September, 2022

• 15 September

  Dubai records AED1.4b in realty deals in one day

    DUBAI / WAM Dubai real estate market recorded 386 sales transactions worth AED1.2 billion, in addition to 84 mortgage deals of AED151.32 million, and 62 gift deals amounting to AED48.92 million on Wednesday, data released by Dubai’s Land Department (DLD) showed. The sales included 341 villas and apartments worth AED1.01 billion, and 45 land plots worth AED195.91 million, while ...

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• 15 September

  Adnoc Refining set to complete phase1 of ‘waste-heat’ project

  

    ABU DHABI / WAM Adnoc Refining, a joint venture company between the Abu Dhabi National Oil Company (Adnoc), Eni, and OMV, is set to complete the first phase of its innovative Waste Heat Recovery project at the General Utilities Plant in Ruwais, Abu Dhabi. Adnoc produces some of the world’s least-carbon intensive crude and the company is further reducing ...

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• 15 September

  Ministry, Flat6labs launch initiative to promote SMEs

  

    ABU DHABI / WAM The Ministry of Economy, represented by The Entrepreneurial Nation, has launched a new initiative to attract Small and Medium Enterprises (SMEs) to the UAE and help promote their growth and local and global expansion. The initiative has been launched in collaboration with Flat6labs, a leading seed and early stage venture capital firm based in Abu ...

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• 15 September

  Abu Dhabi Business Events Week to kick off on Sept 26

  ABU DHABI / WAM The Abu Dhabi Business Events Week (ADBEW) is returning on 26th and 27th September at Manarat Al Saadiyat, once again bringing together leading experts in the meetings, incentives, conventions, and exhibitions (MICE) industry from around the Mena region. Launched by the Abu Dhabi Convention & Exhibition Bureau (ADCEB), part of the Department of Culture and Tourism ...

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• 15 September

  Investopia, Salt announce new strategic partnership

  

    NEW YORK / WAM Investopia, the global investment platform launched by the UAE Government in September 2021, announced a new strategic partnership with SALT, a premier global thought leadership forum, at a ceremony held at SALT New York 2022. The parties signed a Memorandum of Understanding (MoU) outlining collaboration on a joint event to take place next year in ...

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• 15 September

  Miral announces opening of SeaWorld Abu Dhabi in 2023

  

    ABU DHABI / WAM Miral, Abu Dhabi’s leading creator of immersive destinations and experiences, in partnership with SeaWorld Parks & Entertainment, announced it has reached 90 percent construction completion of the next-generation marine-life theme park, SeaWorld Abu Dhabi, Yas Island’s latest mega-development. The development, which is due to open in 2023 as the latest addition to Yas Island’s tourism ...

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• 15 September

  An unarmed Putin wants a culture war with the West

  

  Even as his troops retreated in disarray in eastern Ukraine last week, Vladimir Putin opened a new front in his war against the West: a “battle for cultural supremacy.” The Russian president declared his top foreign policy goal would be to lead a global counteroffensive against the “imposition of neoliberal views by a number of states.” Russia, he claimed, is ...

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• 15 September

  Inflation? Workforce is a bigger problem

  

  The unexpected rise in US inflation is an opportunity to revisit an old debate, which is often a useful exercise. This current bout of inflation has its roots in mistaken assumptions made a decade ago. After the 2008-2009 recession, the recovery in the labor market was notoriously slow. This was commonly blamed on the demand side; monetary and fiscal policy ...

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• 15 September

  Homebuyers might as well take the plunge

    A hotter-than-expected inflation report pours cold water on the possibility of lower interest rates from the Federal Reserve any time soon, and by extension, the prospect of lower mortgage rates. The standoff is set to continue between buyers balking at high home prices and potential sellers clinging to their homes that were financed at low mortgage rates. Would-be homebuyers ...

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• 15 September

  Congress won’t let a rail dispute cripple the US

    The US transportation system is already starting to feel the effects of a potential rail strike, but any pain will be short-lived no matter how far apart the sides are at a Friday deadline because Congress will not allow supply chains to seize up again. Just after midnight Thursday, rail workers can go on strike or railroad management can ...

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