the first sustainable master-planned residential community developed by Sharjah Investment and Development Authority (Shurooq) in partnership with Diamond Developers, has announced the launch of its final phase during the Sharjah Real Estate Exhibition (Acres 2023), offering investors the last opportunity to own world-class villas in the eco-friendly development. The launch of the final ...

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• 22 May

  UAE leaders wish Chairman of Presidential Leadership Council in Yemen on National Day

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to Dr Rashad Al Alimi, Chairman of the Presidential Leadership Council in Yemen, on the occasion of his country’s National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of ...

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• 22 May

  Dubai’s Dewa, South Korea’s WeGo discuss collaboration

  

  DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), welcomed a high-level delegation from World Smart Sustainable Cities Organisation (WeGO). The delegation included Jung Sook Park, WeGO Secretary-General, and Eunbyul Elena Cho, Head of Programme Department. The visit aimed to discuss cooperation in urban sustainability, smart technologies and innovative solutions, to achieve ...

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• 22 May

  Abu Dhabi, Norway to boost cooperation in judicial areas

  

  ABU DHABI / WAM The Abu Dhabi Judicial Department (ADJD) received a delegation from the Kingdom of Norway and discussed developing a partnership and exchanging experiences with the specialised legal and judicial institutions of Norway to strengthen the cooperation that will help consolidate the foundations of justice and the rule of law, and enhance security, and social and economic stability ...

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• 22 May

  Abu Dhabi welcomes MY.GAMES as its first Mena base

  

  ABU DHABI / WAM AD Gaming has expanded its gaming ecosystem by welcoming MY.GAMES to Abu Dhabi, marking the latest multinational gaming business to select the emirate as its regional hub. Headquartered in Amsterdam, MY.GAMES is a leading publisher and developer of mobile, PC, and console games, with over one billion registered users worldwide. In establishing its first Mena base ...

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• 22 May

  DDE, Sotheby’s to unveil world’s largest ruby, pink diamond

  DUBAI / WAM DMCC, the flagship free zone and government of Dubai Authority on commodities trade and enterprise, has hosted the unveiling of two extraordinary gemstones at its Dubai Diamond Exchange (DDE). The gems were unveiled by Sotheby’s and will be available at auction in New York on June 8. The first gemstone was the Estrela de FURA — a ...

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