September, 2022

• 21 September

  Ministry to launch seasonal flu awareness campaign

    DUBAI / WAM The Ministry of Health and Prevention (MoHAP) will launch the National Seasonal Flu Awareness Campaign at a press conference to be held next week. Themed “Protect yourself… Protect your community”, the annual seasonal flu campaign will kick off on 26th September; in cooperation with Abu Dhabi Centre for Public Health and Dubai Health Authority (DHA) and ...

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• 21 September

  Sahara Centre rewards winners of Ultimate Shopping Campaign

  

    Sharjah / Gulf Time Sahara Centre, the leading retail, dining, entertainment, and leisure destination, concluded it’s the Ultimate Shopping Adventure campaign that delivered exceptional value to loyal customers and announced the winners of the second draw. Mohammed jalal from Egypt, the lucky winner of the grand prize, was awarded the Toyota Landcruiser luxury car, while ten lucky shoppers won ...

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• 21 September

  Future of aviation discussed at Dubai forum

    DUBAI / WAM Some of the greatest minds in the aviation industry took to the stage at this year’s Global Aviation Conference in Dubai, UAE, hosted by KPMG Lower Gulf. The two-day event was attended by Abdullah bin Touq Al Marri, Minister of Economy and Chairman of the General Civil Aviation Authority, with headline speakers including senior executives from ...

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• 21 September

  Enec bolsters UAE-France cooperation in nuclear energy sector

  

    ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec) has signed a Memorandum of Understanding with CSFN (French Nuclear Cluster) at the fifth edition of E-Fusion, which was held on Tuesday. The event brought together the UAE and French nuclear sectors to further develop and strengthen their collaboration to support the development of the global nuclear supply chain. ...

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• 21 September

  Germany to nationalise gas giant Uniper in historic bailout

  

  Bloomberg The German government is planning to inject about 8 billion euros ($8 billion) into Uniper SE as part of a historic agreement to nationalise the gas giant and stave off a collapse of the country’s energy sector. Uniper confirmed it is in final discussions with the government over a package that would include an 8 billion-euro capital increase, subscribed ...

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• 21 September

  Norway’s $1.2tn wealth fund sets net-zero target for portfolio firms

  

  Bloomberg Norway’s $1.2 trillion sovereign wealth fund will require the companies it invests in to reach net-zero emissions by 2050 at the latest, joining many global investors in setting such goals to prevent the financial risks from a “delayed transition.” Just 10% of companies in the wealth fund’s portfolio have a net-zero target for 2050, even as many have taken ...

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• 21 September

  Apollo wades in where Amazon fears to tread

  

    After Amazon.com Inc, it’s the turn of Apollo Global Management Inc to wade into the jungle that’s corporate governance in India. It has sued a Mumbai-based warehousing firm in which it owns a large stake. The cause of the dispute vanished when the company dropped a controversial plan to sell its business. But the US shareholder, whose rejection of ...

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• 21 September

  Facebook, beware as metaverse is flat

  

  In a few weeks’ time, Mark Zuckerberg will announce a new virtual reality (VR) headset from Meta Platforms Inc. Embarrassingly, we already know what it will look like. A video of the purported device has been doing the rounds online after someone found one in a hotel room. Yet none of that should matter because whizzy VR headsets are becoming ...

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• 21 September

  Are Hong Kong bankers quiet quitting now?

    Quiet quitting, where you don’t quit the job but no longer subscribe to the culture that work is your life, is alien to Hong Kong’s diligent finance worker bees. But conditions are ripe for them to stop hustling for a while. Say no to 12-hour days and late-night conference calls. This year, few are expecting blow-out bonuses that would ...

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• 21 September

  Rate-hike fears hitting people where they live

    Wednesday’s meeting of the Federal Open Market Committee is dominating all discussions. That’s inevitable. But if there’s one area where the Fed’s monetary policy could wreak changes, and where many Americans fear that it will, it is on housing. The latest diffusion index of homebuilders’ confidence produced by the National Association of Home Builders was published. It’s easy to ...

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