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ABU DHABI / WAM The Abu Dhabi Investment Office (Adio) on Thursday announced the signing of a strategic agreement with CCB International, an investment services company owned by China Construction Bank Corporation (CCB), to boost Chinese investment into the UAE capital. Signed during Abu Dhabi Finance Week (ADFW) 2023, the agreement will foster stronger collaboration to support Chinese companies expanding ...

DUBAI / WAM The 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC), which began on Thursday, provides a platform for national universities to showcase their efforts to promote sustainability concepts and announce their quality initiatives to be launched in the Green Zone at Expo City Dubai, under the framework of the prominent ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM), the leading international financial centre of the UAE’s capital, on Thursday announced 14 major financial institutions representing a total (Assets Under Management) AUM of $452bn have committed to establishing new operations in ADGM. A year into Abu Dhabi’s “Falcon Economy”, these announcements, coinciding with the second edition of Abu Dhabi Finance ...

ABU DHABI / WAM HH Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of the Office of Development and Martyrs Families Affairs at the Presidential Court, has attended a silent prayer at Wahat Al Karama, organised by the Office of Development and Martyrs Families Affairs, on Commemoration Day, in appreciation of the sacrifice of the UAE’s heroes, who will ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, welcomed world leaders coming to the UAE to participate in the 28th meeting of the Conference of the Parties (COP28), whishing them success in addressing the challenges of climate change to ensure a better future for generations. His Highness said, “Today, ...

DUBAI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Thursday met individually with Santiago Peña, President of the Republic of Paraguay; Dr Abiy Ahmed, Prime Minister of the Federal Democratic Republic of Ethiopia; and Ding Xuexiang, Special Envoy of the President of the People’s Republic of China, on the sidelines of the UN Climate Change ...

BLOOMBERG The euro retreated and stocks climbed as decelerating European inflation added fuel to broader rate-cut expectations that have spurred a global rally in assets this month. The currency was trading 0.4% weaker versus the dollar after the pace of price growth in the region cooled more than expected. Ten-year bund yields were slightly lower after slipping as much as ...

BLOOMBERG November has been good to South Africa’s rand for the past five years. This time is different. South Africa’s currency is on track for an 0.3% decline against the dollar this month, one of only four emerging-market peers to weaken. MSCI’s developing nation currency index is set for a 2.9% November gain. That’s in contrast to the rand’s performance ...

DUBAI/ GULF TIME Dubai, known for its unsurpassed luxury and innovation, is now home to a groundbreaking UAE certified lab-grown diamond company that is set to redefine the luxury jewelry industry. PlasmabilityTM, Crossworks Manufacturing, a member of the HRA Group, Dubai Holding (SJM Group) and Bond have entered into a strategic partnership establishing Eviqe Diamonds, a technologically advanced pioneer in ...

ABU DHABI/ GULF TIME The Emirate of Abu Dhabi is set for its first green-hydrogen-powered smart taxi experience. Tawasul Transport, a leading transport company, is collaborating with ADNOC, the Integrated Transport Center (ITC) and Al Futtaim Motors, to create this trailblazing sustainable urban mobility initiative. Tawasul Transport, together with Al Futtaim Motors, will provide the operational data, including kilometers driven, ...