October, 2021

• 7 October

  Toronto home sales rise in September

  Bloomberg Toronto home sales posted their first increase in six months as the end-of-summer holidays finally brought buyers some new supply, though it still wasn’t enough to alleviate a historically tight market or keep prices from continuing their upward march. The number of Toronto homes changing hands climbed a seasonally adjusted 0.7% in September, the first rise from one month ...

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• 7 October

  Zuckerberg denies putting profit over users’ safety

  

  Bloomberg Facebook Inc Chief Executive Officer (CEO) Mark Zuckerberg addressed a series of negative stories about the company for the first time by saying accusations that it puts profit over user safety are “just not true.” “It’s difficult to see coverage that misrepresents our work and our motives. At the most basic level, I think most of us just don’t ...

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• 6 October

  Stocks, futures decline with bonds on inflation worry

  

  Bloomberg US futures fall with stocks as surging energy prices stoked inflationary pressures ahead of a key US employment report. Treasury yields extended an advance. S&P 500 and Nasdaq 100 contracts declined, with tech giants such as Apple Inc and Facebook Inc down in premarket trading. European equities slid to a two-month low, with natural gas prices soaring even as ...

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• 6 October

  HK studies boosting yuan-denominated stocks on bourse

  

  Bloomberg Hong Kong is studying an expansion of trading in stocks denominated in the yuan as China pushes to gain broader international acceptance of its currency. In her annual policy address, Chief Executive Carrie Lam, said the city was looking at expanding channels for yuan flows from mainland China, including allowing trading of yuan-denominated stocks via an established link to ...

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• 6 October

  Adnoc, OCI plan to list 13.8% of Fertiglobe shares on ADX

  

  ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) and OCI backed fertiliser partnership, Fertiglobe, on Tuesday announced its intention to float a 13.8 percent stake on the Abu Dhabi Securities Exchange (ADX) through an initial public offering (IPO). This offering is open to UAE citizens and residents, as well as domestic and international institutional investors. The offer ...

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• 6 October

  Sheikh Mohamed calls Oman’s Sultan after cyclone hits country

  ABU DHABI / WAM HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Tuesday called His Majesty Sultan Haitham bin Tariq Al Said of Oman to check on the situation in the Sultanate in light of the tropical cyclone Shaheen that the country has been going through ...

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• 6 October

  Emirates NBD inks $750m financing deal for Emirates

  

  DUBAI / WAM Emirates NBD has signed a $750 million 5-year Dual Tranche Financing Facility with Emirates. The landmark transaction remains competitively priced and marks a first for Emirates Airline as a sales-receivable backed financing structure, aimed to diversify their liquidity pool. Emirates NBD, one of the leading banking groups in the Menat (Middle East, North Africa and Turkey) region, ...

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• 6 October

  Federation of UAE Chambers, Kuwait discuss boosting trade, investment ties

  KUWAIT / WAM A delegation from the Federation of UAE Chambers of Commerce and Industry has discussed, during a visit to Kuwait, means of boosting cooperation and promoting investment opportunities in the two countries. This came during a business meeting between Abdullah Mohamed Al Mazrouei, Chairman of the Federation of UAE Chambers of Commerce and Industry and Chairman of Abu ...

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• 6 October

  UAE, Australia discuss economic cooperation

  

  ABU DHABI / WAM Ahmed Ali Al Sayegh, Minister of State, has received Dan Tehan, Australian Minister for Trade, Tourism and Investment, accompanied by a delegation including Heidi Venamore, Australian Ambassador to the UAE, and Ian Halliday, Consul-General. During the meeting, which was held at the Ministry of Foreign Affairs and International Cooperation in Abu Dhabi, Al Sayegh welcomed the ...

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• 6 October

  RTA releases 6th sustainability report 2020

  Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has published its 6th Sustainability Report 2020, an annual publication reflecting its efforts in improving sustainability to become one of the most sustainable government organisations specialising in roads and transport worldwide. Releasing this report conforms to the UAE Vision 2021 and Dubai Plan 2021 and the sustainable development goals of the ...

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