September, 2022

• 29 September

  Adib expands ITM network in Abu Dhabi, Al Ain

    Abu Dhabi / Gulf Time Abu Dhabi Islamic Bank (Adib), a leading Islamic financial institution, announced the expansion of its popular Interactive Teller Machines (ITM) network with the addition of two new machines in Marina Mall, Abu Dhabi, and Oud Al Toba branch in Al Ain. The bank has witnessed a rapid growth in ITM usage year-on-year as of ...

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• 29 September

  Adnoc Distribution OKs $350m interim cash dividend for H1 ’22

  

    ABU DHABI / WAM Adnoc Distribution announced on Wednesday the approval of an interim dividend payment to shareholders for the first six months of 2022 of AED1.285 billion (10.285 fils per share), equivalent to $350 million. This is the first payment of what is expected to be a full-year 2022 dividend payment of minimum AED2.57 billion (20.57 fils per ...

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• 29 September

  WAM, Oman News Agency ink media cooperation deal

  

    Muscat / WAM A delegation from the Emirates News Agency (WAM) on Wednesday signed a media cooperation agreement with the Oman News Agency (ONA), on the sidelines of the official two-day visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to the Sultanate of Oman. The agreement aims to strengthen their cooperation in exchanging news and organising ...

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• 29 September

  IHC acquires majority stake in Emircom for AED250mn

  

    ABU DHABI / WAM International Holding Company (IHC) announced on Wednesday the completion of a 54% stake acquisition in Emircom, the Middle East’s leading information and communications technology (ICT) provider, through its subsidiary, IHC Digital. This AED250 million transaction comes as part of the IHC’s group-wide strategy to grow its digital assets portfolio and expand into new growth areas. ...

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• 29 September

  CNN Academy Abu Dhabi welcomes new participants

    ABU DHABI / WAM CNN Academy Abu Dhabi opened its doors for 2022 with a new group of 30 aspiring journalists eager to learn from experts at the world’s leading news brand. Becky Anderson, Managing Editor of CNN Abu Dhabi and Anchor of Connect the World, met the participants at twofour54’s Yas Creative Hub for a series of introductory ...

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• 29 September

  Adib expands ITM network in Abu Dhabi, Al Ain

  

    Abu Dhabi / Gulf Time Abu Dhabi Islamic Bank (Adib), a leading Islamic financial institution, announced the expansion of its popular Interactive Teller Machines (ITM) network with the addition of two new machines in Marina Mall, Abu Dhabi, and Oud Al Toba branch in Al Ain. The bank has witnessed a rapid growth in ITM usage year-on-year as of ...

  Read More »
• 29 September

  Shell acquires Nigerian solar firm in first Africa power buy

  

    Bloomberg Shell Plc’s renewable energy division acquired Daystar Power, an off-grid services provider in West Africa, in its first acquisition of a power firm on the continent. The takeover, which awaits regulatory approval, will enable Shell renewable and energy solutions business to deliver carbon emission reductions and power cost savings to commercial and industrial businesses across Africa, according to ...

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• 29 September

  CATL plans $1.9bn battery plant in China’s Luoyang City

    Bloomberg Contemporary Amperex Technology Co. Ltd., the world’s biggest battery maker for electric cars with almost 35% of the market, plans to build a 14 billion yuan ($1.9 billion) manufacturing base in the city of Luoyang in the central Chinese province of Henan. Construction of the project in Henan will take up to three years, CATL said in a ...

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• 29 September

  Trussonomics may be a gift for Labour, Keir Starmer

  

  Who is the real “change candidate” after 12 years of Conservative government in the UK: Keir Starmer, the leader of the opposition Labour party? Or Liz Truss, the fourth successive Tory prime minister? That is the question Starmer must answer at his annual party conference in Liverpool this weekend. The result of the next general election in two years’ time ...

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• 29 September

  BOE right to snub calls for emergency action

  

  The Bank of England’s next scheduled monetary policy gathering on Nov. 3 is a long, long way away. With the pound dropping to a record low against the dollar this week and UK borrowing costs surging, market soothsayers have called for an inter-meeting intervention. But Governor Andrew Bailey has resisted that temptation — and he’s right not to fall into ...

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