October, 2021

• 24 October

  Asia’s corporate profits fall to 12-yr low versus global peers

  

  Bloomberg Analyst estimates for Asia’s corporate profits have fallen to more than a decade low relative to global peers, and further downgrades are on the horizon as China’s economic growth slows and global supply constraints remain. After soaring past pre-pandemic levels on vaccine and reopening optimism, the 12-month forward earnings-per-share forecasts for MSCI Asia Pacific Index members began to drop ...

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• 24 October

  ‘Squid Game’ shakes up Korean stocks as much as Netflix viewers

  

  Bloomberg Netflix Inc.’s runaway hit Squid Game came like a bolt from the blue for viewers around the world. The impact on equity investors in its home country of South Korea is proving equally intense. While the nation’s benchmark share index has dropped about 4% since the drama was released in mid-September, dozens of stocks in the vibrant entertainment sector ...

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• 24 October

  Oil posts longest run of weekly gains since 2015 on supply pinch

  

  Bloomberg Oil posted the longest stretch of weekly advances since 2015 as Opec+ producers only modestly supply the market and as US crude supplies shrink. Crude futures rise 1.5% in New York, up for a ninth straight week. President Joe Biden said that Americans should expect high gasoline prices to continue into next year because of supply being withheld by ...

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• 24 October

  EU hails UAE’s efforts to strengthen human rights

  DUBAI / WAM The UAE’s election to the UN’s Human Rights Council (UNHRC) for the third time reflects the country’s “increasing international presence,” the Vice-President of the European Commission for promoting our European way of Life said. In exclusive statements to the Emirates News Agency (WAM), Margaritis Schinas described the UAE as “a pole of power, influence and inspiration.” Schinas ...

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• 24 October

  UAE, Estonia expand space collaboration at Expo 2020

  

  Dubai / WAM The UAE Space Agency has held high-level bilateral talks with a delegation of senior government and business officials from the Republic of Estonia to accelerate collaboration and the transfer of space-related technologies and services. Salem Butti Salem Al Qubaisi, Director-General of the UAE Space Agency, met with Kristi Talving, Deputy Secretary-General for Business and Consumer Environment, at ...

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• 24 October

  Developed countries hatch plan for $100b climate aid for poor nations

  

  Bloomberg A blueprint for how developed countries will contribute $100 billion a year to poor nations confronting climate change is set to be unveiled on Monday despite objections from the US and other nations that almost derailed the announcement. The plan is seen as critical to the success of the United Nations COP26 climate summit scheduled to begin October 31 ...

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• 24 October

  Dewa, Bavaria to enhance cooperation in clean energy

  

  DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), has received Roland Weigert, Bavarian Vice Minister of Economic Affairs, Regional Development and Energy, and his accompanying delegation to discuss ways of consolidating cooperation in the areas of clean energy, in addition to strengthening relations and exchanging expertise with the German businesses. The ...

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• 24 October

  Sheikh Mohammed approves Hatta Master Development Plan

  

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the Hatta Master Development Plan, which forms an integral part of the Dubai 2040 Urban Master Plan launched earlier this year to create a roadmap for enhancing infrastructure and implementing a series of development projects ...

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• 24 October

  Sheikh Mohamed’s support to fight polio helped save millions of lives

  

  DUBAI / WAM Abdul Rahman bin Mohammad bin Nasser Al Owais, Minister of Health and Prevention, has said the UAE represents an exemplary role model in polio control and eradication, stressing the UAE wise leadership has attached the utmost importance to the national programme for polio eradication, as one of the most important health achievements. Al Owais made the statement ...

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• 24 October

  Global Aerospace Summit 2022 to return to Abu Dhabi

  

  ABU DHABI / WAM Aviation, aerospace, space and defense leaders from across the planet will meet in-person in Abu Dhabi for the return of the Global Aerospace Summit on May 24 -26, 2022. The theme of the Summit, ‘Digital Driven Resurgence’, will showcase the rapid transformation that has happened across these sectors over recent years and the role of innovation ...

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