Sharjah committee drives preparations for 2023 FNC elections

SHARJAH / WAM The Committee for the 2023 Federal National Council (FNC) Elections in the emirate of Sharjah, which falls under the National Elections Committee, held a meeting to discuss the ongoing preparations for the upcoming FNC Elections in 2023. The meeting took place at the committee’s headquarters located within the Sharjah Consultative Council. During this meeting, led by Chairman ...

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Members of 2nd edition of ‘Young Arab Pioneers’ announced

ABU DHABI / WAM The Arab Youth Centre, under the leadership of HH Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, has unveiled members of the second edition of the ‘Young Arab Pioneers’ initiative on International Youth Day. These members reflect honourably on Arab youth around the world through their accomplishments, leaving a positive mark in communities and fields such ...

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COP28 chief visits Barbados to keep focus on climate finance

BARBADOS / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP 28 President-Designate, has visited Barbados to meet with Prime Minister Mia Motley and address distinguished leaders of the Caribbean Community (CARICOM). In his speech, Dr Sultan Al Jaber reaffirmed the COP28 Presidency’s commitment to support communities most vulnerable to the impacts of climate ...

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UAE leaders congratulate President of Chad on Independence Day

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to Mahamat Idriss Deby, Transitional Military Council Leader and President of Chad, on the occasion of his country’s Independence Day, observed on  August 11. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE ...

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Nigeria’s economic policies too loose to support naira, says IMF

BLOOMBERG Nigeria’s loose fiscal and monetary policies are creating excess liquidity, making it difficult for the naira to stabilise against the dollar two months after authorities allowed the currency to trade freely, the International Monetary Fund (IMF) said. Central bank transfers to the government are increasing the naira in circulation, depressing interest rates, discouraging savings and deterring the dollar inflows ...

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European stocks drop, hawkish Fed put traders in risk-off mood

BLOOMBERG European equities fell, tracking markets lower in Asia, as  concern about local government debt in China and hawkish language from a US central banker put traders in a risk-off mood.  The Stoxx 600 index dropped 0.8%, snapping two days of gains and trimming its fourth weekly advance in five. US equity futures edged lower and the 10-year Treasury yield ...

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UAE President condoles Abdullah Al Ketbi on his mother’s passing

AL DHAID / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Thursday condoled Abdullah Muhair Al Ketbi, Minister of Federal Supreme Council Affairs, and his brothers on the passing of their mother during a visit to the condolence tent in Al Dhaid, Sharjah. His Highness expressed his sincere condolences and sympathy to the family of the ...

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UAE’s economy to continue its robust performance in ’23: Opec

VIENNA / WAM The Organisation of the Petroleum Exporting Countries (Opec) forecast that the UAE’s economy will continue its robust performance in 2023, after recording a growth of 7.9 percent year-on-year in 2022. According to Opec’s Monthly Oil Market Report for August, this robust performance will be delivered through constant contributions from the non-oil sector, especially from tourism, leisure and ...

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