September, 2022

• 30 September

  UK stocks set for record outflows in a 2022 meltdown, says BofA

  

    Bloomberg UK equity outflows are on track for their worst year ever, with investors pulling $18 billion from the country’s stock funds so far in 2022, according to Bank of America Corp. The figure eclipses prior years, and would mark a seventh straight year of UK equity outflows — every year since the 2016 Brexit referendum — according to ...

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• 30 September

  Abu Dhabi-based Global Mission initiates $17 billion fund for SDGs

  

    Abu Dhabi / WAM Global Mission, an Abu Dhabi based non-profit, along with its global partners, has established a $US17 billion fund to help achieve the United Nations’ 17 Sustainable Development Goals (SDGS) across the globe, a senior executive told the Emirates News Agency (WAM). “This ‘Global Fund for Sustainable Development’ is the most ambitious SDG-fund worldwide. Based in ...

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• 30 September

  Dubai’s DMCC looks to grow $23b UAE-US trade corridor

  

    Dubai / WAM Dubai Multi Commodities Centre (DMCC) has successfully concluded Made For Trade Live events in Miami and New York as it seeks to attract more companies from the US to the UAE. DMCC sees significant opportunities for growth in the UAE–US trade corridor, which was worth $23 billion in 2021, not least because of the recently signed ...

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• 30 September

  Salik debuts listing and trading shares on DFM

  

  Dubai / WAM Dubai Financial Market (DFM) on Thursday welcomed the listing of shares of Salik Company (PJSC), the leading company in the field of traffic tariff systems at the regional level and the exclusive toll gates operator in Dubai. This is the third public offering and listing on the DFM in 2022 to date, as part of the accelerated ...

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• 30 September

  IAEA closely follows UAE’s success in peaceful nuclear energy sector

  

    Vienna / WAM Hamad Ali Al Kaabi, UAE Permanent Representative to the International Atomic Energy Agency (IAEA), said that the participants of the 66th Annual Regular Session of the IAEA General Conference currently being held in Vienna are closely following the UAE’s success in the peaceful nuclear energy sector, as well as its expertise in developing relevant infrastructure, and ...

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• 30 September

  UAE, Tanzania ink deal to remove double taxation

  

    Dubai / WAM The Ministry of Finance (MoF) signed an agreement for the Avoidance of Double Taxation and Prevention of Tax Evasion with respect to taxes on income with Tanzania, as part of its endeavours to strengthen cooperation frameworks in tax matters, protect taxpayers from double taxation, and avoid impeding the flow of trade and investment. Mohamed bin Hadi ...

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• 30 September

  Covid-19: SPEA eases curbs in all institutions

    Sharjah / WAM Based on National Emergency Crisis and Disasters Management Authority’s (NCEMA) statement on easing Covid-19 restrictions, Sharjah Private Education Authority (SPEA) announced reducing Covid -19 restrictions in all its educational institutions. The announcement includes that wearing masks is optional in closed and opened areas, updating the Green Pass in Al Hosn app, and other decisions that have ...

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• 30 September

  Dubai ranked fifth globally in UN e-government survey 2022

  

    Dubai / WAM Dubai has achieved outstanding results in the Local Online Service Index (LOSI) 2022 issued by the United Nations as part of its bi-annual E-Government Survey, with the city being included in the list of the world’s best-performing digital governments that received a ‘Very High’ rating. Dubai was ranked fifth globally and first in the Arab world ...

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• 30 September

  Ministry of Energy and Infrastructure launches ‘UAE Maritime Network’

  

    Dubai / WAM The Ministry of Energy and Infrastructure (MoEI) announced the launch of the “UAE Maritime Network” initiative, which aims to support international maritime organisations and promote the UAE as a global maritime hub and an ideal environment for maritime investments. The initiative supports the ministry’s efforts to enhance the position of the UAE’s maritime sector globally. The ...

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• 30 September

  Noor Dubai resumes its humanitarian activities in Nepal

  

    Dubai / WAM Noor Dubai has resumed its humanitarian activities in Nepal by conducting an eye camp to screen and treat eye diseases, primarily Cataract. The UAE-based NGO launched the seven-day eye camp on in partnership with the Nepal Netra Joyti Sang hospital. According to the available data, Nepal was one of the first countries to conduct a nationwide ...

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