May, 2023

• 25 May

  China equity rout deepens

  

  BLOOMBERG Chinese stocks in Hong Kong plunged as a weakening currency, disappointing earnings and worries over the US debt-ceiling deadlock saw traders trim positions ahead of a long weekend. The Hang Seng China Enterprises Index closed 2.2% lower on Thursday, capping its worst seek since March before markets close on Friday for a holiday. XPeng Inc fell the most following ...

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• 25 May

  Nasdaq futures up 1.6% as Nvidia drives tech rally

  

  BLOOMBERG Nasdaq futures rallied and chipmakers soared as a bullish sales forecast from Nvidia Corp ignited gains in companies linked to the frenzy for artificial intelligence (AI). Nvidia shares soared 23% in US premarket trading after its forecast for surging revenue surprised even the most optimistic analysts on Wall Street, propelling the company to the cusp of a $1 trillion ...

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• 24 May

  Abdullah bin Zayed receives President of Pontifical Academy for Life

  

  ABU DHABI / WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, received here today Archbishop Vincenzo Paglia, President of the Pontifical Academy for Life. The meeting addressed the bilateral relations between the UAE and the Vatican in addition to a number of issues of interest, including ways to consolidate peaceful co-existence and tolerance among peoples of ...

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• 24 May

  RAK Ruler receives Australian Ambassador

  

  RAS AL KHAIMAH / WAM HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, on Wednesday received Heidi Finamore, Ambassador of Australia to the UAE. During the meeting, Sheikh Saud welcomed Finamore and her delegation, and the two sides discussed the cooperation between the UAE and Australia. Sheikh Saud lauded the deep-rooted relations between the two ...

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• 24 May

  Dewa receives applications from Wetex DSS participants, exhibitors

  

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has started receiving applications from exhibitors and companies from around the world to participate in the 25th Water, Energy, Technology, and Environment Exhibition (Wetex) and Dubai Solar Show (DSS). The exhibition is organised by Dewa under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime ...

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• 24 May

  UAE to commit $275 million towards N-energy in Romania

  

  ABU DHABI / WAM The UAE has joined global partners such as the US, Japan, and South Korea to commit up to $275 million towards nuclear energy in Romania. The announcement, made by US President Joseph R Biden at the G7 Summit in Japan, is the first major nuclear energy initiative to be supported under the Partnership for Accelerating Clean ...

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• 24 May

  “UAE-France strategic partnership built on mutual respect, shared goals”

  

  PARIS / WAM Sébastien Chenu, the Vice-President of the French National Assembly (Parliament), expressed his full confidence in the UAE’s success in hosting COP28 in November this year, emphasising the importance of continued coordination between the two countries to achieve the goals of the 2023 United Nations Climate Change Conference, given that Paris had hosted the same event before. Describing ...

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• 24 May

  Diez hosts high-level session to promote cybersecurity awareness

  

  DUBAI / WAM Dubai Integrated Economic Zones Authority (Diez), in collaboration with Thales, a global leader in cybersecurity technologies and data protection, and the Dubai Electronic Security Centre (Desc), part of Digital Dubai, hosted an awareness session on cybersecurity at Dubai Airport Freezone (Dafz). The session brought together professionals to discuss the way forward for achieving the highest levels of ...

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• 24 May

  Sheikh Zayed Chair launched in Kuala Lumpur to foster collaboration

  

  KUALA LUMPUR / WAM The Sheikh Zayed Chair, a dedicated research body at the Institute of Strategic and International Studies Malaysia (ISIS Malaysia) in Kuala Lumpur, was officially launched on the sidelines of the visit of HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, to Malaysia. The launch ceremony was attended by Khalid ...

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• 24 May

  Adnoc, Taqa launch AED8.8bn sustainable water supply plan

  

  ABU DHABI / WAM Adnoc and Abu Dhabi National Energy Company (Taqa) announced on Wednesday the award of a strategic investment project estimated at up to $2.4 billion (AED8.8 billion) to provide sustainable water supply for Adnoc’s onshore operations, reinforcing Adnoc and Taqa’s position as responsible energy leaders and underscoring their efforts to drive sustainable initiatives that deliver long-term value. ...

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