October, 2022

• 27 October

  Barclays planning to create 1,000 jobs in coming weeks

  

  Barclays Plc plans to hire more than 1,000 staff in the coming weeks to help consumers manage their finances through the looming downturn, according to Chief Executive Officer (CEO) C.S. Venkatakrishnan. The British bank follows similar moves by HSBC Holdings Plc and Virgin Money UK Plc as consumers struggle with the fastest price rises in four decades coupled with high ...

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• 27 October

  Hong Kong rout threatens $15bn derivatives held by Koreans

  

  The latest tumble in Hong Kong stocks puts at risk of losses the around $15 billion of complicated structured products linked to that market that have mostly been sold to retail investors in South Korea. As of September, $14.8 billion of equities-linked securities products, or ELS, tied to Hang Seng China Enterprises Index had yet to mature, according to the ...

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• 27 October

  Technology giants weigh on US futures; Treasuries gain

  

  US equity futures fall as megacap technology shares slumped in pre-market trading, marring a three-day rally on Wall Street and raising new doubts over whether this year’s $5.5 trillion selloff is nearing a bottom. Contracts on the Nasdaq 100 fell more than 1% after disappointing quarterly updates from Microsoft Corp., Google parent Alphabet Inc. and Texas Instruments Inc. S&P 500 ...

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• 26 October

  UAE, UK discuss ways to bolster bilateral ties

  

  Abu Dhabi / WAM  HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, discussed during a phone call with James Cleverly, UK’s Secretary of State for Foreign, Commonwealth and Development Affairs, the friendship relations, bilateral relations and ways to enhance them for the mutual interest of both friendly countries. The two sides reviewed the latest ...

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• 26 October

  UAE government revenues up 26% in 2021: Ministry

  

  Abu Dhabi / WAM The Ministry of Finance (MoF) released on Tuesday the preliminary government finance statistics data for year 2021, in accordance with the criteria of the Government Finance Statistics Manual issued by the International Monetary Fund (IMF). This comes in line with the Open Data Policy set by the UAE. During 2021, the revenues at the federal level ...

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• 26 October

  Masdar buys UK firm to advance renewable energy storage market

  

  Abu Dhabi / WAM Masdar on Tuesday announced it has acquired the UK-based battery energy storage system (BESS) developer Arlington Energy. The acquisition will enable Masdar to expand its presence in the UK and European renewable energy markets and support countries’ net-zero objectives. Based in London, Arlington Energy has a proven record in developing, building, operating and financing flexible energy ...

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• 26 October

  UAE an active member of UN with key role in achieving global peace

  

  Dubai / WAM  Mageed Yahia, UN Resident Coordinator ad interim for the UAE, and WFP Director in the UAE and Representative to the GCC, said that this year’s celebration of the United Nations Day coincides with the 50th anniversary of the UAE’s membership in the international organisation, highlighting the country’s prominent role in hosting international organisation offices in the country. ...

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• 26 October

  24th Wetex, Dubai Solar Show attracts 47,415 visitors

  

  Dubai / WAM The Water, Energy, Technology and Environment Exhibition (Wetex) and Dubai Solar Show (DSS), organised by Dubai Electricity and Water Authority (Dewa), attracted 47,415 visitors in its 24th edition. 1,750 companies from 55 countries worldwide participated in the exhibition under the theme ‘At the Forefront of Sustainability.’ Wetex & DSS highlighted the latest global solutions, technologies and innovations ...

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• 26 October

  Edge to showcase its products at Indo Defence 2022 in Jakarta

  

  Abu Dhabi / WAM Edge group has announced that it will participate in the Indo Defence Expo and Forum in Jakarta from November 2-5. As one of the world’s top 25 advanced technology groups for defence and beyond, Edge has seized the opportunity of exhibiting at a major international industry event to showcase its products and solutions to the Indonesian ...

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• 26 October

  Dubai’s DP World posts 2.5% like-for-like volume growth

  

  Dubai / WAM DP World Limited handled 59.6 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in nine months of 2022, with gross container volumes increasing by 2.0% year-on-year on a reported basis and up 2.5% on a like-for-like basis. On a Q3 2022 basis, DP World handled 20.1 million TEU, up 1.5% year-on-year and up ...

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