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Burjeel Holdings successfully lists on ADX, raises over AED1.1b

  Abu Dhabi / WAM Burjeel Holdings PLC listed on Monday on the Abu Dhabi Securities Exchange (ADX), following the completion of its initial public offering (IPO). The IPO, which raised gross proceeds of more than AED1.1 billion for the offering of 11 percent of the company’s total issued share capital, attracted total gross demand of more than AED32.0 billion ...

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SCDTA launches ‘SharjahVerse’, ‘Shj AI Guide – Robot’

  Dubai / WAM The Sharjah Commerce and Tourism Development Authority (SCTDA) is harnessing the power of emerging technologies to enrich user experience with the launch of its innovative AI- and Metaverse-based projects at Gitex Global 2022, an inclusive tech show that brings together enterprises, governments, startups, investors, coders, academia and youth. Announcing the launch at a press conference at ...

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Putin threatens more missile attacks on Ukraine as cities hit

Bloomberg President Vladimir Putin threatened further missile attacks on Ukraine after Russia hit Kyiv and other cities in the most intense barrage of strikes since the first days of its invasion, marking a dangerous new escalation in the war. Monday’s bombardment came a day after Putin accused Ukrainian forces of carrying out an explosion that damaged a flagship road and ...

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Ukraine’s allies can’t get arms fast enough as stockpiles shrink

Bloomberg With Russia’s war in Ukraine in its eighth month, some European nations that have funneled weapons to Kyiv are running low, and it could take years for defense contractors to meet the shortfall. Nato states are urging companies to boost production to help them restock — to both resupply Ukraine and reinforce their own stores in a climate of ...

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Facebook warns 1 million users login information compromised

  Bloomberg Meta Platforms Inc. said it would notify roughly 1 million Facebook users that their account credentials may have been compromised due to security issues with apps downloaded from Apple Inc. and Alphabet Inc.’s software stores. The company announced that it identified more than 400 malicious Android and iOS apps this year that target internet users in order to ...

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UK needs to cut 200,000 jobs to avoid debt spiral

  Bloomberg The UK needs to cut 200,000 government jobs over the next couple of years to avoid adding billions to the national debt, according to the Institute for Fiscal Studies (IFS). Public-sector wages are on track to increase 5% this year, around half the current rate of inflation but higher than budgeted when spending plans were drawn up in ...

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US trade deficit narrows for a 5th month to smallest in a year

  Bloomberg The US trade deficit shrank for a fifth month in August to the smallest in more than a year, reflecting a decline in the value of imports that’s poised to lend support to economic growth in the third quarter. The trade gap in goods and services narrowed by $3.1 billion, or 4.3% from a month earlier, to $67.4 ...

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UAE ministry hosts event to mark Prophet Muhammad’s birthday

Abu Dhabi / WAM Noura bint Mohammed Al Kaabi, Minister of Culture and Youth, attended “Expressions of Malid”, an event to mark the birth anniversary of Prophet Muhammad (PBUH) on Saturday at the Abu Dhabi Creative Hub. The event featured several performances by Emirati and Arab bands. The artists presented songs and recited poems expressing their love for the Prophet ...

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Enec, UAE Cyber Security Council ink deal to support energy sector

  Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) on Sunday signed a memorandum of understanding (MoU) with the UAE Cyber Security Council to support the development and review of national level strategies, polices and standards for the cybersecurity of the UAE energy sector. The agreement was signed at Enec headquarters in Abu Dhabi by His Excellency Mohamed ...

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