June, 2023

• 6 June

  Stocks waver; Aussie jumps on surprise RBA rate hike

  

  BLOOMBERG US futures and European stocks fluctuated on Tuesday trading, and the Australian dollar jumped after a surprise interest rate increase by the country’s central bank. Contracts on US gauges were muted, following the S&P 500’s retreat. Apple Inc fell 0.4% in premarket trading, after dropping from an all-time as it unveiled its new mixed-reality headset at a steep price. ...

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• 6 June

  AI-driven tech rally has legs, say Citi strategists

  

  BLOOMBERG The roaring rally in tech stocks has further to go, as the buzz around artificial intelligence and hopes for a pause in the Federal Reserve’s rate hikes give them an edge, according to Citigroup Inc quantitative strategists. The growth style investing factor in the US has by far been the most successful with a nearly 20% jump this year, ...

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• 6 June

  VOX Furniture UAE brings to you VOXBOX: A technological revolution in the interior design industry

  

  ABU DHABI / GULF TIME VOX Furniture UAE is a part of global brand VOX Capital Group, which operates in over 50 countries. Established in 1989 and headquartered in Poland, VOX has gained a reputation as an innovative company in the furniture sector. VOX products are designed to meet people’s actual needs, based on design thinking methodology. The development process ...

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• 5 June

  South Korea to highlight Sharjah’s cultural leadership at 65th SIBF

  

  SHARJAH / WAM South Korea will highlight Sharjah’s prominent cultural leadership in the Arab region at the 65th annual Seoul International Book Fair (SIBF). As the Guest of Honour, Sharjah will be celebrated during the 5-day event from June 14-18. Led by the Sharjah Book Authority (SBA), the cultural showcase in Seoul will feature a diverse programme of 33 events ...

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• 5 June

  Central bank of UAE, CEOs discuss support for COP28

  

  DUBAI/ WAM Khaled Mohamed Balama, Governor of the central bank of the UAE (CBUAE), held a meeting with CEOs of UAE banks to discuss priorities and future initiatives for the banking sector, with a particular focus on advancing green finance in the financial sector. During the meeting, the governor highlighted the important role of UAE banks in developing and implementing ...

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• 5 June

  DMCC, Bybit ink partnership to accelerate crypto, Web3 adoption

  

  DUBAI / WAM Dubai Multi Commodities Centre (DMCC) has announced its partnership with the global crypto giant Bybit, in which the exchange will provide financial support totalling AED 500,000 for new crypto businesses looking to set up at the region’s largest community of Web3 and blockchain businesses — the DMCC Crypto Centre. Bybit will become the listing partner for the ...

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• 5 June

  Abu Dhabi City Municipality commemorates World Environment Day

  

  ABU DHABI / WAM Abu Dhabi City Municipality, in line with World Environment Day and its dedication to fostering a healthy environment, organised a series of workshops and educational initiatives in collaboration with strategic partners. The aim was to raise awareness among community members about the importance of preserving our natural world. One of the events took place at Al ...

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• 5 June

  National Bonds increases stake in Taaleem Holding to 22%

  

  DUBAI / WAM National Bonds Company, a Sharia-compliant saving and investment company, has announced its acquisition of an additional 5% stake in the “Taaleem” Holding Group. This move solidifies National Bonds’ position as the largest shareholder in “Taaleem” with a 22% stake. The acquisition represents the largest of its kind since “Taaleem” listed and traded its shares on the Dubai ...

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• 5 June

  Rakez Traders District opens doors to local, global traders

  

  RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez) has announced the launch of Traders District to support the thousands of traders thriving in its business ecosystem. It is designed to offer traders a host of benefits, including business set-up solutions, simplified access to global supply chains, networking and collaboration opportunities, and assistance with crucial aspects of business ...

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• 5 June

  German embassy in UAE hosts second edition of ‘Climate Talks’ at KU

  

  ABU DHABI / WAM The German embassy in the UAE hosted its second edition of the Climate Talks titled “Road to COP28: Energy Transition in Germany and the UAE − Opportunities for Cooperation” at Khalifa University in the capital. Germany’s foreign missions are organising Climate Talks in different regions, bringing together stakeholders and important voices across different sectors, to raise ...

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