November, 2022

• 16 November

  Green Future Project joins Hub71 to advance global climate solutions

  

    Abu Dhabi / WAM Green Future Project, an Italian ClimateTech platform that offers a turn-key solution for corporate sustainability practices, will contribute to Abu Dhabi’s sustainability efforts by enabling greater access to effective climate solutions for companies as well as individuals across the world from Hub71, Abu Dhabi’s global tech ecosystem. Through its best-in-class portfolio of certified projects, Green ...

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• 16 November

  Binance secures licence from Abu Dhabi regulator

  

    ABU DHABI / WAM Binance, world’s biggest cryptocurrency exchange, announced that it has received a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). The Financial Services Permission will enable Binance to provide custody to professional clients, provided they meet the conditions of the FSP as outlined by the Financial ...

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• 16 November

  Adib to provide Shari’a compliant banking services to ADGM entities

  

  Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib) signed a memorandum of understanding (MoU) with Abu Dhabi Global Market (ADGM), the international financial centre of the UAE capital, collaborating to support the growth needs of the financial community of Abu Dhabi. The MoU entails Adib providing ADGM registered and licensed entities and dedicated client managers Preferential Shari’a compliant banking ...

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• 16 November

  UAE leads global efforts to promote tolerance, says Sheikh Nahyan

  

  ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, has said that under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE leads global efforts to promote the values of tolerance and coexistence. In his keynote speech on the second day of the Global Media Congress marking the International ...

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• 16 November

  DXB welcomes SunExpress’ new flight

  

    Dubai / WAM Dubai International (DXB) added a new connection to its growing list of destinations with the launch of SunExpress’ direct flights between Dubai and the Turkish city of Izmir recently. This is the second Turkish route the carrier now operates into DXB after it launched scheduled operations to Antalya in September earlier this year. SunExpress is operating ...

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• 16 November

  Arada to showcase its existing projects at Cityscape Dubai

  

    Dubai / WAM Arada will once more take part in Cityscape Dubai, which is taking place between November 21-23 at the Dubai World Trade Centre. During the show, which brings together some of the region’s largest developers, Arada will showcase its existing projects, Aljada and Masaar, as well as announcing new expansion plans that cater to the exceptionally strong ...

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• 16 November

  Air Arabia launches new direct flights to Namangan

  

    Sharjah / WAM Air Arabia has announced the launch of a new route from Sharjah to Namangan in Uzbekistan. The new direct flights will connect Sharjah International Airport with Namangan Airport with three weekly flights starting from November 27. Adel Al Ali, Group Chief Executive Officer of Air Arabia, said, “We are glad to further expand our reach to ...

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• 16 November

  Make in India? It will take more than just subsidies

  

    Last week, while inaugurating a new aircraft factory in western India, Indian Prime Minister Narendra Modi returned to a slogan he coined a few months after taking power in 2014: “Make in India.” This time, however, he added: “Make for the world.” This isn’t the first time Modi has gestured toward India’s need to increase manufacturing exports. Still, the ...

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• 16 November

  Musk’s superpowers are being ignored

  

  There’s a lot of focus on Elon Musk’s Twitter Inc. purchase and plans to turn around the troubled social network. Most debates around the acquisition miss a crucial tenent of Musk’s glittering track record: He uses software to drive previously unimaginable advances in difficult problems, and then creates a virtuous spiral with investors and users. This approach is critical to ...

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• 16 November

  Inflation doves want it both ways with CPI quirk

    For much of the past year, interest rate doves have been eager to make excuses for inflation, blaming obscure methodological quirks in the US’s consumer price index for a stretch of concerning reports. Now, another of those peculiarities is pulling reported inflation down, but the doves are happy to look the other way. While there were certainly positive developments ...

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