Latest news with #ThaniAlZeyoudi
Zawya
2 hours ago
- Business
- Zawya
Mohammed bin Rashid announces changes to UAE government
Following consultations and approval of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, announced today changes to the UAE government. His Highness Sheikh Mohammed bin Rashid said, 'Following consultations with my brother, His Highness the President, and with his approval, we announce today changes to the UAE government as follows: establishment of a Ministry of Foreign Trade in the UAE government and appointment of Dr. Thani Al Zeyoudi as Minister of Foreign Trade, and renaming the Ministry of Economy to Ministry of Economy and Tourism led by Abdullah bin Touq Al Marri.' He added, 'We also announce that the National Artificial Intelligence System will be adopted as an advisory member in the Council of Ministers, the Ministerial Development Council, and all boards of federal entities and government companies starting from January 2026 to support decision-making in these councils, conduct real-time analyses of their decisions, provide technical advice, and enhance the efficiency of government policies adopted by these councils across all sectors.' His Highness Sheikh Mohammed bin Rashid said, "The world is undergoing a comprehensive transformation phase… scientifically... economically... and socially... our goal is to prepare today for the coming decades... our goal is to ensure continued prosperity and dignified life for future generations."
Zawya
5 hours ago
- Business
- Zawya
Mideast Stocks: UAE stocks bounce back amid hopes of regional de-escalation
Stock exchanges in the United Arab Emirates rebounded on Friday, buoyed by hopes of a potential de-escalation in regional tensions. Investor sentiment improved following European efforts to bring Tehran back to the negotiating table and a pause in U.S. involvement in the Middle East conflict. The White House said on Thursday that President Donald Trump would decide on "whether or not to go" with U.S. involvement in the conflict in the next two weeks, citing the possibility of negotiations involving Iran in the near future. Dubai's main index snapped a three-day losing streak, rising 1.6%, driven by gains in real estate and materials sector stocks. Among the top performers, Dubai's developer Emaar Properties jumped 1.2%, while state-owned Parkin Company advanced 4.8%. Separately, UAE created a new ministry of foreign trade, and appointed Thani al Zeyoudi as its minister, the United Arab Emirates prime minister and Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum said in a post on X on Friday. Abu Dhabi's benchmark index (.FTFADGI) also rebounded, gaining 1% after three consecutive sessions of losses. First Abu Dhabi Bank rose 2.7%, while Adnoc Gas advanced 2.5%. Real estate developer Aldar Properties gained 4.5% after reporting over AED 3.5 billion in sales at its Fahid Beach Residences and The Beach House projects. Despite Friday's gains, Dubai's index posted a second consecutive weekly loss, down 0.2% after nine straight weeks of gains. Abu Dhabi mirrored the trend with a 0.5% weekly decline, according to LSEG data. Meanwhile, oil prices — a key driver of Gulf financial markets — fell 2.3% to $77.04 per barrel as of 11:40 GMT. (Reporting by Mohd Edrees in Bengaluru; Editing by Shailesh Kuber)
Reuters
6 hours ago
- Business
- Reuters
UAE stocks bounce back amid hopes of regional de-escalation
June 20 (Reuters) - Stock exchanges in the United Arab Emirates rebounded on Friday, buoyed by hopes of a potential de-escalation in regional tensions. Investor sentiment improved following European efforts to bring Tehran back to the negotiating table and a pause in U.S. involvement in the Middle East conflict. The White House said on Thursday that President Donald Trump would decide on "whether or not to go" with U.S. involvement in the conflict in the next two weeks, citing the possibility of negotiations involving Iran in the near future. Dubai's main index (.DFMGI), opens new tab snapped a three-day losing streak, rising 1.6%, driven by gains in real estate and materials sector stocks. Among the top performers, Dubai's developer Emaar Properties ( opens new tab jumped 1.2%, while state-owned Parkin Company ( opens new tab advanced 4.8%. Separately, UAE created a new ministry of foreign trade, and appointed Thani al Zeyoudi as its minister, the United Arab Emirates prime minister and Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum said in a post on X on Friday. Abu Dhabi's benchmark index (.FTFADGI) also rebounded, gaining 1% after three consecutive sessions of losses. First Abu Dhabi Bank ( opens new tab rose 2.7%, while Adnoc Gas ( opens new tab advanced 2.5%. Real estate developer Aldar Properties ( opens new tab gained 4.5% after reporting over AED 3.5 billion in sales at its Fahid Beach Residences and The Beach House projects. Despite Friday's gains, Dubai's index posted a second consecutive weekly loss, down 0.2% after nine straight weeks of gains. Abu Dhabi mirrored the trend with a 0.5% weekly decline, according to LSEG data. Meanwhile, oil prices — a key driver of Gulf financial markets — fell 2.3% to $77.04 per barrel as of 11:40 GMT.
Reuters
11 hours ago
- Business
- Reuters
UAE creates foreign trade ministry, prime minister says
DUBAI, June 20 (Reuters) - UAE created a new ministry of foreign trade, and appointed Thani al Zeyoudi as its minister, the United Arab Emirates prime minister and Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum said in a post on X on Friday.
Al Etihad
a day ago
- Science
- Al Etihad
NYU Abu Dhabi Class of 2025: Celebration of academic excellence
19 June 2025 11:35 ABU DHABI (ALETIHAD)NYU Abu Dhabi (NYUAD) has held its 12th commencement ceremony to honour the Class of 2025. Some 530 students representing more than 85 countries participated in the largest graduating class that NYUAD has held since its inception in attendance were His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs; His Excellency Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade; Her Excellency Martina Strong, US Ambassador to the UAE; Evan R Chesler, Chair of the NYU Board of Trustees; Rima Al Mokarrab, NYU Trustee; and Linda Mills, NYU keynote speech was delivered by former NASA astronaut and geophysicist, Andrew said, 'It's been said that luck is where preparation meets opportunity, and with opportunity comes obligation. You now have an opportunity to launch from this place and continue your life mission. You also have an obligation to strive to work to the best of your ability to reach your mission objectives along this path. Some days, optimism can be elusive. However, we as humans are capable of the most beautiful and significant acts of love and kindness toward each other. Many things in life will catch your eye, but few will catch your heart; pursue those things.'Vice Chancellor at NYUAD, Fabio Piano, said, 'You arrived just as the world emerged from a global pandemic, a moment that reminded us how fragile, and how deeply interconnected, we really are. Reminding us that the biggest challenges of our time, climate change, inequality, global health, are global in nature and cannot be solved by any one nation alone. And you responded. You brought your voices, your values, your creativity. You studied, debated, researched, and built. You launched ideas and companies and NGOs, published influential papers and books, and made new solutions to help the world with medical devices or beautiful music that was played from space.'Class of 2025 Emirati student, Khalid Alzeyoudi, who majored in computer engineering, offered welcome of 2025 student, Pauline Wee, spoke on behalf of the graduating class. Originally from the Philippines, Wee completed a double major in Computer Science and Business, Organisations, and Society with a minor in Interactive said, 'Four years ago, NYUAD chose you. And you chose NYUAD. Since then, so many people have chosen to nurture your mind, cultivate your character, and change your life. In turn, you have chosen to pour so much back into this community. Going forward, how will you choose to change the world beyond Saadiyat? What commitments will you make to those around you? What will you choose to put your head, your heart, and your hands towards? Only you can decide. But I have the utmost faith that we will all continue to choose well."From its inception, NYUAD has been one of the most selective higher education institutions in the world. Times Higher Education ranks NYU among the top 35 universities in the world, making NYU Abu Dhabi the highest globally ranked university in the UAE and MENA from high schools around the world, NYUAD's current student body consists of some 2,200 undergraduate and graduate students from diverse date, NYUAD has produced 24 Rhodes Scholars, 20 Schwarzman Scholars, and 16 Fulbright four percent of those who applied to be a part of the Class of 2025 were accepted for admission, and the standardised test profile of the Class of 2025 matched those of the most elite higher education institutions in the their four years, the Class of 2025 has excelled in both academic and extracurricular pursuits. It has participated in student clubs, athletic groups, and built ties with the Abu Dhabi percent of the graduating class held at least one internship during their academic career in some of the world's most respected organisations such as the Abu Dhabi Investment Authority, Goldman Sachs, Google, National Geographic, Tiktok (ByteDance), UAE Ministry of Foreign Affairs & International Cooperation, and World Economic Forum, among have received graduate school offers from a range of institutions, including Columbia University SIPA, Harvard University, Imperial College London, London Business School, and University of have also secured offers of employment from key local and global organisations, including Abu Dhabi Investment Council, Amazon, Department of Culture and Tourism, Meta, and World Food Programme, among opened in 2011 with an ambitious vision to be one of the world's great research universities, addressing complex challenges of local and global significance. Since then, the University has been ranked number one in the UAE for producing publications in top science journals based on Nature index, filed applications for more than 245 research patents, created and directed more than 630 creative works, and produced over 9,200 research publications, among other achievements.
