October, 2022

• 12 October

  Adnic to provide exclusive services to Jafza members

  

  Abu Dhabi / WAM Abu Dhabi National Insurance Company (Adnic) has signed an agreement with Jebel Ali Free Zone (Jafza) to provide medical and property insurance at exclusive rates for the free zone community’s employees and customers. The agreement was signed between Ahmad Idris, Chief Executive Officer of Abu Dhabi National Insurance Company (Adnic), and Ahmad Al Haddad, Chief Operating ...

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• 12 October

  ADCB tops GCC banks in ESG risk

    Abu Dhabi / WAM Abu Dhabi Commercial Bank PJSC (ADCB) received an upgrade to its environmental, social and governance (ESG) risk score by Sustainalytics, one of the world’s leading ESG rating agencies. ADCB’s overall Sustainalytics ESG risk score improved from 30.1 in March 2021 to 21.0 in September 2022, making ADCB the highest-ranked diversified bank in the GCC and ...

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• 12 October

  Etihad Rail connects Sharjah, Ras Al Khaimah to main line

  

    Abu Dhabi / WAM Etihad Rail, the developer and operator of the UAE National Rail Network, completed the main works of the UAE National Rail Network with the completion of the tracklaying works of the main line in Sharjah and Ras Al Khaimah, as part of the last package of Stage Two of the project. The main line of ...

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• 12 October

  Nafis, du sign deal to recruit 500 Emiratis in private sector

  

  Abu Dhabi / WAM The Emirati Talent Competitiveness Council (Nafis) has signed an MoU with Emirates Integrated Telecommunications Company (du), which involves du’s participation within the Nafis programme, a federal initiative that aims to increase the contributions of Emirati citizens within the private sector and raise their efficiency and qualifications. In the signing ceremony, Nafis was represented by Ghannam Al ...

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• 12 October

  MoHAP launches updated version of its website

    Dubai / WAM The Ministry of Health and Prevention (MoHAP) has launched an updated version of its website offering faster access to information. The new website’s colours and icons have been redesigned in accordance with the visual identity standards. It also offers revised and updated content in several languages. MoHAP unveiled the new website during its participation in Gitex ...

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• 12 October

  Cisco to join Zayed University’s partner challenge programme

  

    Abu Dhabi / WAM Zayed University on Wednesday announced that Cisco would join its pioneering Partner Challenge programme as part of a new memorandum of understanding (MoU) signed between the two parties. The programme offers a unique opportunity for students to apply their knowledge outside the classroom, addressing real-world challenges proposed by an industry player, such as Cisco. Working ...

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• 12 October

  Work on Midtown project 91% complete, says Deyaar

  

    Dubai / WAM Deyaar Development on Wednesday announced above 91% completion of the Mesk District in Midtown, the grand development located in Dubai Production City near Sheikh Mohammed Bin Zayed Road, and also confirmed close to 78% completion of the Noor District. The announcement marks a crucial milestone for the property developer as Mesk and Noor Districts will allow ...

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• 12 October

  Indian tech companies have bigger problems than Fed

  

    The quarterly earnings season for India’s outsourcing firms has begun on a cautiously optimistic note. Tata Consultancy Services Ltd., the largest of the country’s software exporters, reported better-than-expected growth of 8% in net income. Its operating margin, which had slumped to a seven-year low of 23% in the three months to June, rose by 1 percentage point as Mumbai-based ...

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• 12 October

  A big leap for Germany on aid sharing

  

    The gathering tsunami of soaring energy costs finally forced Germany to act to quiet the grousing from the rest of the European Union. Chancellor Olaf Scholz is ready to drop his opposition to joint borrowing at the EU level to cushion the blow of the crisis, Bloomberg News reports. While this doesn’t look like a “Hamiltonian leap” toward federalized ...

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• 12 October

  Romance with Fed pivot breaks investors’ hearts

    Last week was cruel for traders and investors who were hoping that financial markets would leave behind what has been a painful triple whammy this year caused by tightening financial conditions. After a strong bounce in both stocks and bonds early in the week offered some hope, the markets yanked it back, essentially erasing investors’ gains as investment portfolios ...

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