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BLOOMBERG China’s central bank ramped up efforts to accelerate an economic recovery, releasing more cash into markets as data show fresh encouraging signs for the country’s growth momentum. The People’s Bank of China (PBOC) added a net 191 billion yuan ($26.3 billion) into the financial system via a one-year policy loan, a day after announcing another cut to lenders’ reserve ...

BLOOMBERG Stocks fell as traders took risk off the table ahead of a raft of policy decisions this week that will reveal how major central banks view progress in the fight against inflation. Societe Generale SA slumped as much as 8.4% and was among the biggest drags on Europe’s Stoxx 600 Index after the French lender’s strategic plan included cuts ...

BLOOMBERG Chinese stocks listed in Hong Kong began the week with losses as persistent concerns about the health of the property sector offset optimism spurred by signs of stabilisation in some other parts of the economy. The Hang Seng China Enterprises Index slid 1.6% on Monday. On the mainland, the CSI 300 Index fell to its lowest level this year ...

ABU DHABI / WAM Fertiglobe, the strategic partnership between Adnoc and OCI Global, on Monday announced that it has signed a non-binding memorandum of understanding with AD Ports Group to explore logistics and supply chain opportunities for storing and shipping urea and ammonia at ports in Egypt and the UAE. The two companies will explore opportunities to leverage AD Ports ...

DUBAI / WAM AstraZeneca inaugurated its new sustainable offices in Dubai Science Park, a member of the Tecom Group PJSC. The offices mark a critical milestone along the company’s carbon footprint reduction journey in the UAE. The offices are part of a raft of measures by AstraZeneca to accelerate the transition to sustainable healthcare in the UAE, aligned with the ...

ABU DHABI / WAM Hamid AlZaabi, Director-General of the Executive Office of Anti-Money Laundering and Counter Terrorism Financing (EO AMLCTF), revealed that the UAE has completed a comprehensive review of AML/CFT progress made in the first half of 2023 which shows significant improvement across the board. In a statement to the Emirates News Agency (WAM), AlZaabi stressed that the review’s ...

NEW YORK / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, has participated in the GCC foreign ministers coordination meeting held in New York. The meeting was attended by a number of foreign ministers and Jassim Muhammad Al Budaiwi, Secretary-General of the Gulf Cooperation Council (GCC). The meeting discussed ways to enhance cooperation and joint coordination ...

DUBAI / WAM Dubai Health Authority (DHA) will introduce the Elite Programme, a new, innovative way to attract citizens to take up jobs in various sectors and specialisations of the DHA. The innovative method aims to provide citizens with training opportunities at the DHA, across specialised and advanced programmes to develop their personal, scientific, and professional skills and capabilities. They ...

ABU DHABI / WAM Abu Dhabi’s leading entities are participating in IPEM Paris 2023, a premier private capital industry gathering, to reaffirm the UAE capital’s prominence, from September 18-20 at the Westin Vendôme and Jardin des Tuileries in Paris. Abu Dhabi Department of Economic Development (Added), Abu Dhabi Global Market (ADGM), Abu Dhabi Investment Office (Adio), Abu Dhabi Residents Office ...

ABU DHABI / WAM Under the patronage of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, the second edition of the Liwa Dates Festival and Auction will kick off on Thursday and continue until September 30 in Liwa City, Al Dhafra Region, in the Emirate of Abu Dhabi. The festival seeks to enhance the role ...