ABU DHABI / WAM Lunate Capital Ltd, an Abu Dhabi-based global investment management firm, announced the launch of the Chimera S&P Japan UCITS ETF, a physical, in-kind, liquid, and fully fungible exchange-traded fund (ETF or the Fund) that is scheduled to list on the Abu Dhabi Securities Exchange (ADX) on May 29. The fund will track the performance of the ...
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ABU DHABI / WAM Saif Abdulla Alshamisi, Assistant Undersecretary for Protocol Affairs at the Ministry of Foreign Affairs, received a copy of the credentials of Mohamed Hussain Shareef, Ambassador of the Republic of Maldives to the UAE. Alshamis wished the new Ambassador success in the performance of his duties and in enhancing bilateral relations and cooperation between the UAE and ...
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DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, accompanied by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, arrived in Bahrain to participate in the meeting of the Arab League Council, which is gathering ...
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ABU DHABI / WAM Adnoc has returned to the Ras Al Sadr field to start gas production, 75 years after the first exploration well was drilled at the field. Back in the 1950s, as the Middle East’s oil industry was being established, Abu Dhabi’s first ever exploratory well was drilled in Ras Al Sadr. While the well was “dry” and ...
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DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, in the presence of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, met on Thursday with Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah, Prime Minister of the State of Kuwait, on the ...
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ABU DHABI / WAM Miral, the leading creator of immersive destinations and experiences in Abu Dhabi, has announced a strategic partnership with Emirates NBD. As a part of the partnership, Emirates NBD will be the Official Banking Partner across multiple Miral attractions, including Ferrari World Yas Island, Abu Dhabi, Yas Waterworld Yas Island, Abu Dhabi, Warner Bros. World™ Yas Island, ...
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TOKYO/ WAM Asian stock markets rallied on Thursday, buoyed by Wall Street’s surge to all-time peaks overnight after a milder US inflation report raised expectations the Federal Reserve will deliver two interest rate cuts this year, Reuters reported. The dollar remained on the back foot, sagging to fresh multi-week lows against peers including the euro and sterling. US Treasury yields ...
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ABU DHABI / WAM Presight, a leading big data analytics company powered by generative artificial intelligence (AI), and Intel, a cloud computing, data centre, AI, and PC solutions company, have announced a strategic collaboration aimed at accelerating applied AI projects and developing cutting-edge AI solutions in the Middle East. Signifying a commitment to advancing AI research and development in the ...
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ABU DHABI/ WAM Standard & Poor’s Credit Ratings Agency (S&P Global) said the profitability of GCC Banks will remain strong in 2024, and their asset quality will stay robust despite higher-for-longer rates, due to supportive economies, contained leverage, and a high level of precautionary reserves. In its related report, S&P stated that the US Federal Reserve Board (FRB) could begin ...
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ABU DHABI/ WAM The Abu Dhabi Businesswomen Council (ADBWC) and Etihad Airways have signed a Memorandum of Understanding to support 25,000 women-owned small and medium-sized enterprises (SMEs) operating in the capital. Etihad will consider members of the organisation to be preferred suppliers when it comes to procurement and through its “Business Connect” programme will offer generous Etihad Guest Miles benefits ...
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