May, 2023

• 18 May

  Sharjah Livestock Market welcomes 150,000 visitors in Q1

  

  SHARJAH / WAM Sharjah Livestock Market, a project of Sharjah Asset Management Company, the investment arm of the government of Sharjah, received 150,000 visitors during the first quarter of 2023, marking an increase of 40% compared to the same period in 2022. These statistics endorses the market’s position among the most prominent livestock markets in the region, as a result ...

  Read More »
• 18 May

  UAE hosts International Atomic Energy Agency workshop on N-security

  

  DUBAI / WAM The Federal Authority for Nuclear Regulation (FANR) and Dubai Police are hosting the National Workshop on Developing and Implementing Nuclear Security Systems and Measures for Major Public Events this week. The workshop, organised by the International Atomic Energy Agency (IAEA), is taking place in Dubai from May 15-19. The primary objective of the workshop is to facilitate ...

  Read More »
• 18 May

  Ali Al Nuaimi receives German ambassador in Abu Dhabi

  

  ABU DHABI / WAM Dr Ali Rashid Al Nuaimi, Chairman of the Defence, Interior and Foreign Affairs Committee of the Federal National Council (FNC), on Thursday received, at the headquarters of the FNC General Secretariat in Abu Dhabi, Alexander Schonfelder, ambassador of Germany to the UAE. The meeting was attended by members of the FNC Parliamentary Friendship Committee with European ...

  Read More »
• 18 May

  Added, Adib to offer digital   business account opening

  

  ABU DHABI / WAM Abu Dhabi Department of Economic Development (Added) has signed a memorandum of understanding (MoU) with Abu Dhabi Islamic Bank (Adib) to jointly offer bank account opening procedures for investors and business licence owners issued by Added, facilitating business in Abu Dhabi. The collaboration between the two parties aim to simplify and expedite the process of opening ...

  Read More »
• 18 May

  Barclays plans to add 200 new jobs in Paris

  

  BLOOMBERG  Barclays Plc expects to increase its headcount in Paris by about two thirds in the next two to three years, as the French capital increasingly becomes the main trading hub in continental Europe for global lenders after Brexit. The London-based bank, which employs roughly 300 staff in Paris, believes it could generate enough business from the office to add ...

  Read More »
• 18 May

  BOE: Pace of quantitative tightening may jump

  

  BLOOMBERG  The pace at which the Bank of England (BOE) shrinks its balance sheet is likely to accelerate, the deputy governor for markets told UK lawmakers. The BOE is currently unwinding about £20 billion (£25 billion) of quantitative easing (QE) every three months, both as assets mature and as they are actively sold. Dave Ramsden, deputy governor, said: “There’s the ...

  Read More »
• 18 May

  Key Thai party not to join Pita’s coalition over monarchy stance

  

  BLOOMBERG The bid of Pita Limjaroenrat, leader of Thailand’s opposition group Move Forward, to form a coalition government hit a setback when a key political party said it won’t back a prime minister who wants to relax the law against criticising the monarchy. The Bhumjaithai Party, which came in third in the vote with about 70 seats in the 500-member ...

  Read More »
• 18 May

  Sunak backs away from manifesto pledge to cut UK migration

  

  BLOOMBERG Rishi Sunak appeared to back down on his Conservative Party’s key 2019 election manifesto pledge to cut net migration, risking a fresh row with right-wing Tories disrupting his UK administration. The premier was asked three times by reporters travelling with him to the Group of Seven summit in Japan whether he stood by the promise to reduce the annual ...

  Read More »
• 18 May

  Pakistan’s ex-PM Imran Khan defies deadline to hand over supporters

  

  BLOOMBERG Pakistan’s former premier Imran Khan has defied a deadline set by local officials to hand over supporters, as the political drama surrounding the opposition leader continues to escalate. Police remain outside his home in Punjab province, stoking concerns of a repeat of the violent clashes seen between his supporters and security forces. A provincial government minister claimed Khan was ...

  Read More »
• 18 May

  G-7: Biden portrays unity with allies on Russia, China

  

  BLOOMBERG US President Joe Biden and other Group of Seven (G-7) leaders began arriving in the Japanese city of Hiroshima for an annual summit, with concerns around China and Russia  — both uninvited — set to dominate discussions. The meeting, which runs through Sunday, comes as Russia launched fresh aerial assaults on Ukraine and Chinese President Xi Jinping attended a separate ...

  Read More »