October, 2022

• 6 October

  Bankers hope to end Asia M&A slump via smaller deals, less debt

  

  Bloomberg Asia’s financial hub is letting people go on a proper holiday for the first time since the pandemic began. For bankers in Hong Kong, the chance to take a break also speaks to a steep fall in dealmaking activity — in the city, and across the region. While the decline has been global, it’s been particularly acute in Asia ...

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• 6 October

  Indonesia set for smaller rate hikes

  

  Bloomberg Indonesia’s central bank could settle for quarter-point moves at its upcoming policy rate meetings after September inflation came in lower than estimates despite the fuel price hike, economists said. Maybank Investment Banking Group trimmed its forecast for Indonesia’s 2022 average inflation to 4.5% from 5.2%. To be sure, the increase in transport fares and the rebound in consumer demand ...

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• 5 October

  US equity-index futures fall amid fizzling Fed-pivot talk

  

    Bloomberg US equity-index futures fall as investors took a pause from a rally driven by bets for less hawkish central banks, and sought more evidence that inflation is moderating. December contracts on the S&P 500 and Nasdaq 100 dropped 0.9% each after the underlying indexes scaled two-week highs. Treasuries slid across the curve and the dollar rose for the ...

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• 5 October

  Short sellers forced to fold as S&P 500 surges

  

    Bloomberg One by one, short sellers are being forced to capitulate as market expectations grow for a slower pace of central bank tightening. Whether in stocks or bonds, bearish bets are being dealt a blow as US data begin to reflect the fallout from the Federal Reserve’s aggressive rate hikes. A dovish pivot by the Reserve Bank of Australia ...

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• 5 October

  ISNR Abu Dhabi 2022 to see record participation from local, global firms

  

    Abu Dhabi / WAM Under the patronage of HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, the activities of the International Exhibition of National Security and Resilience (ISNR Abu Dhabi 2022) are scheduled to begin from October 10-12 at the Abu Dhabi National Exhibition Centre (Adnec), with record participation confirmed ...

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• 5 October

  Multiply group acquires 80% of IEH to grow its utilities portfolio

  

    Abu Dhabi / WAM Multiply group, an Abu Dhabi-based holding company, acquired 80% of International Energy Holding LLC (IEH). International Energy Holding recently acquired a 50% stake in Kalyon Enerji Yatrimlari AÅž, a market-leading clean and renewable energy company based in Türkiye. Under IEH, Multiply Group aims to continue expanding its utilities and energy investments globally. Kalyon Enerji’s assets ...

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• 5 October

  UAE leaders wish King of Lesotho on Independence Day

    Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to King Letsie III of the Kingdom of Lesotho on the occasion of his country’s Independence Day, which is marked on October 4. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ...

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• 5 October

  Arada awards contracts to build 740 homes in Sharjah

  

    Dubai / WAM Arada has awarded two major contracts to build nine premium apartment blocks in Aljada, the 24 million square foot mixed-use megaproject located in the Muwaileh area of New Sharjah. Consisting of 740 homes in total, the buildings include the five Sokoon blocks, two new apartment blocks located close to Aljada’s museum and the two Gate buildings, ...

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• 5 October

  GCC needs to invest $85b to achieve sustainable waste management

  

    Dubai / WAM With the expansion of GCC urban areas, municipalities in the GCC are challenged to handle the ever-increasing waste generation through the existing landfill strategies. However, many GCC countries are already investing to improve their waste management, with deals soaring in volume and value in 2019, according to a new report by Boston Consulting Group (BCG) in ...

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• 5 October

  Wizz Air Abu Dhabi starts its first flight to Maldives

  

  Abu Dhabi / Gulf Time Wizz Air Abu Dhabi, the ultra-low-fare national airline of the UAE, announced the launch of its first flight to Male in the dreamy islands of the Maldives on the October 4. The route will be operated four times per week in October, every Tuesday, Thursday, Saturday and Sunday, increasing to six times per week in ...

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