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BLOOMBERG As weakness in the yen looks set to continue into next year, prospects for gold priced in the Japanese currency have rarely looked so good. Japanese investors with exposure to yen—denominated bullion have earned themselves healthy returns so far this year, with domestic prices for the precious metal now hovering around a record high of 10,000 yen per gram ...

ABU DHABI / WAM Louvre Abu Dhabi’s newest exhibition, Letters of Light, featuring some of the oldest texts of the three monotheistic religions, will open on 13th September 2023. Held in partnership with Bibliothèque nationale de France and France Muséums, Letters of Light explores the historical context in which the holy books emerged, the way they have been passed down ...

ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, chaired on Monday the Ministerial Development Council’s meeting at Qasr Al Watan in Abu Dhabi, addressing initiatives and projects aiming to develop the government work ecosystem. The council discussed a number of initiatives and policies on industrial ...

DUBAI / WAM Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, met with Safaa El Tayeb El-Kogali, World Bank’s Country Director for the GCC countries, accompanied by Iva Hamel, World Bank Representative in the UAE. Al Hussaini expressed the UAE’s appreciation for the World Bank’s mission, strategic goals and global development work, and praised its efforts, especially ...

ABU DHABI / WAM The General Pension and Social Security Authority (GPSSA) has announced that the UAE government bears 2.5% of the contribution amount for private sector Emirati employees as part of the “Nafis” programme, under the condition that information and data for both the entity and the employee are continuously updated with GPSSA. The government covers the contribution account ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) continues to enhance sustainability and support the transition towards a sustainable green economy by increasing the share of clean and renewable energy in Dubai’s energy mix. This supports the Year of Sustainability in the UAE, during which the country will host the Conference of the Parties to the United Nations Framework ...

ABU DHABI / WAM YahClick, the data solutions subsidiary of the UAE’s flagship satellite solutions provider, Al Yah Satellite Communications Company, has partnered with Nigerian Communications Satellite (NIGCOMSAT) Ltd to expand broadband penetration in Sub-Saharan Africa and boost access to critical electronic services across the region. The project is expected to begin in Q4 2023 and will see YahClick work ...

DUBAI / WAM Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has participated in the ‘Big Inter-Council Networking Night’ event as part of its efforts to support the business community, promote cross-border economic partnerships, and consolidate the emirate’s position as a highly competitive hub for global trade. Organised by a number of business councils under ...

ABU DHABI / WAM The Central Bank of the UAE (CBUAE), the Bank for International Settlements (BIS), the Emirates Institute of Finance (EIF) and the COP28 Presidency have launched the COP28 UAE TechSprint, a global initiative aimed at promoting innovation in scaling sustainable finance and combating climate change. The launch of the COP28 UAE TechSprint comes ahead of the UAE’s ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec) and ORLEN Synthos Green Energy (OSGE) have announced the signing of a memorandum of understanding (MoU) to support the decarbonisation of the Polish and European power sector and industry, by looking into opportunities to invest in Small Modular Reactors (SMRs). Enec’s expertise, through building and operating the Barakah Nuclear Energy ...