November, 2022

• 4 November

  VFS Global: ESG reshaping brand communications

  

  Abu Dhabi / Gulf Time Investors’ and consumers’ attention has recently been focused on companies’ ESG components, making sustainable investing go beyond being just a buzzword. A 2020 survey carried out by HSBC revealed that 41% of regional investors in the Middle East wish to adopt an effective ESG investment policy. A report by PWC, released in May 2022, added ...

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• 4 November

  UAE Flag Day, symbol of our unity, strength, future: Ajman Ruler

  Ajman / WAM On UAE Flag Day, His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, stressed that the country’s flag is the symbol of its unity, strength and future. On the occasion, he said, “On this day, we extend our appreciation, gratitude and best wishes to the UAE’s leadership, headed by President His ...

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• 4 November

  Adnoc Refining inks deal to sell waste management operations

  

  Abu Dhabi / WAM Adnoc Refining, a joint venture company between the Abu Dhabi National Oil Company (Adnoc), Eni, and OMV, announced on Thursday that it has entered into a strategic agreement with ADQ, an Abu Dhabi-based investment and holding company, Veolia Middle East (Veolia), and Vision International Investment Company (Vision Invest) to acquire its waste management operations in Al ...

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• 4 November

  US condemns apparent failed ICBM test by North Korea

  

  The US condemned what it said was the test-launch of an intercontinental ballistic missile by North Korea on Thursday, as Pyongyang continued a barrage of weapons tests to protest allied military drills. The US urged North Korea to halt further “destabilizing” tests and return to negotiations over its nuclear weapons program, State Department spokesman Ned Price said in a statement. ...

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• 4 November

  Turkey drags out Sweden’s bid to join Nato

  

  Turkey is unlikely to sign off on Sweden’s bid for Nato membership before the end of the year, and the chances of this happening even before elections due next year are slim, according to officials familiar with the issue. Sweden has not done enough to meet Turkish demands and the Turkish parliament’s agenda is full for the rest of the ...

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• 4 November

  Bulgaria breaks with pro-Russia past, backs Ukraine military aid

  

  Bulgarian lawmakers approved the first military aid shipments to Ukraine since Russia invaded its neighbor in February, ending months of resistance from Russia-friendly political parties and the nation’s president. The Balkan country, which has close cultural and economic ties with Russia, was one of only two Nato and European Union members to provide no weaponry to Ukraine so far in ...

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• 4 November

  Pakistan’s Khan stable after shooting, blames government

  

  Former Pakistan premier Imran Khan underwent surgery to remove bullet fragments after he was shot in the leg at a rally in eastern Punjab province. He is in stable condition. Khan blames Prime Minister Shehbaz Sharif and others in his administration for the attack, according Asad Umar, a senior leader of his Pakistan Tehreek-e-Insaf party. Khan spoke to two senior ...

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• 4 November

  Selloff deepens after Fed warning, BOE rate hike

  

  Stocks and bonds fall as Jerome Powell’s warning that the Federal Reserve would raise interest rates more than previously anticipated sapped risk appetite. The dollar gained. Futures on the S&P 500 fall 1% in the wake of Wednesday’s 2.5% drop. The selloff spread to Europe and Asia, where China’s affirmation of its Covid-Zero stance dashed hopes of a reopening. Lumen ...

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• 4 November

  Byju’s finalising IPO valuing tutoring unit at up to $4 billion

  

  India’s most valuable startup, online-education giant Byju’s, is finalising plans for a $1 billion initial public offering (IPO) of its tutoring business Aakash Educational Services. The company is in talks with at least four foreign banks — JPMorgan Chase & Co., Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley — as well as Indian banks including Kotak Mahindra Bank. ...

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• 4 November

  Boeing rises on plan to reach $10b cash flow by mid-2020s

  

  Boeing Co. shares jumped after Chief Executive Officer (CEO) Dave Calhoun said the planemaker could generate $10 billion in cash annually by mid-decade, once it turns around its operations after years of setbacks and miscues. The company’s stock posted the largest gain in the 30-member Dow Jones Industrial Average as executives laid out plans to speed jetliner output and return ...

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