October, 2022

• 8 October

  IsDB raises $1.6 billion from sukuk issuance

    Jeddah / WAM Dr Zamir Iqbal, Vice President, Finance, chief financial officer of the Islamic Development Bank (IsDB), said the bank collected $1.6 billion from its first sukuk issuance in April. The AAA-rated issuance was executed in line with the bank’s $4.1 billion financing plan for 2022, approved by the chairman. In his statement to the Emirates News Agency ...

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• 8 October

  Edge to bolster position in national security, law enforcement markets

  

  Abu Dhabi / WAM Edge is making its debut at the International Exhibition for National Security and Resilience (ISNR Abu Dhabi), from October 10-12 at the Abu Dhabi National Exhibition Centre (Adnec). Edge will demonstrate how its products and services provide a competitive advantage to customers and strengthen national security in the UAE. SIGN4L, Beacon Red, Katim, Caracal, and Lahab ...

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• 8 October

  Enec to showcase success of UAE nuclear energy sector in Prague

  

  Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) is set to showcase the success and impact of the UAE nuclear energy sector at the forthcoming World Association of Nuclear Operators’ (Wano) Biennial General Meeting (BGM) in Prague, Czech Republic, between October 9-11. Held under the theme “One Wano – A Global Commitment to Nuclear Excellence,” the Wano BGM ...

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• 8 October

  UAE all set to host fourth GCC Visual Arts forum in December

    ABU DHABI / WAM The UAE, in cooperation with the Secretariat General of the Gulf Cooperation Council (GCC), will host the fourth edition of the GCC Visual Arts Forum from December 20-25. The forum will host a selection of Gulf artists from various branches of visual arts at Manarat Al Saadiyat in Abu Dhabi and will be accompanied by ...

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• 8 October

  Mubadala signs partnership with UAEJJF

    Abu Dhabi / WAM The UAE Jiu-Jitsu Federation (UAEJJF) and Mubadala Investment Company signed an agreement that will see the Abu Dhabi Government investment arm sponsor the UAE national team and secure naming rights of the UAE capital’s Jiu Jitsu Arena. The strategic partnership strengthens both parties’ commitment to supporting the nation’s athletes, broadening the sport’s horizons, and enhancing ...

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• 8 October

  Dubai Airport Freezone to announce launch of Metadafz

  

    Dubai / WAM Dubai Airport Freezone (Dafz), part of Dubai Integrated Economic Zones Authority (DIEZ), is set to announce the launch of Metadafz, which aims to provide the free zone’s clients with a smooth digital experience in the metaverse. Dafz will make the official announcement at Gitex 2022, which will take place from October 10-14 at the Dubai World ...

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• 8 October

  Australia could grab 20% of world’s lithium refining by ’27

  

  Bloomberg Australia is poised to grab a fifth of the world’s lithium hydroxide refining capacity within five years as demand grows for battery metals that bypass China, Canberra said in a report. China produces more than 80% of the world’s lithium hydroxide, a processed form of the in-demand metal, according to the International Energy Agency (IEA). However, several companies are ...

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• 8 October

  Gazprom resumes gas exports to Italy through Austria as spat resolved

  

    Bloomberg Russian gas supplies to Italy via Austria resumed, bringing some temporary relief to gas prices in Europe. Gazprom PJSC said it has found a solution with Italian buyers to overcome the regulatory changes in Austria at the end of September that were preventing transit flows, according to a company statement on Telegram. Benchmark gas futures fell as much ...

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• 8 October

  Firms are ignoring financial risks of emissions, finds study

  

    Bloomberg Companies in industries with the biggest carbon footprints aren’t reporting how their emissions feed into financial risk, according to an analysis of corporate reports by the Carbon Tracker Initiative. The non-profit, which looked at 134 financial statements from last year in sectors spanning fossil fuels, mining, manufacturing, automotive and technology, found that almost all failed to consider the ...

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• 8 October

  France to use power company windfalls to help struggling firms

  

    Bloomberg France plans to recoup part of windfall profits made by electricity producers to bolster aid to companies and local governments struggling to pay rising bills. The government will take any surplus made by power generators when they sell above 180 euros ($179) per megawatt-hour, as recently agreed at a European Union level, Finance Minister Bruno Le Maire said. ...

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