Daily Archives: May 15, 2024

Business & Investments

CPI Preview: How Will US Inflation Data Influence Major Currencies?

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CPI Preview: How Will US Inflation Data Influence Major Currencies?

By Mohamed Hashad, Chief Market Strategist, Noor Capital

The looming CPI data for April 2024 is practically intriguing and warrants close analysis. Its potential impact on major currency performance in the forex market is significant. In this report, we will look closely into the background of this crucial inflation data and explore its implications for currency price action,

Mohamed Hashad, Chief Market Strategist, Noor Capital

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Business & Investments

ADDED and Lubelskie to strengthen economic cooperation between Abu Dhabi and Poland

Abu Dhabi, 15May 2024:

The Abu Dhabi Department of Economic Development (ADDED) and the Local Self-Government of the Lubelskie Voivodeship, spearheading economic development in Lublin, Poland, have joined forces to foster robust economic ties and facilitate bilateral cooperation.

The Memorandum of Understanding (MoU), signed during a visit bysenior delegation from Abu Dhabi to Poland, signed between both partieswill bolster economic activities between the United Arab Emirates (UAE) and Poland, with a particular focus on the Emirate of Abu Dhabi and the Lubelskie Voivodeship. By leveraging their respective strengths and resources, both parties are committed to nurturing a conducive environment for entrepreneurship, trade expansion, and investment facilitation.

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Entertainment & Celebrity

ABU DHABI ENTERTAINMENT COMPANY ACHIEVES 2 MILESTONES AT SPORT INDUSTRY AWARDS

  • ADEC sweeps the top 2 in the Sport & Recreation Facility for the first time
  • ADEC-managed Zayed Sports City becomes 10x winner of Best Sport & Recreation Facility
  • ACTIVE Al Maryah Island earns silver as Best Sport & Recreation Facility
  • Awards represent venues demonstrating commitment to develop sports and support healthy lifestyles throughout the region

Abu Dhabi, UAE, 15 May 2024:Abu Dhabi Entertainment Company (ADEC), a leading sport, leisure, and entertainment company, achieved two milestonesat the Sport Industry Awards held at Atlantis, The Palm on 9 May. For the first time, a single company dominated the top spots in the Best Sports & Recreation Facility category, with ADEC-managed Zayed Sports City taking gold as ACTIVE Al Maryah Island earned its first accolade, a silver trophy. Zayed Sports City reached a milestone 10thwin in the category, retaining its streak as the most-awarded venue.

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Business & Investments

Abu Dhabi Ports Company PJSC Appoints Al Ramz as a Liquidity Provider

Abu Dhabi,  15May 2024:Al Ramz Capital LLC announced today its appointment, as a liquidity provider for Abu Dhabi Ports Company PJSC, an Abu Dhabi-listed leading facilitator of global trade, logistics and industry (ADX: ADPORTS). Following regulatory approvals, Al Ramz will commence independent trading of ADPORTS shares within specified parameters and in adherence to regulatory guidelineson16 May 2024.

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Business & Investments

EGA launches one of the region’s first digital manufacturing platforms to advance Industry 4.0 strategy

EGA launches one of the region’s first digital manufacturing platforms to advance Industry 4.0 strategy

 

Abu Dhabi, United Arab Emirates: 15 May 2024: Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, today announced the launch of one of the first digital manufacturing platforms in the region to unlock additional value through Industry 4.0 applications.

EGA developed the digital manufacturing platform with Microsoft as part of a strategic collaboration to progress EGA’s Digital Roadmap. The platform enables the integration of hardware, software, processes, and people throughout EGA’s global operations.

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