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DUBAI / WAM A total of 3,625 real estate and properties transactions valued at AED12.5 billion were conducted during the week ending 16th June 2023, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 189 plots were sold for AED 2.28 billion, 2,753 apartments and villas were sold for AED 7.01 billion. The top ...

NEW YORK / WAM The United Arab Emirates, a long-standing partner of UN Women, has reaffirmed its commitment to advance gender equality, the Women, Peace and Security agenda, as well as the empowerment of women and girls worldwide by committing an additional $15 million to UN Women over the next three years (2023-2025) through a pledge in New York. Noura ...

MORONI / WAM Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, met with Azali Assoumani, President of the Union of the Comoros, to discuss relations between their countries and explore the potential for mutual investment opportunities to benefit the growth and prosperity of both countries. During the meeting, the two sides discussed a range of common interests, including the ...

BANGKOK / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, has met with Don Pramudwinai, Deputy Prime Minister and Minister of Foreign Affairs of the Kingdom of Thailand, as part of his working visit to Bangkok. The meeting touched upon bilateral relations between the UAE and Thailand and means to further develop prospects for joint cooperation ...

BLOOMBERG Global stocks were headed for the best week in more than two months, buoyed by bets on Chinese stimulus and exuberance surrounding artificial intelligence firms. The MSCI World Index has climbed 3% this week, the most since the end of March. European shares advanced after Asian stocks staged a broad rally on Friday. US futures rose, after the S&P ...

BLOOMBERG  Deutsche Bank AG expects trading revenue to decline as much as 20% this quarter and it is the first major European investment bank to warn of a significant slowdown. Fixed income trading will drop 15% to 20% compared with the bumper quarter a year earlier, when it rose more than 30%, Chief Financial Officer James von Moltke said on ...

BLOOMBERG  The Philippine central bank plans to require the nation’s largest business groups to disclose their foreign-debt levels due to concern their exposure may be bigger than currently estimated. The monetary authority aims to send out requests in the next three to six months as it seeks to head off any potential risk to the Southeast Asian nation’s economy, according ...

DUBAI / WAM The Dubai Supreme Council of Energy (DSCE) organised a workshop to highlight key projects and sustainable energy systems that support the UAE Net Zero by 2050 strategic initiative, the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050. Representatives from the DSCE, the Executive Council, the Carbon Abatement Committee, and the C40 ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) has announced that insiders’ trading prohibition period will start on June 16  pending the full disclosure of the second quarter 2023 financial statements. Subject to Article No (14) of SCA Board of Directors’ Decision No. (2/R) of 2001 concerning the regulations as to Trading, Clearing, Settlement, Transfer of Ownership and Custody ...

DUBAI / WAM Dubai Multi Commodities Centre (DMCC) has announced a major 24 perccent year-to-date increase in the number of Chinese companies setting up in its free zone. The announcement comes as DMCC concludes a series of roadshows in China that took place in the commercial and trade hubs of Shanghai, Guangzhou and Chongqing. This was the first physical DMCC ...