October, 2022

• 24 October

  Saudi launches bid to attract $10b supply chain investment

  

  Saudi Arabia has earmarked 10 billion riyals ($2.7 billion) to provide incentives for global supply firms to invest in the kingdom, part of plans to develop its economy as a hub for industrial companies. Crown Prince Mohammed bin Salman bin Abdul Aziz announced the plans as part of Saudi Arabia’s Global Supply Chain Resilience Initiative on Sunday, that aims to ...

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• 24 October

  ERC launches several projects in Mauritania

  

  NOUAKCHOTT / WAM The Emirates Red Crescent (ERC) has launched several development projects in Aghlik bin Bayyah Village, as part of its continuous efforts to support vital services in Mauritania. The projects included the rehabilitation of a medical centre in the village and the Holy Quran Memorisation Institute. An artesian well was dug and provided with a solar-powered tank and ...

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• 24 October

  No room for political polarisation at COP27: Egyptian foreign minister

  

  Abu Dhabi / WAM     Egypt’s Foreign Minister Sameh Shoukry has articulated the central importance of the ‘COP27’ his country will host next month in the winter resort of Sharm El Sheikh, calling for pulling the 27th Conference of the Parties of the UNFCCC out of the ongoing context of “strong political and economic polarisation and the dynamics of politicisation and ...

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• 24 October

  Khalifa Al Muhairbi named ‘Arab Real Estate Developer’ in Mena for second year

  

  Abu Dhabi / Gulf Time The Future Forum for Arab Investments (FF2020AI) announced the awarding of the Emirati businessman and founder of the Arabian Gulf Investments Group in Abu Dhabi, Khalifa Saif Al Muhairbi, the title of the Arab Real Estate Developer in the Middle East and North Africa for the second year in a row, in recognition of his ...

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• 24 October

  DIEZ cooperates with DP World to support Tumoohi initiative

  

  Dubai Integrated Economic Zones Authority (DIEZ), announced on Sunday a collaboration with DP World to support the Tumoohi Initiative. This falls in line with its ongoing commitment to empowering young Emirati competencies and preparing the next generation of leaders in the logistics and trade sectors. Tumoohi is a recognised training programme initiative by DP World, designed to boost the careers ...

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• 24 October

  University of Sharjah is an edifice of glorious achievement

  

  Sharjah / WAM His Highness Sheikh Dr. Sultan bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah and Founder of University of Sharjah (UoS), attended, in the presence of Sheikh Sultan bin Ahmed Al Qasimi, Deputy Ruler of Sharjah and President of the UoS, the University’s celebrations of its silver jubilee in front of the main campus. His ...

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• 24 October

  Australia joins pledge to cut methane emissions 30% by 2030

  

  Australia joined the Global Methane Pledge, becoming one of the last major developed economies to sign on to an effort to reduce emissions of the potent greenhouse gas 30% from 2020 levels by the end of this decade. Announcing the decision to sign the methane pledge on Sunday, Climate and Energy Minister Chris Bowen said meeting the 2030 target could ...

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• 24 October

  Musk could use some extra Tesla mojo

  

  Liam Denning In between dabbling in geopolitics and buying-rejecting-not-really-buying Twitter, Elon Musk runs a car company. Tesla Inc. reported results that were somehow simultaneously great and yet humdrum. Revenue jumped 56% versus a year ago, but missed expectations by 3%; the stock fell slightly after hours on Wednesday. Such is the flip-side of high expectations. Musk appeared on the call ...

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• 24 October

  Let’s make sure lab-grown viruses stay in laboratory

  

  Faye Flam Researchers at Boston University sparked alarming headlines this week by creating a more lethal version of the omicron Covid variant. At the heart of the uproar is the fact that the researchers didn’t have any obligation to inform anyone beyond an internal review board about what they were doing. Some officials at the National Institutes of Health only ...

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• 23 October

  Adidas next CEO faces tough job with unsold shoes piling up

  

  Adidas AG’s next chief executive officer is set to inherit an even tougher job. The company warned that unsold goods are piling up as consumer demand weakens across China and western markets. That sent the German sport apparel maker’s stock slumping as much as 10%. Problems are accumulating under outgoing Chief Executive Officer Kasper Rorsted, including a publicity crisis over ...

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