June, 2023

• 14 June

  Dubai Culture awarded for three autism-friendly facilities

  

  DUBAI / WAM Dubai Culture and Arts Authority (Dubai Culture) has received Autism-Friendly Certificates (AFC) for the category of Cultural Facilities to acknowledge the Al Jalila Cultural Centre for Children, Etihad Museum, and Al Shindagha Museum. This comes in line with the “My Community… a City for Everyone” initiative that aims to transform Dubai into a friendly city for people ...

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• 14 June

  AJP Tour Dubai International Jiu-Jitsu Championship 2023 kicks off from June 16

  

  DUBAI / WAM The stage is set for an exhilarating showcase of skills and determination as the AJP Tour Dubai International Jiu-Jitsu Championship 2023 — GI kicks off from June 16-18 at Al Nasr Club in Dubai. The event will make way for fierce fights among athletes in various divisions, including kids, youth, amateurs, professionals, and masters, vying for medal ...

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• 14 June

  UAE PJSCs’ capital reaches AED702bn by end of 2022

  

  ABU DHABI / WAM The Securities and Commodities Authority (SCA) has released its annual report for 2022, revealing that the total capital of public joint-stock companies (PJSCs) registered with the SCA reached AED702 billion. Of this, AED393 billion was for government companies and AED309 billion was for non-governmental companies. The services sector accounted for the largest share of the total ...

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• 14 June

  General Budget Committee’s ninth meeting discusses UAE’s draft general budget for 2024 fiscal year

  

  DUBAI / WAM In the presence of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, chaired the ninth meeting of the General Budget Committee. The meeting discussed the ...

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• 14 June

  Ruler of Sharjah honours Talent Beyond Boundaries

  

  SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, in the presence of his wife HH Sheikha Jawaher bint Mohammed Al Qasimi, Chairperson of The Big Heart Foundation (TBHF) and Eminent Advocate for Refugee Children at UNHCR, honoured Talent Beyond Boundaries (TBB), the winner of the 7th edition of the Sharjah ...

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• 14 June

  Sheikh Abdullah meets Vietnamese counterpart

  

  HANOI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, met with Bui Thanh Son, Minister of Foreign Affairs of Vietnam, during his visit to Hanoi. The two sides discussed ways of boosting bilateral relations and joint cooperation in all sectors, especially economic. They also reviewed the two countries’ efforts to reach a comprehensive economic partnership ...

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• 14 June

  Swiss stock exchange is investigating worst outage in one decade

  

  BLOOMBERG The SIX Swiss Exchange is investigating the technical glitch that caused the country’s worst stock market outage in more than decade. The Zurich-based exchange said it will release findings from its investigation in a couple of days. “It was a technical issue,” said Juerg Schneider, the Swiss exchange’s head of media relations, without giving details about the specific nature ...

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• 14 June

  Bond yields drop as traders gear up for Federal Reserve pause

  

  BLOOMBERG Treasury yields fell amid market expectations that the Federal Reserve will keep its interest rates steady for the first time in 15 months to evaluate whether or not further tightening is needed. Bonds reversed course on Wednesday, with yields dropping across the curve, after another inflation reading showed signs of cooling. The market for wagers on the outlook for ...

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• 14 June

  ECB’s €500b payoff puts Italian banks in firing line

  

  BLOOMBERG  The European Central Bank (ECB) is about to test the resilience of the continent’s banking industry by making lenders repay about half a trillion euros in cheap pandemic-era loans — in one go. While the €4 trillion or so of excess liquidity sloshing around the financial system should limit the overall impact of the giant repayment, individual firms and ...

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• 14 June

  UBS to keep Credit Suisse’s Asia wealth teams

  

  BLOOMBERG  UBS Group AG plans to retain a few hundred Credit Suisse private bankers in the Asia Pacific region, bringing its total to more than 1,200 in one of the few areas spared from deep cuts, according to people familiar with the matter. The move is being driven by global wealth chief Iqbal Khan, who is betting Asia will continue ...

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