Theyab bin Mohamed bin Zayed offers condolences on passing of Mohammed Abdulla Al Dhaheri

ABU DHABI, 12th April, 2024 (WAM) — His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ Affairs, has offered his condolences on the passing of Mohammed Abdulla Al Dhaheri.
His Highness expressed his sincere sympathies to the family and relatives of the deceased at the mourning majlis in Manazef Majlis in Al Ain.

UAE’s Huda Al Matroushi elected Vice President of Asian Modern Pentathlon Confederation


SEOUL, 12th April, 2024 (WAM) — The General Assembly of the Asian Modern Pentathlon Confederation (AMPC) elected the new board members of the AMPC during a meeting held today, Friday, in Seoul, South Korea.

Dr Huda Al Matroushi, President of the UAE Modern Pentathlon Federation, won the seat of Vice President of AMPC, after receiving 10 votes out of 21. Japan, Singapore, and Kazakhstan likewise won vice president seats as South Korea won the president seat.

Dr. Huda Al Matroushi expressed her delight at being elected by the AMPC General Assembly thanking all members for their trust.

TRENDS debuts its pavilion at Paris International Book Fair 2024

ABU DHABI, 13th April, 2024 (WAM) — TRENDS Research and Advisory Center has debuted its pavilion at the Paris International Book Fair 2024, in the presence of Rachida Dati, the French Minister of Culture, and Mathieu Lacombre, the Minister of Culture of Quebec, Canada, who was honoured as the exhibition’s guest of distinction.

Minister Rachida Dati and Minister Mathieu visited TRENDS’ Pavilion No. B29, situated in the Exhibition Center of the Grand Palais Éphémère in the heart of Paris. Both ministers acknowledged TRENDS’ dedication to scientific research, credibility, and global trust.

This event also marked the commencement of Minister Mathieu’s European research tour.

The two ministers were briefed on the scope of TRENDS’ work and publications, commending its diversity, depth of research, relevance to contemporary events, and forward-thinking vision.

At its dedicated pavilion, TRENDS showcases a rich assortment of research publications, including original works, translations, and a diverse range of scholarly series available in various languages. Featured among these are volumes from its specialised encyclopedia on the Muslim Brotherhood, publications exploring political Islamic movements, and the Arabic edition of “The Twenty-Year War: Jihadism and Counterterrorism in the 21st Century”.

Right from the onset, TRENDS’ pavilion garnered a significant attention from the diverse audience, boasting over 3,000 publishers from more than 100 countries. Officials, writers, and publishers from across the globe eagerly gathered to learn more about TRENDS’ top-tier research initiatives, meticulously crafted by a select group of experts and specialists. As they perused through the Center’s varied publications, they express profound admiration for its global research endeavours.

Of particular note were TREND’S Encyclopedia on the Muslim Brotherhood and its 11 books, several of which have been translated into multiple languages. These publications emerged as standout offerings from the Centre, drawing considerable interest and acclaim from attendees.

Distinguished guests on the exhibition’s opening day included not only various officials, writers, and researchers but also a cohort of master’s students from the Media and Publishing Programme at the University of Paris Serge.

Led by Gustavo Giroud, programme director, they engaged in an insightful dialogue session with TRENDS researchers.

The discussion delved into TRENDS’ publications and vision, as well as the pivotal role of think tanks and scientific research in enriching knowledge, interpreting events, as well as anticipating and shaping the future. Emphasising the significance of well-documented scientific research as the cornerstone of balanced knowledge content, the session underscored the importance of scholarly inquiry in determining our understanding of the world.

Visitors lauded the purposeful and impactful engagement of TRENDS at this premier cultural event in Europe, emphasising its global vision’s significance in disseminating knowledge and fostering international cooperation in research and studies.

They expressed admiration for the high-quality publications showcased at the pavilion and appreciation for TRENDS’ distinguished research efforts, which contribute to understanding the present and anticipating the future.
TRENDS researchers and the pavilion’s supervisory team actively participated in the exhibition’s initial planning meeting, where they presented their perspective on the importance of exhibitions in bridging knowledge gaps.
Later, TRENDS team and researchers visited the pavilion of the Romanian Cultural Institute, engaging with its director, Doina Marian, to discuss the importance of collaboration and establishing research partnerships.

TRENDS continues its engagement at the Paris International Book Fair 2024 by launching an original French-language book and unveiling its “Muslim Brotherhood’s Global Influence Index”. It will also host a dialogue session on media, culture, and the boundaries of influence in Arab-Western discourse, along with a global symposium on European-Gulf relations.

TRENDS delegation will further explore opportunities for collaboration and strengthen partnerships with major research and intellectual centres in Paris and across Europe. Meanwhile, the media team will record podcast episodes featuring influential figures in global culture.

Dr. Mohammad Abdullah Al-Ali, CEO of TRENDS, highlighted that the Center’s engagement in the Paris International Book Fair 2024 aligns with its commitment to knowledge dissemination, the advancement of think tanks and scientific research centres, as well as the presentation of its global perspective on various regional and international issues.

He stressed that this participation presents an opportunity to connect with eminent thinkers and researchers worldwide and forge new research partnerships.
Dr. Al-Ali added that during the exhibition and the subsequent French research tour, TRENDS’ agenda aims to further foster intellectual and research dialogues with international institutions. This endeavour, he noted, marks a significant stride in strengthening TRENDS’ position as a leading independent centre regionally and globally, while providing robust research outputs that contribute to knowledge dissemination and support the academic community with valuable insights.

European Central Bank leaves its key rate benchmarks unchanged at 4%

FRANKFURT, Germany 11th April, 2024 (WAM) — The European Central Bank signalled Thursday it could cut interest rates at its next meeting in June, a big step as the rich world’s central banks, including the U.S. Federal Reserve, wrestle with how soon declining inflation will let them lower credit costs for business and consumers, according to AP.

The bank left its key rate benchmarks unchanged at a record high of 4%, but bank President Christine Lagarde said a rate cut was now on the table.

If incoming data confirm inflation’s decline, “it would be appropriate to reduce the current level of monetary policy restriction,” she said at her post-decision news conference.

Gold prices hit record highs on Friday


WORLD CAPITALS, 12th April, 2024 (WAM) — Gold prices soared to a historic peak on Friday, with spot gold climbing 0.5% to $2,384.34 per ounce as of 0345 GMT, Reuters reported.

Bullion hit a record high 2,395.29 earlier in the session. US gold futures also gained 1.2% to $2,401.80.

Platinum rose 0.7% to $986.65 and palladium edged 0.1% higher to $1,049.83. All three were on track for a weekly gain.

World’s leading financial institutions raise China’s 2024 growth forecasts

BEIJING, 12th April, 2024 (WAM) — A number of leading global financial institutions and banks have revised their 2024 growth forecasts for China upward after improved data and effective policy delivery has raised expectations of a brighter outlook for the world’s second-largest economy.

According to China Central Television, Goldman Sachs forecasts a five percent growth, whereas Morgan Stanley has notably adjusted its projection to 4.8 percent from the previous estimate of 4.2 percent, aligning closely with China’s official target for gross domestic product (GDP) growth.

Last month, Citibank upgraded its forecast for China’s GDP expansion to 5.0 percent from 4.6 percent previously.

These adjustments were driven by China’s strong Purchasing Managers’ Index (PMI), stabilised property sector, better-than-expected exports and manufacturing activity.

Data from the National Bureau of Statistics showed the PMI for China’s manufacturing sector coming in at 50.8 in March, bouncing back to the expansion zone, while a private survey published on Monday by Chinese business media group Caixin showed manufacturing PMI in March growing to 51.1, up from 50.9 in the previous month.

In March, the sub-index for service business activity surged to 52.4, marking a notable increase of 1.4 percentage points compared to the preceding month.

A reading above 50 indicates expansion, while a reading below 50 reflects contraction.

WETEX 2024 to commence in Dubai in October


DUBAI, 12th April, 2024 (WAM) — Dubai Electricity and Water Authority (DEWA) is organising the 26th Water, Energy, Technology and Environment Exhibition (WETEX) from 1st to 3rd October 2024 at the Dubai World Trade Centre.

Saeed Mohammed Al Tayer, MD and CEO of DEWA, Founder and Chairman of WETEX, said that as one of the largest specialised exhibitions in the world, WETEX supports the UAE and Dubai’s efforts to mobilise international efforts aimed at accelerating the energy transition and achieving net-zero, especially in the UAE’s Year of Sustainability.

He added that the exhibition is a global platform to learn about the latest technologies, solutions, and innovations from all over the world to find solutions to current and future challenges and ensure a brighter and more sustainable future for all. Thanks to the continued support of the wise leadership, the exhibition has become an essential pillar in supporting the achievements of the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050 to provide 100% of Dubai’s total power production capacity from clean energy sources by 2050.

WETEX also enjoys increasing support from all stakeholders, sponsors, and partners who find it an ideal annual opportunity to exchange expertise and experiences, conclude deals, build partnerships, and explore investment opportunities in local and regional markets.

The 25th WETEX 2023 attracted around 2,600 companies from 62 countries worldwide and 76 sponsors from local and international companies and organisations. It included 24 international pavilions from 16 countries and covered an area of 78,000 square metres.

UAE President exchanges Eid Al-Fitr greetings with President of Syria, Prime Minister of Iraq


ABU DHABI, 12th April, 2024 (WAM) — President His Highness Sheikh Mohamed bin Zayed Al Nahyan exchanged Eid Al-Fitr greetings during phone calls today with His Excellency Bashar Al-Assad, President of the Syrian Arab Republic, and His Excellency Mohammed Shia’ Al Sudani, Prime Minister of the Republic of Iraq.

His Highness and Their Excellencies shared congratulations and best wishes on the occasion of Eid Al-Fitr and prayed that God continues to bestow His blessings on their countries and peoples.

They also expressed their hopes for God to grant stability and prosperity to Arab and Muslim nations and to the whole world.