May, 2023

• 26 May

  US futures waver, Treasuries slip on robust economic data

  

  BLOOMBERG US equity futures wavered as strong economic data raised the possibility on more interest rate rises, dampening some of the optimism about a potential debt-ceiling deal. Contracts on the S&P 500 traded flat, while the tech-heavy Nasdaq 100 ceded some gains. Treasury yields climbed after the data, reversing earlier declines. A report on consumer spending painted a picture of ...

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• 26 May

  Nasdaq fought off fierce rivals to win IPO of SoftBank’s arm

  

  BLOOMBERG Nasdaq Inc may be the coveted destination for tech companies looking to go public. But the exchange had to pull out all the stops to lure chip designer Arm Ltd, likely to be the largest initial public offering of the year. The proposed listing sparked a remarkable, behind-the-scenes scrum involving heads of state, exchange officials and the billionaire founder ...

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• 25 May

  UAE leaders congratulate Argentinian President on National Day

  

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Alberto Fernández of Argentina on the occasion of his country’s National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy ...

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• 25 May

  UAE President extends COP28 invitation to Hungarian counterpart

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a written message to Katalin Novák, President of Hungary, with an invitation to the COP28 climate conference to be held at Expo City Dubai in November. The invitation was delivered by Saud Hamad Al Shamsi, UAE ambassador to Hungary, to Kristóf Altusz, diplomatic advisor ...

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• 25 May

  Agda, Geneva Centre for Security Policy sign deal

  

  ABU DHABI / WAM Anwar Gargash Diplomatic Academy (Agda), signed a memorandum of understanding (MoU) with Geneva Centre for Security Policy, to solidify its partnership, building upon the successful hosting of the Processes of International Negotiation (PIN) Conference in Abu Dhabi. The MoU was signed on Thursday by Nickolay Mladenov, Director-General of Agda and ambassador Thomas Greminger, Director of the ...

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• 25 May

  Adnoc L&S sees highest-ever oversubscription for its IPO

  

  ABU DHABI / WAM Adnoc on Thursday announced the successful completion of the bookbuild and public subscription process for the initial public offering (IPO) of Adnoc Logistics & Services (Adnoc L&S), a mission-critical global energy maritime logistics leader and critical enabler of Abu Dhabi and the UAE’s supply of energy to the world. The offering of 19 percent of the ...

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• 25 May

  ‘UAE-India partnership a driver for economic growth’

  

  NEW DELHI / WAM Abdullah bin Touq Al Marri, Minister of Economy participated in a session titled “Is Minilateralism the Future of Global Trade?” as part of the annual Confederation of Indian Industry (CII) conference 2023 held in New Delhi. The session was attended by Sanjeev Bajaj, President of CII; Chandragit Banerjee, Director-General of CII; and a number of UAE ...

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• 25 May

  Deal signed to boost energy efficiency projects in Abu Dhabi

  

  ABU DHABI / WAM Kezad Communities, a real estate investment company specialising in staff residential solutions, and Abu Dhabi Energy Services (Ades), a prominent energy efficiency capacity builder and a subsidiary of Abu Dhabi National Energy Company (Taqa), have announced a collaboration agreement for energy efficiency projects in Abu Dhabi. The signing ceremony was attended by Ahmed Mohammed Al Rumaithi, ...

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• 25 May

  UAE leaders congratulate King of Jordan on Independence Day

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to King Abdullah II of Jordan on the occasion of his country’s Independence Day, which is marked on May 25. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, ...

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• 25 May

  Chimera’s Shariah-compliant exchange traded fund unveiled

  

  ABU DHABI / WAM Chimera Capital, an Abu-Dhabi-based investment management firm, announced the launch of the Chimera S&P China HK Shariah Exchange Traded Fund (ETF). The fund is a physical, in-kind, liquid, and fully fungible exchange-traded fund (ETF) that will track the performance of Shariah-compliant Chinese equities listed on the Hong Kong Stock Exchange (HKEX). The initial offering period will ...

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