CBUAE, Dubai Courts sign MoU to link electronic services

ABU DHABI/WAM The Central Bank of the UAE (CBUAE) and the Dubai Courts have signed a Memorandum of Understanding (MoU) aimed at linking electronic services related to the execution of judgments, orders, and decisions issued by the Dubai Courts through the Central Bank’s court cases management system. The MoU was signed by Khaled Mohamed Balama, CBUAE Governor, and Prof. Saif ...

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UAE and Egyptian Presidents hold meeting to discuss bilateral relations

EL ALAMEIN/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with His Excellency Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, in New Alamein City as part of a private visit lasting several days. During their meeting, His Highness and the Egyptian President discussed the strong fraternal relations between their countries across wide-ranging areas of ...

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UAE, Azerbaijan agree to develop economic partnership

SHUSHA/WAM The ninth session of the UAE-Azerbaijan Joint Intergovernmental Commission (JIC) for Economic, Trade and Technical Cooperation between the two countries was held in the Azerbaijani city of Shusha, chaired by Abdullah bin Touq Al Marri, Minister of Economy; and his Azerbaijani counterpart Mikayil Jabbarov. The session was attended by several senior officials and government and private sector representatives from ...

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Brazil’s Central Bank holds interest rate steady at 10.5% amid inflation pressure

BRASÍLIA/WAM Brazil’s central bank held its interest rate steady for the second consecutive meeting. Policymakers voted unanimously to keep the benchmark rate, known as the Selic, unchanged at 10.5% on Wednesday, Bloomberg reported. In June, Brazil’s central bank halted the interest rate cuts that had been in place for nearly a year. Recently, the government has called for a reduction ...

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Abdullah bin Zayed, Antony Blinken discuss regional developments

ABU DHABI/WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, during a phone conversation with Antony Blinken, Secretary of State of the United States of America, discussed serious developments in the Middle East region. They discussed efforts to end escalation in all its forms and reach a comprehensive and lasting ceasefire in the ...

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Mohammed bin Rashid meets with Dubai Corporation for Ambulance Services team

DUBAI/WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, met with a group of national ambulance professionals of the Dubai Corporation for Ambulance Services (DCAS). Attended by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of Dubai Executive Council, ...

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ABU DHABI/WAM Borouge Plc has reported a 33% year-on-year (YoY) increase in second-quarter net profit to $308 million, powered by higher sales and cost efficiencies as the company recorded its highest ever production volumes. Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) surged 18% YoY to $613 million in the second quarter (Q2), underpinned by a 6% increase in ...

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Mashreq, MultiBank Group partner to provide API-enabled instant payment options

DUBAI/WAM MultiBank Group, a leading online financial derivatives provider, has partnered with Mashreq, one of the leading financial institutions in the MENA region, to introduce an API-enabled Instant Payment solution for corporate clients. This innovative collaboration fully integrates with the Central Bank of UAE’s Aani (Instant Payment Platform), offering significant advantages to both MultiBank Group and Mashreq. Mashreq is at ...

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