September, 2022

• 25 September

  Meta sued for skirting Apple privacy rules to snoop on users

  

  Bloomberg Meta Platforms Inc was sued for allegedly building a secret work-around to safeguards that Apple Inc launched last year to protect iPhone users from having their internet activity tracked. In a proposed class-action complaint in San Francisco federal court, two Facebook users accused the company of skirting Apple’s 2021 privacy rules and violating state and federal laws limiting the ...

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• 25 September

  Roblox boasts of its popularity in Russia

  Bloomberg Roblox Corp.’s popularity in Russia is increasing even as almost every other publicly traded gaming company has retreated from the country after its invasion of Ukraine. At Roblox’s developer conference on Friday, Chief Executive Officer Dave Baszucki said Russia sees more than 2 million active Roblox users a day. Russians are among Roblox’s largest consumer base after the US, ...

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• 24 September

  Adnoc, Taqa close $3.8b clean energy, decarbonisation deal

  

    ABU DHABI / WAM Abu Dhabi National Oil Company (Adnoc) and Abu Dhabi National Energy Company PJSC (Taqa) on Friday announced the successful financial closing of their $3.8 billion strategic project to power and significantly decarbonise Adnoc’s offshore production operations. Together with a consortium comprised of Korea Electric Power (KEPCO), Kyushu Electric Power Company (Kyuden) and Electricité de France ...

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• 24 September

  UAE leaders congratulate Saudi King on National Day

    ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, have sent messages of congratulations to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia, on the occasion of the Kingdom’s 92nd ...

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• 24 September

  Saudi investors own shares worth AED5.6 billion: ADX

  

    ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX) announced an increase in the value of shares owned by Saudi investors, totalling AED5.627 billion at the beginning of September, representing 25 percent of the total shares owned by Arab and Gulf Cooperation Council (GCC) investors, and amounting to AED22.897 billion. In its statement to the Emirates News Agency ...

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• 24 September

  UAE, US sign deal to lower trade barriers by aligning on standards

  

    ABU DHABI / WAM The UAE’s Ministry of Industry and Advanced Technology (MoIAT) on Friday signed a memorandum of understanding (MoU) with the American National Standards Institute (ANSI) with the aim of lowering trade barriers and promoting economic growth. The MoU was signed during the ISO Annual Meeting 2022, which is taking place in Abu Dhabi this week. The ...

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• 24 September

  Borouge to distribute interim dividends of AED 1.2 billion

  

  ABU DHABI / WAM Borouge petrochemical company on Friday announced the General Assembly approval for its 2022 interim dividend payment of US$325 million (AED1.2 billion) equivalent to 3.97 fils per share. The interim dividend will be paid to shareholders of record on 3rd October 2022 and is the first payment of the expected total FY 2022 dividend of $975 million ...

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• 24 September

  Ajman’s exports to Saudi reach AED155m in H1

    AJMAN / WAM Saudi Arabia is the second leading destination of Ajman’s exports, which totalled some AED155 million in the first half of 2022. Fish, mineral fuels, plastics, and their products were the top export products. On the occasion of Saudi Arabia’s National Day, a report by the Department of Economic Development-Ajman showed that the total number of licences ...

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• 24 September

  Barakah promotes UAE’s march in safe energy, zero emissions: Minister

  

    ABU DHABI / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said that the start-up of Unit 3 of Barakah Nuclear Energy Plant contributes to achieving one of the most important objectives of the UAE vision and strategy for the energy sector by playing a key role in promoting the transition to safe and environmentally friendly ...

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• 24 September

  Borouge to distribute interim dividend of AED1.2 billion

  

    ABU DHABI / WAM Borouge petrochemical company on Friday announced the General Assembly approval for its 2022 interim dividend payment of $325 million (AED1.2 billion) equivalent to 3.97 fils per share. The interim dividend will be paid to shareholders of record on October 03 and is the first payment of the expected total FY 2022 dividend of $975 million ...

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