October, 2022

• 27 October

  EU, GCC discuss energy efficiency in construction

  

  Abu Dhabi / WAM The European Union (EU) organised a webinar titled “EU-GCC Webinar on Energy Efficiency in the Building Sector: A Key Driver for Net-Decarbonisation”. Held in the context of the EU Climate Diplomacy Weeks 2022 and ahead of COP27, the webinar brought together around 100 European and Gulf policymakers, representatives of the private sector, including industrial and building ...

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• 27 October

  UAE-Kazakhstan trade exchange amounts to $907 million in 2021

  

  Abu Dhabi / WAM   Madyar Menelikov, ambassador of Kazakhstan to the UAE, said that the UAE is one of Kazakhstan’s main trading partners in the Middle East, and the volume of trade exchange between the two countries during the past year amounted to $907 million. The announcement came during a ceremony on the occasion of Kazakhstan National Day. During the ...

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• 27 October

  Tecom reports 51% rise in nine-month net profit

  

  Dubai  / WAM    Tecom group PJSC  the creator of specialised business districts and vibrant communities, on Wednesday announced its financial results for the third quarter of 2022 and first nine months ending September 30. The group’s revenue stood at AED490 million, increasing 12.48% year-on-year (y-o-y) driven by rising occupancy levels across the portfolio, especially office, warehouse, and worker accommodation. Ebitda ...

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• 27 October

  FAB net profit jumps 19% to AED10.9b in 9 months of ’22

  

  Abu Dhabi / WAM  First Abu Dhabi Bank (FAB) on Wednesday announced that the group’s net profit amounted to AED10.9 billion in the first nine months of 2022, an increase of 19% compared to the same period last year with annualised earnings per share at AED1.29. In a statement on Wednesday, the bank said that the total income reached AED18 ...

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• 27 October

  UAE celebrating 50 years of close ties with Egypt, says Sheikh Mohammed

  

  Dubai / WAM  His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that the UAE and Egypt will begin another 50 years of solid and deep-rooted relations and joint efforts, under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Abdel Fattah El-Sisi, President of ...

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• 27 October

  Federal Tax Authority discontinues use of e-Dirham

  

  Abu Dhabi / WAM The Federal Tax Authority (FTA) has announced it will be discontinuing the use of the e-Dirham system in paying taxes as of next Sunday, October 30, replacing it with Magnati, the smart payment option from First Abu Dhabi Bank (FAB). Magnati provides advanced software solutions for online payments, using next-generation advanced technologies to provide a seamless ...

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• 27 October

  Sharjah announces action-packed agenda for UAE’s 51st National Day

  

  Sharjah / WAM The Sharjah National Day Celebrations Committee on Wednesday announced its activities’ agenda for celebrating the UAE’s 51st National Day. Events will take place across Sharjah’s cities and key tourist and cultural destinations from November 24 to December 3, shedding light on the country’s achievements, history, and heritage for a whole month. Heading towards its centenary after celebrating ...

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• 27 October

  Miral unveils new brand identity, announces portfolio worth $3.5b

  

  Abu Dhabi / WAM Miral on Wednesday unveiled its new visual identity and first brand campaign, signifying a new chapter of growth. It also announced its portfolio of projects under construction worth over AED13 billion ($3.54 billion) on Yas Island and across the emirate, with three new projects coming soon. The new visual identity was revealed at an internal event, ...

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• 27 October

  Europe gas glut to help ease winter LNG crunch in Asia

  

  Europe’s near-term natural gas supply glut means more fuel for Asia this winter. Liquefied natural gas (LNG) suppliers are already looking to redirect shipments to Asia for delivery from November onward due to more attractive prices. Asia LNG spot prices jumped above the European gas benchmark for the first time since June earlier this week. This is a reversal: For much ...

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• 27 October

  Germany ready to double Uniper aid to $60.14 billion in worst case

  

  Germany is preparing for a worst-case scenario in which it needs to double financial aid to Uniper SE, the nation’s biggest gas supplier, to $60.14 billion. Uniper’s financial situation is worsening with an expected adjusted net loss of $3.2 billion for the first nine months of the year as it buys more expensive wholesale gas to meet supply contracts after ...

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