September, 2022

• 16 September

  Agthia to pay AED 65.31m in H1 dividends

    ABU DHABI / WAM Agthia Group PJSC, one of the region’s leading food and beverage companies, on Thursday held its General Assembly Meeting virtually. During the meeting, the shareholders approved the board’s proposal for an interim cash dividend payment at a value of 8.25 fils per share, with a total value of AED 65.31 million for the 6 months ...

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• 16 September

  e& founding partner of F1 Etihad Airways Abu Dhabi Grand Prix

  

    ABU DHABI / WAM e&, formerly known as Etisalat Group, on Thursday announced a multi-year strategic partnership with Abu Dhabi Motorsports Management as a founding partner of Formula 1 Etihad Airways Abu Dhabi Grand Prix, the biggest sporting event in the Middle East. As a founding partner for the signature event, e& will work closely with Abu Dhabi Motorsports ...

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• 16 September

  Welcome Residency all set to launch in Arjan Dubai Land

  

    DUBAI / Gulf Time Welcome Residency is a new project by Al Seeb Real Estate Development LLC, located in Arjan Dubai Land, a desirable location of Dubai’s most exclusive area near the Miracle Garden. The project is about 50% complete, with ready mock up apartment and will be launching very soon. Comprising of two and three bedroom apartments providing ...

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• 16 September

  Seatrade Maritime’s conference returns to Dubai in 2023

    DUBAI / WAM Seatrade Maritime will bring its flagship Middle East conference and exhibition, now titled “Seatrade Maritime and Logistics Middle East”, back to Dubai in May 2023, under the patronage of the Ministry of Energy and Infrastructure, as part of UAE Maritime Week. The maritime exhibition and conference, including Logistics for the first time, has been a firm ...

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• 16 September

  UAE ranks first in Mena, 11th globally in UNIDO’s Index

  

  ABU DHABI / WAM The United Arab Emirates has been ranked first in the Mena region and 11th globally in the 2022 Quality Infrastructure for Sustainable Development Index report issued by the United Nations Industrial Development Organization (UNIDO) and the International Network and Quality Infrastructure (INet QI). The UAE, listed in the L group of countries (those with a GDP ...

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• 16 September

  Dewa CEO, Sri Lankan special envoy discuss cooperation

  

    DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), received Naseer Ahamed, Special Envoy of the Sri Lankan President and Minister of Environment of Sri Lanka. The visit aimed to discuss ways of cooperation in the renewable and clean energy sector, as well as the key projects, initiatives and programmes to ...

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• 16 September

  UAE welcomes US initiative to assist Afghan people

  

    ABU DHABI / WAM The United Arab Emirates welcomed a US initiative to establish a fund to meet the needs of the Afghan people and contribute to strengthening economic stability in the country. The Ministry of Foreign Affairs and International Cooperation (MoFAIC) stated that the UAE welcomes the announcement by the United States and a number of international partners ...

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• 16 September

  Punishing Russians won’t end Ukraine war, certainly

  

  So far, economic sanctions on Russia have done nothing to halt Vladimir Putin’s war on Ukraine. The ruble is still strong. Oil prices are high. Before Ukraine’s latest advances on the battlefield, polls showed that 75% of Russians still supported the war (in public at any rate). So why continue with sanctions? Economic boycotts, of course, are one way for ...

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• 16 September

  The Ethereum Merge is completed

  

  The idea of a blockchain is that you want to do bank transfers without a bank. You want people to be able to do transactions, and have them confirmed, and have there be some canonical agreed list of the transactions, but you don’t want to trust some central party to do it. At a high level, the blockchain solution is ...

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• 16 September

  China’s retail payments may struggle to survive

    Alipay and WeChat Pay’s dominance of China’s retail payments was scripted over the past decade on the back of the humble quick recognition code. The same dotted squares could now start to undermine their moat. Fan Yifei, a deputy governor of the People’s Bank of China, said at a recent forum on digital finance that it was necessary to ...

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