September, 2022

• 19 September

  Apple counts on upscale buyers to turn latest iPhone 14 into hit

  

  Bloomberg As the latest iPhone hit stores, Apple Inc is counting on well-heeled shoppers to make the device a hit during a year of roaring inflation and shaky technology spending. The iPhone 14 lineup reserves the best features for the high-end Pro models costing at least $1,000. And based on preorder data, the strategy is already working with consumers, who ...

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• 19 September

  Musk enters in-flight Wi-Fi market with small satellites

  

    Bloomberg SpaceX wants to show the world its Starlink satellite system can deliver Netflix and YouTube at 30,000 feet. So it recently held a demo for the media aboard a jet operated by its first airline customer, regional carrier JSX. The short jaunt from Burbank to San Jose, California marks the start of Elon Musk’s bid to seize in-flight ...

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• 19 September

  GM’s Cruise maps robotaxi expansion

    Bloomberg It was a bit surprising when Cruise, the autonomous vehicle startup that’s 80% owned by General Motors, said it planned to expand its robotaxi service to Phoenix and Austin over the next three months. The company had just recalled a previous version of its self-driving software that was in use when a car got in an accident with ...

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• 17 September

  Saudi Arabia discovers new gold and copper ore sites in Madinah

  

    JEDDAH / WAM The Kingdom of Saudi Arabia announced the discovery of new sites for gold and copper ore deposits in the Madinah region. According to the Saudi Press Agency (SPA), the Saudi Geological Survey, represented by the Survey and Mineral Exploration Centre, said that the discoveries of gold ore were within the boundaries of Aba Al-Raha, the shield ...

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• 17 September

  Oil strives for weekly advance as economic growth fears mount

  

    Bloomberg Oil edged higher in uneven trading, remaining within a narrow price band as traders weighed a souring US economic outlook against risks of supply disruptions from Russia. West Texas Intermediate futures traded near $86 a barrel, struggling to hold onto gains while under pressure from equity markets. Equities slid as Fedex Corp. withdrew an earnings forecast, in what ...

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• 17 September

  GCC-India sign deal on institutional consultations

    NEW DELHI / WAM India has signed a Memorandum of Understanding (MoU) with the Gulf Cooperation Council (GCC) Secretariat on the “mechanism of consultations” between the two sides. The MoU was signed between India’s Minister for External Affairs Dr S Jaishankar, and the GCC Secretary-General Dr Nayef Falah Mubarak Al-Hajraf. India’s Ministry of External Affairs said, “both sides reviewed ...

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• 17 September

  Seoul to deepen cooperation with high-tech sectors in Middle East

  

    South Korea / WAM South Korea wants to strengthen its relations with the Middle East with a focus on high-tech industries, according to Seoul’s top diplomat. “In the Middle East, we hope to deepen cooperation in high-tech industries,” said Park Jin, Foreign Minister of the Republic of Korea, while hosting a dinner for invited guests, during Jeju Forum for ...

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• 17 September

  EIBFS satisfaction rating rises to 93% in first half

  

    DUBAI / WAM Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, has received an impressive satisfaction rating of 93 percent in the Customer Satisfaction Survey (CSS), during the first half of 2022. All programmes and courses received a high rating in the customer satisfaction survey, conducted by Ipsos, in ...

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• 17 September

  Salik ups IPO size to 24.9% on strong investor demand

  

    DUBAI / WAM Salik Company on Friday announced that it has increased the number of shares offered in Salik’s Initial Public Offering (IPO) from 1,500,000,000 ordinary shares to 1,867,500,000 ordinary shares, which would result in an increase in the Offer Size from 20.0% to 24.9% of Salik’s share capital, with the Government of Dubai continuing to own 75.1% of ...

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• 17 September

  UAE stocks hit three-week high

    ABU DHABI / WAM UAE twin bourses hit a three-week high, as Abu Dhabi’s FTSE ADX General picked up 0.50 percent to close at 10,019.200 pts, and heavyweight real estate shares led wider gains in Dubai equities pushing DFMGI 0.925% higher to 3,462.780 pts. In the capital, 18,017 trades were conducted with a share turnover of AED2,153,686,949 over 584,030,635 ...

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