October, 2022

• 20 October

  Sheikh Abdullah holds talks with EU foreign policy chief

  

    ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has received a phone call from Josep Borrell, High Representative of the European Union for Foreign Affairs and Security Policy. HH Sheikh Abdullah and Borrell reviewed the importance of enhancing the values of tolerance, pluralism, respect and peaceful coexistence in ...

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• 20 October

  Abu Dhabi’s Mubadala takes stake in Germany’s Skyborn

  

    Abu Dhabi / WAM Mubadala Investment Company, the Abu Dhabi-based sovereign investor managing a global portfolio of assets valued at $284 billion, has acquired a stake in Skyborn Renewables, the world’s largest private offshore wind developer, alongside Global Infrastructure Partners (GIP). The acquisition of a 100% interest in Skyborn Renewables provides GIP and co-investors, including Mubadala, with access to ...

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• 19 October

  Jafza trades AED147bn worth of electronic products in 2021

  

  Dubai / WAM Jebel Ali Free Zone (Jafza), in its report published on Wednesday, explained that the Gulf’s electronics and electrical sector has grown sharply in the last few years, driven by rising disposable income, tourism and deep internet penetration rates, making the region one of the most connected globally. Due to its strategic location, Dubai is one of the ...

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• 19 October

  UAE ranks 25th globally in pension system: Report

  

  Abu Dhabi / WAM A Mercer Institute report focused on measuring global pension indicators revealed that the UAE is ranked 25th in its annual study, which included 44 global pension systems, equivalent to 65 percent of the world’s population. The report monitored relevant indicators regarding retirement income systems around the world, and highlighted several proposals that could contribute to providing ...

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• 19 October

  New marine service station opens in Al Hamriya Port

  

    Dubai / WAM Enoc group on Wednesday announced the opening of a new marine service station in Al Hamriya Port, Dubai, making it the eighth marine service station in the emirate. Al Hamriya port is a cargo gateway to Dubai. The port is well known for its flexibility, being able to berth different kinds of vessels from traditional dhows ...

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• 19 October

  flydubai launches flights to Osh, Kyrgyzstan

    Dubai / WAM flydubai has announced the launch of flights to Osh in Kyrgyzstan starting November 3 with a twice-weekly service, becoming the first UAE carrier to operate direct flights from Dubai. The addition of flights to Osh makes it the second point in Kyrgyzstan including the capital, Bishkek. With the launch of operations to Osh, flydubai expands its ...

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• 19 October

  marhaba expands airport lounge offering in Dubai

  

    Dubai / Gulf Time marhaba, part of dnata, continues to expand its lounge offering as passengers increasingly look for quality airport hospitality services to boost their travel experience. marhaba has re-opened a newly-refurbished lounge at Dubai International’s (DXB) Terminal 3. Located at Concourse ‘C’, the newest marhaba lounge features contemporary Arabic influences, enhanced buffet area. It offers comfortable seating ...

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• 19 October

  Will Joe Biden run again? Democrats need answer

  

  The midterms are coming, and with them, the pressure is building on President Joe Biden to let everyone know whether he is running in 2024. In a normal presidential election cycle, we would be about to hit the two-year mark in the “invisible primary.” That’s the period before voters get involved, in which candidates seek the support of key party ...

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• 19 October

  Banks should send Powell a thank-you note

  

    Shareholders and chiefs of America’s big banks should get some thank you cards over to Jerome Powell. The Federal Reserve’s interest rate increases have delivered a huge boost to revenue for Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co. so far this year without – as yet – causing any problems for borrowers. Okay, the residential ...

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• 19 October

  Forget overkill. Central banks still way behind

    Expectations of how much central banks will push interest rates higher to get inflation under control have increased to such an extent that some are starting to talk about overkill. Markets now think that benchmark rates in the US will top out at about 4.7% (from 3.25% now), 3% in the euro zone (from 1.25%), and 5.8% in the ...

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