September, 2022

• 17 September

  Pound hits lowest since 1985 over cost-of-living crisis

  

    Bloomberg The pound slid to its weakest level in almost four decades as mounting evidence of a UK recession combines with an ascendant dollar. Sterling fell as much as 1% to $1.1351, the lowest since 1985. The latest hit was data showing UK retail sales fell at the sharpest pace in eight months in August, as a worsening cost-of-living ...

  Read More »
• 17 September

  Australian dollar tumbles to lowest level on recession risk

    Bloomberg The Australian dollar tumbled to the lowest level since the early days of the Covid pandemic as risk aversion swept across markets. The Aussie declined 0.4% against the US dollar to 0.6674, the lowest level since 2020. Investors piled into the safe-haven US dollar and sold risky assets after the World Bank reported that the global economy may ...

  Read More »
• 16 September

  UAE tops Mena in infrastructure for sustainable development: UN

  

    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 ...

  Read More »
• 16 September

  Global recession looms in wave of policy tightening: World Bank

  

    Bloomberg The global economy may face a recession next year caused by an aggressive wave of policy tightening that could yet prove inadequate to temper inflation, the World Bank said in a new report. Policy makers around the world are rolling back monetary and fiscal support at a degree of synchronization not seen in half a century, according to ...

  Read More »
• 16 September

  UAE President receives written message from Sultan of Oman

    ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received today a written message from His Majesty Haitham bin Tariq Al Said of Oman, on the long-standing, fraternal relations between the two countries and issues of interest. This came as HH Sheikh Mohamed received – at the Qasr Al Shati’ Palace- HH Fatek Bin Fahr ...

  Read More »
• 16 September

  Tahaluf Al Emarat, CPX Holding sign agreement

  

    ABU DHABI / WAM Tahaluf Al Emarat, a leading IT provider with developed advanced software solutions, and CPX Holding, a leading provider of digital-first cybersecurity solutions and services, signed a Memorandum of Understanding (MoU) to build successful long-term relationships that will benefit both the UAE-based parties and their customers. The MoU was signed in Abu Dhabi by Yahia Alhami, ...

  Read More »
• 16 September

  Abu Dhabi, Kazakhstan discuss trade expansion, investment cooperation

  

    ABU DHABI / WAM Within their endeavour to boost trade and investment relations between businesses in Abu Dhabi and Kazakhstan, Abdullah Mohamed Al Mazrouei, Chairman of the Abu Dhabi Chamber of Commerce and Industry, received Madiyar Menilbekov, Ambassador of Kazakhstan to the UAE, at the Chamber’s headquarters in Abu Dhabi. Attended by Mohamed Helal Al Mheiri, Director-General of the ...

  Read More »
• 16 September

  Etihad rated one of world’s most punctual airlines

  

    ABU DHABI / WAM Etihad Airways ranked among the most punctual carriers in the Middle East and worldwide over the peak summer period, based on data from global aviation analytics group OAG. Since April, Etihad has achieved an on-time arrival performance rating within 15 minutes of 83%. In its Punctuality League ratings since April 2022, OAG listed Etihad as ...

  Read More »
• 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 ...

  Read More »
• 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 ...

  Read More »