May, 2023

• 16 May

  Stocks waver as US debt talks drag on

  

  BLOOMBERG Global markets were mixed on Tuesday, with US stock futures trading in a tight range ahead of debt-ceiling talks. A standoff over whether to raise the federal debt limit is sidelining many investors as they wait for a breakthrough in Washington. In Europe, Vodafone Group Plc shares sank on weak earnings and Telecom Italia SpA fell after a report ...

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• 16 May

  Wall Street touts Japan stocks as Topix hits highest since 1990

  

  BLOOMBERG Japan is fast becoming the most favoured developed market with investors as conviction grows that a rally taking the Topix to the highest since August 1990 will accelerate. Strategists at Goldman Sachs Group Inc to Macquarie Group Ltd say the case for a bull run is solid with corporate governance reforms set to boost valuation and loose monetary policy ...

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• 15 May

  Mansour bin Zayed attends opening of Middle East Rail 2023

  

  ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, attended the opening ceremony of the 17th Middle East Rail 2023, the region’s leading event for rail innovation, technology and strategy, on Monday at Abu Dhabi National Exhibition Centre (Adnec). The opening ceremony was attended by Jasem ...

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• 15 May

  Taqa reports AED11.6 billion net income for first quarter of 2023

  

  ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) on Monday reported a very strong first quarter for the period ending on March 31, announcing a net income (Taqa share) of AED11.6 billion, an increase of AED9.6 billion, mainly driven by a one-off gain recognised on the acquisition of a 5% shareholding in Adnoc Gas. It also announced group ...

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• 15 May

  Dubai chamber connects UAE, Uzbek renewable energy firms

  

  DUBAI / WAM Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has brought together UAE-based company Empereal Ruby Energy and Innovations, and Uzbekistan’s Solar Nature to sign a memorandum of understanding for joint cooperation on solar photovoltaic and solar thermal projects in Uzbekistan and the Middle East. The programme aimed to drive the international expansion of ...

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• 15 May

  ‘Global Accelerator Ambassador’ programme unveiled

  

  MONTREAL / WAM Ohood bint Khalfan Al Roumi, Minister of State for Government Development and the Future, has affirmed the UAE’s keenness to enhance and strengthen global partnerships with international organisations and bodies, especially the partnership with the International Civil Aviation Organisation (ICAO), which contributes effectively to the development of the aviation sector globally, and to invest in future work ...

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• 15 May

  MoF marks listing of Islamic T-Sukuk on Nasdaq Dubai

  

  DUBAI / WAM Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, rang the market-opening bell to celebrate and mark listing the domestic Dirhams Islamic Treasury Sukuk (T-Sukuk) on Nasdaq Dubai. The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer and in collaboration with the Central Bank of the UAE as the issuing ...

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• 15 May

  GCC Secretary General visits Sheikh Zayed Grand Mosque

  

  ABU DHABI / WAM Jasem Mohamed AlBudaiwi. Secretary General of the Cooperation Council for the Arab States of the Gulf , and his accompanying delegation, today visited the Sheikh Zayed Grand Mosque (SZGM). They began their tour with a visit to the final resting place of the late Sheikh Zayed bin Sultan Al Nahyan and recalled the Founding Father’s qualities ...

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• 15 May

  Hale’s Pro Bono scholars make Ivy League dreams a reality

  

  ABU DHABI / GULF TIME Along with the prestigious acceptances that Hale Education has aided in securing this year, its success is complemented by an in-built scholarship program that yielded exceptional results,   continuing to provide opportunity through educational mentorship. The Hale Scholars program serves as a platform for high-caliber, economically disadvantaged students to pursue their dreams at Ivy League and ...

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• 15 May

  Q Properties’ phase 2 of its new Reem Hills luxury apartments sells out in just six hours

  

  ABU DHABI / GULF TIME Q Properties – a leading UAE real estate developer and subsidiary of Q Holding – has seen phase 2 of its recently launched new luxury apartments in Reem Hills sell out in just six hours. Located in the heart of the capital and the only gated community on Al Reem Island, Phase 2 features two ...

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