May, 2023

• 9 May

  EAD completes measurements of City Biodiversity Index

  

  ABU DHABI / WAM The Environment Agency – Abu Dhabi (EAD) has completed the measurement process for the City Biodiversity Index in Abu Dhabi City, as part of efforts to measure its success in preserving biodiversity. The index, also known as the Singapore Cities Biodiversity Index, aims to help cities achieve sustainable development, with biodiversity and people growing and thriving ...

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• 9 May

  Stocks fall on weak China data

  

  BLOOMBERG Markets fell broadly after Swedish landlord SBB halted dividends and economic data from China was weaker than expected. European stocks and US futures traded lower, along with oil. SBB shares lost 5.5%, adding to a 20% plunge on May 8, with investors increasingly worried about the effects of a funding squeeze across the real estate industry. Sentiment was also ...

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• 9 May

  After $1.8 billion of outflows, Thailand is set for election boost

  

  BLOOMBERG Thai investors are pinning their hopes on the general election to revive stocks in Asia’s worst-performing market this year, as parties across the spectrum promise tens of billions of dollars in economic stimulus. The benchmark SET Index has slumped 6.4% in 2023, defying expectations that it will repeat a rally seen in the run-up to prior elections. Instead, foreign ...

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• 9 May

  Etihad Cargo partners with Rotate

  

  ABU DHABI / WAM Etihad Cargo, the cargo and logistics arm of Etihad Airways, has partnered with Rotate to co-develop a sales optimisation tool that will identify sales initiatives to enable the carrier’s global commercial teams and sales representatives to add value to customer relationships. The first-of-its-kind tool—Sales Cockpit— will analyse data and, using sophisticated custom-built algorithms, will automatically generate ...

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• 9 May

  Dubai ideal for financial firms to advance growth: Sheikh Maktoum

  

  DUBAI / WAM His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of Dubai International Financial Centre (DIFC), met with global financial industry leaders on the sidelines of the inaugural Dubai FinTech Summit. The meeting was attended by heads of some of ...

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• 9 May

  DCT Abu Dhabi, Adro to attract global talent in emirate

  

  ABU DHABI / WAM The Department of Culture and Tourism — Abu Dhabi (DCT Abu Dhabi) and the Abu Dhabi Residents Office (Adro), part of the Abu Dhabi Department of Economic Development, have signed a memorandum of understanding (MoU), expressing a shared commitment to showcase the variety of benefits that make Abu Dhabi the destination of choice for expatriate residents. ...

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• 9 May

  Abu Dhabi fastest-growing economy in Mena region

  

  ABU DHABI / WAM The Statistics Centre — Abu Dhabi (SCAD) has released the gross domestic product (GDP) estimates report for 2022, unveiling a 9.3% growth by the end of the year, compared to 2021. The new figures position the emirate as the fastest-growing economy in the Middle East and North Africa region. During 2022, Abu Dhabi’s growth across its ...

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• 9 May

  Under the directives of President of UAE, Sheikh Khaled approves AED85.4 billion budget to build integrated residential neighbourhoods

  

  ABU DHABI / AD MEDIA Under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi, His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved a budget of AED85.4 billion to develop integrated residential ...

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• 9 May

  Abu Dhabi’s Fertiglobe reports revenues of $694 million in Q1

  

  ABU DHABI / WAM Fertiglobe, the strategic partnership between Adnoc and OCI Global, on Tuesday reported Q1 2023 revenue of $694 million, adjusted Ebitda of $297 million, adjusted net profit of $135 million, and free cash flow of $271 million. Fertiglobe delivered a 9% increase in own-produced sales volumes during the quarter. This was driven by the company’s disciplined commercial ...

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• 9 May

  Airport Show takes off at Dubai World Trade Centre

  

  DUBAI / WAM The 22nd edition of Airport Show was opened in Dubai on Tuesday amidst brighter outlook for complete and sustainable recovery, growth of passenger demand and focus on future mobility, sustainable infrastructure and innovation. HH Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of ...

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