The value of gold reserves of the Central Bank of the UAE (CBUAE) reached AED19.615 billion by the end of March 2024, marking a year-on-year (YoY) growth of 12.6 percent from AED17.41 billion in March 2023.
Month: June 2024
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Brazil, UAE great partners: Mayor of Rio de Janeiro
As the host of the upcoming G20 Leaders' Summit on November 18-19, 2024, Rio de Janeiro's Mayor, Eduardo Paes, emphasised the city's preparedness for the event in an interview with the Emirates News Agency (WAM) at the FII Priority Summit 2024.
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IOC EB proposes creation of ‘Olympic Esports Games’ to IOC Session
The Executive Board (EB) of the International Olympic Committee (IOC) is proposing the creation of “Olympic Esports Games” to the 142nd IOC Session, which will be held during the Olympic Games Paris 2024, when the IOC Members will vote on this proposal.
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G-7 agrees to launch action plan over AI impact on labor
The heads of the Group of Seven major powers said in a joint statement Friday that they will launch an action plan to deal with the positive and negative impacts of artificial intelligence on employment,according to Jiji Press.
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Euro area international trade in goods surplus at €15.0 bn
The first estimates of euro area balance showed a €15.0 bn surplus in trade in goods with the rest of the world in April 2024, compared with a deficit of €11.1 bn in April 2023, according to figures published by Eurostat, the statistical office of the European Union.
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UNRWA rejects Israel’s Google ads campaign
The UN Agency for Palestinian Refugees (UNRWA) has dismissed as "unrealistic" the claims made against it in Israeli advertisements appearing on Google.
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DIFC CEO predicts major economic surge in 2024 with new government IPOs
Arif Amiri, the Chief Executive Officer of the Dubai International Financial Centre (DIFC), has anticipated a major economic boost in 2024, supported by several upcoming government Initial Public Offerings (IPOs) both in the UAE and Saudi Arabia.
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Aggregate capital, reserves of UAE-based banks hit AED476.6 billion at end of March 2024
The aggregate capital and reserves of banks operating in the UAE reached AED476.6 billion at the end of March 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE).
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Emirates’ Rulers offer condolences to Emir of Kuwait over victims of Mangaf fire
The Rulers of the Emirates have sent messages of condolences to H.H. Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, the Emir of Kuwait, expressing their sincere condolences and sympathy over victims of the fire outbreak in the Mangaf area and wishing a speedy recovery for the injured.
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ADGM Academy, Ethara sign MoU to develop next-gen Emirati talent
Abu Dhabi Global Market Academy (ADGMA), the knowledge arm of the international financial centre of Abu Dhabi, announced the signing Memorandum of Understandings (MoUs) with Ethara, the region’s leading live event management company and venue operator.