October, 2022

• 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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• 26 October

  UAE, Italy share a deep cultural connect: Envoy

  

  Abu Dhabi / WAM The choice of Italy as the guest of honour at the Sharjah International Book Fair this year is an eloquent reflection of the interest the UAE people have in Italian culture, a top Italian diplomat told the Emirates News Agency (WAM). In an exclusive interview, Lorenzo Fanara, the new ambassador of Italy to the UAE, said ...

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• 26 October

  Halliburton earnings double amid surging global crude demand

  

  Halliburton Co. surpassed profit expectations amid a tight market for oilfield supplies as the world’s biggest provider of frack services gears up for increasing activity around the world. The company reported adjusted per-share profit of 60 cents in the three months through September, higher than the average estimate from analysts in a Bloomberg survey, and more than double the figure ...

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• 26 October

  Oil follows Wall Street higher as dollar weakness lifts markets

  

  Oil rises as the dollar tumbled, energising markets while investors continue to evaluate the potential for slowing commodities demand against near-term supply tightness. West Texas Intermediate traded near $86, temporarily finding direction from equity markets, which have been recently boosted by earnings reports. The dollar slid, providing an extra boost for commodities that are priced in the currency. Since late ...

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• 25 October

  Are Hong Kong pensions worse than Singapore’s?

  

  Andy Mukherjee In May, the South China Morning Post published a letter from a reader who wrote to say that Hong Kong’s Mandatory Provident Fund should be abolished as “it has failed on multiple levels from the perspective of ordinary citizens.” Replace it with a universal basic income, he suggested. Hong Kong was recently graded C+ in the Mercer CFA ...

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• 25 October

  California set to overtake Germany as No. 4 economy

  

  Matthew A. Winkler Gavin Newsom is as familiar as anyone with the media narrative of earthquakes, persistent wildfires, droughts, homelessness and companies fleeing California to Texas for a tax- and regulation-free lifestyle. This is nothing new. California’s governor recalls a 1994 Time Magazine cover story citing “a string of disasters rocks the state to the core, forcing Californians to ponder ...

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• 25 October

  Cost-of-living crisis brings back 1970s shopping habits

  

  Nearly three-quarters of European consumers are cutting back spending on everyday items, including food, to make ends meet amid a worsening cost-of-living crisis. A new survey shows that 71% of consumers across six key markets in Europe have already made significant changes to how they shop as they battle to cope with inflation that is reaching levels not seen in ...

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• 25 October

  Antitrust watchdog to investigate surging Canadian grocery prices

  

  Canada’s Competition Bureau is launching a study of grocery store competition in the country amid a growing outcry over surging prices for food. While extreme weather, higher input costs, supply chain disruptions and Russia’s invasion of Ukraine may have contributed to higher food inflation, the antitrust watchdog said it wants to better understand whether lack of competition is also at ...

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