October, 2023

• 31 October

  Abdullah bin Zayed receives James Cleverly, discusses UAE-UK partnership, regional developments

  

  ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, discussed with James Cleverly, Secretary of State for Foreign, Commonwealth and Development Affairs of the United Kingdom and Northern Ireland, the latest developments in the Middle East. This came during a business luncheon in Abu Dhabi, where the two top diplomats reviewed international efforts towards ...

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• 31 October

  COP28 President says ‘world must unite on climate action’

  

  ABU DHABI / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President, addressed a record number of ministers and delegations from around the world at the opening session of Pre-COP, declaring that the international community needs to unite on climate action and that “we have to come through. We must unite. We must ...

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• 31 October

  The Energy Chief Trying to Get the UK to Speed Up Carbon Capture

  

  BLOOMBERG Centrica Plc boss Chris O’Shea is on a mission to show the UK government that it needs to rapidly speed up carbon capture projects, which could become crucial if the country is to reach its net zero ambitions. The company’s aging Morecambe gas site, off the west coast of England, wasn’t selected for a support scheme this summer that’s ...

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• 31 October

  European stocks gain ahead of slew of central bank decisions

  

  BLOOMBERG European stocks kicked off the week with gains as Israel’s military action in Gaza proceeded more cautiously, while investors look to the Federal Reserve for direction on interest rates. The Stoxx 600 index was up 0.6% in a broad risk-on move, with almost all the sectors trading in positive territory. Oil fell as Middle East conflict remained contained as ...

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• 31 October

  Foreign funds are selling India stocks at fastest pace in months

  

  BLOOMBERG Foreign investors have cut holdings of Indian stocks at a rapid pace over the past week, with disappointing earnings from some bellwether companies souring sentiment just as concerns about the Israel-Hamas war and higher-for-longer US rates hurt demand for riskier assets. Overseas funds sold $768.4 million of local shares alone, the biggest single-day outflow since June 2022 on a ...

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• 30 October

  20,000 relief packages prepared with participation of 5,000 volunteers in ‘Tarahum for Gaza’ Campaign

  

  ABU DHABI/ WAM The “Tarahum for Gaza” campaign continues with strong momentum and participation of citizens and residents of the UAE. Substantial contributions from the community are continuing in parallel with official efforts, reflecting the UAE’s deep-rooted values of human solidarity. In its third week, the campaign witnessed the participation of 5,000 volunteers during activities organised at the Etihad Arena ...

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• 30 October

  UAE leaders offer condolences to King of Bahrain over passing of Noura bint Salman

  

  ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolences to His Majesty King Hamad bin Isa Al Khalifa of Bahrain, over the death of Shaikha Noura bint Salman bin Hamad bin Isa Al Khalifa. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness ...

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• 30 October

  UAE President congratulates Turkish President on centennial of Republic of Türkiye

  

  ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan held a phone call today with Recep Tayyip Erdogan, President of the Republic of Türkiye, extending his congratulations on the centennial anniversary of the Republic’s establishment. During the call, His Highness conveyed his best wishes for ongoing progress and prosperity for Türkiye, its government, and people. His Highness affirmed ...

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• 30 October

  Porsche Design Head Says Chinese EVs Spur Edgier Car Concepts

  

  BLOOMBERG After nearly twenty years designing Porsche 911s and Cayennes, Michael Mauer says new competitors led by EV brands from China are making managers and designers in Germany more receptive to risky vehicle concepts. “These startups, with no heritage, they can do things completely different,” Porsche AG and Volkswagen AG’s head of design said in an interview. “I consider it ...

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• 30 October

  Tesla’s Slowing Growth Is Sending a Warning to All EV Makers

  

  BLOOMBERG Tesla Inc. this week tempered its growth expectations, signaling that pain is coming for the electric-vehicle industry, a Morgan Stanley analyst said on Friday. Adam Jonas, a long-time bull on the EV behemoth, said investors should seriously consider the broader implications for the EV industry globally after the company’s disappointing third-quarter results and its cautious earnings conference call. Demand ...

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