October, 2021

• 25 October

  World is changing faster than in any previous historic era: Ghobash

  

  Dubai / WAM Saqr Ghobash, Speaker of the Federal National Council (FNC), said the world is changing faster than in any previous historic era. “Today, we are witnessing the fourth industrial revolution, which is characterised by artificial intelligence (AI) and biotechnology, all countries aim to promote innovation and discover outer space, after realising that traditional industries cannot help them achieve ...

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• 25 October

  Julphar showcases future trends in pharma industry

  

  Dubai / WAM Gulf Pharmaceutical Industries (Julphar), one of the largest pharmaceutical manufacturers in the Middle East and Africa, is participating in Expo 2020 Dubai as a strategic partner of Fazaa Pavilion. During its participation, Julphar is showcasing its future vision towards a sustainable future for the pharmaceutical industry, introducing new trends, holding discussion panels with the participating parties and ...

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• 25 October

  Sharjah welcomes first Ukrainian Bees Airlines flight

  

  Sharjah / WAM Sharjah Airport welcomed the inaugural flight of Ukraine’s ‘Bees Airlines’, arriving from Kiev International Airport. The flight was greeted by a water salute upon arrival at the Sharjah Airport runway after crossing the traditional water sprinkler arches, in the presence of Ali Salim Al Midfa, Chairman of Sharjah Airport Authority, attended the meeting alongside Sheikh Faisal bin ...

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• 25 October

  ECI hosts global event at Expo 2020 Dubai

  Dubai / WAM Etihad Credit Insurance (ECI) in partnership with the World Business Angels Investment Forum (WBAF), hosted the World Business Angel Investors Week at Dubai Exhibition Centre at Expo 2020 Dubai. As an affiliated partner of G20 Global Partnership for Financial Inclusion, WBAF coordinates the World Business Angel Investors Week, which was held globally from October 18-24 and participated ...

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• 25 October

  India wants compensation for climate damages by rich nations

  

  Bloomberg India is seeking payment for the losses caused by climate disasters, its environment ministry said while laying out the country’s positions on critical issues that will be negotiated at the United Nations’ COP26 climate summit in the coming weeks. “Our ask is this: there should be a compensation for expenses incurred, and it should be borne by developed nations,” ...

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• 25 October

  SK plans to cut carbon emissions by 2030

  Bloomberg South Korean conglomerate SK Group plans to reduce carbon emissions by 200 million tons by 2030, as it increases investments in green technologies. The company will initially cut 50 million tons of emissions through enhancing efficiency in its processes and purchasing renewable energy, Chairman Chey Tae-won was quoted as saying in a statement. SK will also invest more than ...

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• 25 October

  Manufacturers don’t have a demand problem yet

  

  The supply chain has huffed and puffed, but it hasn’t knocked industrial demand down — at least not yet. A dangerous combination of logistics logjams, widespread parts shortages, hiring difficulties and rising inflation had threatened to make this earnings season a particularly ugly one for the manufacturing sector. Those pressures are real; they’re taking a bite out of margins and ...

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• 25 October

  Intel faces trouble from Apple, AMD

  

  Intel Corp’s future is looking a bit grim. The chipmaker posted worse-than-expected sales results with adjusted revenue of $18.1 billion in the quarter ended in September, up 5% compared with the prior year, and below the $18.24 billion median estimate of analysts surveyed by Bloomberg. While earnings for the quarter came in above estimates, that was overshadowed by a disappointing ...

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• 25 October

  AT&T’s HBO divorce isn’t its last hurdle

  AT&T Inc’s turnaround — an exacting mission that has involved selling nearly everything acquired under its former chief executive officer — is finally showing signs of working. But this long-awaited progress on the business front comes as the Dallas-based wireless giant’s public image takes a bruising. It has come to be seen by some as the corporate villain behind both ...

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• 25 October

  Russia’s 30-year vision and the Nord Stream 2!

  The Nord Stream 2 gas pipeline linking Russia to Germany beneath the Baltic Sea is vilified in the US and parts of Europe as a Russian plot to ensnare European gas buyers. It’s not. It’s the final link in a 30-year project to divert Russian oil and gas exports away from transit routes across former Soviet neighbours. From a Russian ...

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