October, 2022

• 3 October

  Dubai’s RTA awards contracts for internal roads

    Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has awarded a contract for constructing internal roads and lighting works at four residential communities of Dubai, namely Margham, Lahbab, Al Lesaily and Hatta. The project, which covers roads extending 37 km in total, also includes road works over 21 km and adding streetlights for existing roads stretching 16 km. ...

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• 3 October

  Dubai’s Al Quoz Creative Zone to attract 33,000 visitors a day

  

  Dubai / WAM The Higher Committee of the Al Quoz Creative Zone on Sunday approved the master plan for the Al Quoz Creative Zone during a meeting chaired by HH Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority (Dubai Culture) and Member of the Dubai Council. The master plan provides a comprehensive blueprint ...

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• 3 October

  Adnec group, WAM announce exclusive Media Labs concept

  

    Abu Dhabi / WAM The Global Media Congress (GMC), taking place in Abu Dhabi from November 15-17, has been strengthened by the addition of the Media Labs, an innovative new concept. These invitation-only roundtables will center around a thorough debate on key themes relating to the future of the media industry. Welcoming up to 50 participants from different regions, ...

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• 3 October

  Creative industry’s contribution to UAE’s GDP to grow to 5% by 2031

  

    Abu Dhabi / WAM The Ministry of Culture and Youth participated in the Unesco World Conference on Cultural Policies and Sustainable Development – MONDIACULT 2022, which took place in Mexico. A delegation headed by Salem Al Qasimi, Permanent Delegate of the UAE to Unesco, represented the UAE at the conference, while Noura bint Mohammed Al Kaabi, Minister of Culture ...

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• 3 October

  Aafaq Islamic Finance names Hessa Al Ghurair as new chief human capital officer

  

    ABU DHABI / Gulf Time Aafaq Islamic Finance, a leading provider of innovative Islamic financial services and products, has announced the appointment of Hessa Al Ghurair as its Chief Human Capital Officer. Hessa will oversee the development and implementation of initiatives for enhancing Aafaq’s talent base and achieving the company’s business objectives through transformational tools and practices. An accomplished ...

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• 3 October

  UAE wins presidency of Asian Chess Federation

    Abu Dhabi / WAM Sheikh Sultan bin Khalifa bin Shakhbout Al Nahyan has won the presidency of the Asian Chess Federation by acclamation for a fifth term until 2026, after closing the door for candidacy for the elections without any competitor applying for the position of president. Sheikh Sultan dedicated the sports achievement to the wise leadership, the Emirati ...

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• 3 October

  Telal showcases diamond-decorated outfit for Emirati groom

  

    Dubai / Gulf Time This year, Telal Gents’ Fashion made an extraordinary development in the history of fashion fairs in the region by joining the Gulf Bride Show, a leading exhibition of luxury women’s fashion for wedding occasions in the region. The show was organised at Dubai World Trade Center from September 14-18. The participation of Telal Gents’ Fashion, ...

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• 3 October

  Truss can’t neglect Tory jitters after mini-budget

  

  It is said that the Conservative Party only has two modes — triumph and panic. Under Liz Truss, the new prime minister, the party has gone from the first to the second in record-breaking time (with a strange interregnum for Queen Elizabeth’s funeral). Chancellor of the Exchequer Kwasi Kwarteng’s mini-budget, or “fiscal event” as he termed it, was the worst-received ...

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• 3 October

  Bond doomsayers are a little premature

  

  The credit-market bears may well be vindicated if the US enters a recession in the next year, but it’s too early to go full-scale Armageddon with predictions about corporate bond spreads. For all the economic headwinds, US corporations started the year from a position of extraordinary financial strength thanks to opportunistic refinancing in 2020 and 2021 and strong cash reserves ...

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• 3 October

  Gilt market problems aren’t unique to the UK

    The Bank of England recently announced that it would enter the market to buy government bonds (known as gilts) with a remaining maturity of 20 years or more. Although the central bank insists that its actions are “temporary,” to restore “orderly” markets, it’s not really clear what either of those words mean. 1 It was only on Sept. 21 ...

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