November, 2022

• 9 November

  China stock rally pauses as Covid cases increase most since April

  

  Chinese stocks halted a recent rally as a jump in Covid-19 infections and official comments defending Covid Zero dented optimism for a potential reopening. The Hang Seng China Enterprises Index slipped 0.6% on Tuesday, following gains of about 14% over the past five days. A separate gauge on Chinese tech shares trading in Hong Kong falls 1.6%. China’s potential exit ...

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• 9 November

  Mubadala Health opens multi-specialty clinic in Dubai

  

  Dubai / WAM Mubadala Health announced the opening of its new facility in Dubai, which will provide multidisciplinary medical, paediatric, and surgical specialties that include cardiology, dermatology, neurology, endocrinology, plastic surgery, and orthopedics. The state-of-the-art facility includes 96 consultation rooms, 4 operating rooms, 2 endoscopy suites, as well as an in-house laboratory, in-house pharmacy, radiology department, dedicated rehabilitation gyms and ...

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• 9 November

  CBBC Big Sale witnesses overwhelming response

  

  Dubai / GULF TIME The second edition of the CBBC Big Sale took place at Coca-Cola Arena from November 3-6. The overwhelming response and the demand from the customers for the sale was why CBBC Big Sale came back to the Coca-Cola Arena. CBBC had set the standards last time and this time it introduced even more mouthwatering deals and ...

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• 9 November

  Adnic reports AED267.6mn net profit in first nine months of ’22

  

  Abu Dhabi / WAM Abu Dhabi National Insurance Company (Adnic) reported its financial results for the nine-month period ended September 30, announcing a net profit was AED267.6 million, net technical profit of AED173.8 million and net investment and other income of AED93.8 million. Commenting on Adnic’s performance, Sheikh Mohamed bin Saif Al-Nahyan, Chairman of Adnic, said, “Adnic has delivered solid ...

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• 9 November

  Ajman Ruler opens new HQ of International Charity Organisation

  

  Ajman / WAM His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, lauded the support of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, for charity and humanitarian work, while inaugurating the ...

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• 9 November

  North Korea again denies US charges of selling arms to Russia

  

  North Korea denied US allegations it was selling arms to Russia for use in Ukraine, amid worries Pyongyang could be moving closer to Moscow as it faces criticism from Washington over its weapons tests. “We once again make clear that we have never had ‘arms dealings’ with Russia and that we have no plan to do so in the future,” ...

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• 9 November

  UK to delay Northern Ireland vote, hopes for EU deal first

  

  The UK will legislate to extend the deadline for holding an election in Northern Ireland, people familiar with the matter said, to allow time to strike a deal on the region’s Brexit status with the European Union. The plan will be announced in Parliament on Wednesday, said the people, who spoke on condition of anonymity. The current expectation is that ...

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• 9 November

  US midterm: Biden says House ‘tougher’ to keep than Senate

  

  President Joe Biden acknowledged Democrats face a “tougher” challenge holding the House than the US Senate on the eve of Tuesday’s midterm elections. “I think it’s going to be tough but I think we can. I think we’ll win the Senate. I think the House is tougher,” Biden told reporters Monday at the White House, after he was asked if ...

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• 9 November

  Virgin Atlantic seeks new operating slots at Heathrow

  

  Virgin Atlantic Airways Ltd. is seeking additional operating slots at London’s Heathrow Airport as the carrier looks to add more routes to the US and Asia with the arrival of new jets from Airbus SE. The airline, which narrowly avoided collapse during a funding squeeze at the height of the coronavirus crisis, is seeking takeoff and landing positions at Europe’s ...

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• 9 November

  British Airways owner to return capacity to pre-pandemic levels

  

  British Airways parent IAG SA said it will return passenger capacity almost to pre-pandemic levels at the start of next year as demand for travel holds up despite a Europe-wide surge in the cost of living. Capacity in the first quarter of 2023 is expected to be around 95% of the 2019 figure, compared with 87% in the current three ...

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