October, 2021

• 4 October

  JPMorgan sees BOE rate hike this year

  Bloomberg A Bank of England (BOE) rate hike looks likely this year if UK supply problems don’t ease and inflation pressures aren’t tempered by the end of government job support. That’s according to Allan Monks, an economist at JPMorgan Chase & Co., who said in a note to clients that while the Monetary Policy Committee would prefer to delay a ...

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• 4 October

  Vaccine stocks shed $84bn as Merck pill adds to rough week

  

  Bloomberg For the world’s leading Covid-19 vaccine makers, news that Merck & Co’s experimental pill cuts the risk of hospitalisation and death in half was the latest blow in a very bad week. Stocks including Moderna Inc and BioNTech SE have shed about $84 billion in combined value this week in the aftermath of a stock market slump that sent ...

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• 4 October

  US IPOs emerging as unlikely haven in brutal month for stocks

  

  Bloomberg Newly listed stocks provided a surprising source of gains during the US market’s worst month since March of 2020. Typically losers in a risk-off environment, New York’s initial public offerings (IPOs) instead delivered a rise of 25% on average during September’s selloff in the broader market. Consumer-facing stocks such as Dutch Bros Inc and On Holding AG that opted ...

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• 3 October

  Oil rises for sixth week with Opec+ supply meet in focus

  

  Bloomberg Oil rises in tandem with equity markets while traders turned their attention to an upcoming Opec+ meeting that may yield supply increases. Futures in New York rise 1.1%. US benchmark crude posted a sixth straight weekly gain, the longest streak of weekly advances since early July. Buzz continued around whether on Monday Opec will decide to increase output after ...

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• 3 October

  Sharjah, Guatemala to boost investment ties

  

  Sharjah / WAM Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, hosted a high-level Guatemalan delegation, headed by Antonio Malouf, Guatemala’s Minister of Economy, at the House of Wisdom in Sharjah to explore and strengthen the framework of economic collaboration and enhance commercial and investment partnerships between the emirate and the Central American country. ...

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• 3 October

  CEPA will help India, UAE to serve larger global markets: Piyush Goyal

  

  DUBAI / WAM The proposed Comprehensive Economic Partnership Agreement (CEPA) between India and UAE will help both countries serve larger international markets, according to a top Indian official. In an exclusive interview with Emirates News Agency (WAM), Piyush Goyal, Indian Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles, said, “It (CEPA) will not only help ...

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• 3 October

  Wetex, DSS see large turnout of major German companies

  

  DUBAI / WAM The 23rd Water, Energy, Technology, and Environment Exhibition (Wetex) and Dubai Solar Show (DSS) will witness an array of major German companies in the German pavilion. Dubai Electricity and Water Authority (Dewa) is organising the exhibition under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ...

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• 3 October

  Sewa upgrades Al Falaj water pumping station

  Sharjah / WAM The Department of Water and Desalination Plants at Sharjah Electricity, Water and Gas Authority (Sewa) revealed the completion of a project to replace and develop Al Falaj water pumping station with a pumping capacity of 73.9 million gallons per day, contributing to saving 879 MWs of electricity annually and reducing CO2 emissions to 503 tonnes annually, at ...

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• 3 October

  Wetex, DSS witness large turnout of major German companies

  

  Dubai / WAM The 23rd Water, Energy, Technology, and Environment Exhibition (Wetex) and Dubai Solar Show (DSS) will witness an array of major German companies in the German pavilion. Dubai Electricity and Water Authority (Dewa) is organising the exhibition under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ...

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• 3 October

  IAF re-elects Majid Al Mansouri as president

  

  ABU DHABI / WAM The International Association for Falconry and Conservation of Birds of Prey (IAF), an international organisation that includes 110 clubs and agencies that are concerned with falcon hunting, where this organisation represents 90 countries, with which over 100,000 falconers around the world are affiliated, has announced the unanimous re-election of Majid Ali Al Mansouri – Secretary-General of ...

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