October, 2023

• 4 October

  CBUAE lifts monitoring imposed on bank operating in UAE

  

  ABU DHABI / WAM The Central Bank of the UAE (CBUAE) announced the conclusion of administrative measures it had previously imposed on a bank operating in the UAE. This is a result of the bank’s adherence to the directives of the CBUAE with regard to the appointment of a consultant to take action and remediate its Anti Money Laundering (AML) ...

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• 4 October

  UAE Foreign Minister, Chilean counterpart discuss bilateral cooperation in Santiago

  

  SANTIAGO / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, and Alberto van Klaveren, Minister of Foreign Affairs of Chile, discussed bilateral relations and means to further develop them across various sectors. This came during the meeting held in the capital, Santiago, as part of the working visit that HH Sheikh Abdullah made to the ...

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• 4 October

  Thai Airways flights from China full after visa waiver for visitors

  

  BLOOMBERG Thai Airways International Pcl says flights from China have been over 90% full after Southeast Asia’s second-largest economy temporarily relaxed visa rules for visitors. “We have seen significant growth in terms of Chinese traffic into Thailand,” the carrier’s Chief Commercial Officer Korakot Chatasingha told Bloomberg Television. Thailand is banking on Chinese visitors to lead a spending recovery as policy ...

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• 4 October

  China’s planemaker gets $9.9bn order for 100 C919 planes

  

  BLOOMBERG China Eastern Airlines Corp ordered 100 C919 single-aisle planes from Commercial Aircraft Corp of China Ltd, dealing a potential blow to Boeing Co, which hasn’t had a large order from Chinese carriers in years. The order is worth $9.9 billion at list prices, but a significant discount has been applied, Shanghai-based China Eastern said in a statement. Airlines typically ...

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• 3 October

  Abu Dhabi’s Mubadala Energy joins EAD’s commitment to nature-based solutions, planting 700,000 mangroves

  

  ABU DHABI / WAM Mubadala Energy, the Abu Dhabi-based international energy company, has announced a major commitment to enhancing the role of nature–based solutions by planting 100,000 mangroves a year until 2030. The company is one of the first to join forces with the Environment Agency – Abu Dhabi (EAD) and its Abu Dhabi Mangrove Initiative (ADMI) to accelerate conservation ...

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• 3 October

  Adnoc, Fertiglobe to pilot modular carbon capture technology

  

  ABU DHABI / WAM Adnoc and Fertiglobe, the strategic partnership between Adnoc and OCI Global, on Tuesday announced the pilot deployment of the world’s first cost-effective modular CycloneCC carbon capture unit at Fertiglobe’s 100 percent owned nitrogen fertiliser plant in the Al Ruwais Industrial Complex, Abu Dhabi, UAE. The CycloneCC technology, which has been developed by Carbon Clean, is designed ...

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• 3 October

  COP28 Presidency launches programme to help Mena SMEs on net-zero strategies

  

  ABU DHABI / WAM The COP28 Presidency, in collaboration with the SME Climate Hub and We Mean Business Coalition, has launched a dedicated programme to help small and medium-sized enterprises (SMEs) in the Middle East and North Africa implement net-zero strategies. COP28 & SME Climate Hub for Mena was developed to elevate the role of SMEs and non-state actors in ...

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• 3 October

  China stocks in Hong Kong drop most since July as market reopens

  

  BLOOMBERG Chinese stocks listed in Hong Kong slumped as trading resumed after a holiday, hurt by a broad risk-off mood across the region and continued concern about the nation’s economic outlook. The Hang Seng China Enterprises Index slid 3.2%, the most in nearly three months. Support from mainland traders was absent as markets there remain closed for the Golden Week ...

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• 3 October

  Stocks slip with interest rates unease in focus for traders

  

  BLOOMBERG Stocks dropped with US Treasuries after hawkish signaling from the Federal Reserve bolstered speculation the US central bank will keep raising interest rates to counter inflation. UK fast-fashion retailer Boohoo Group Plc was among the sharpest decliners in Europe, plunging 10% after lowering its forecasts as it cuts prices to attract struggling shoppers. The region’s Stoxx 600 index retreated ...

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• 3 October

  Mohammed bin Rashid presides over the swearing-in ceremony of new DIFC Courts judges

  

  DUBAI/ WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, presided over the swearing-in ceremony of two new judges of the Dubai International Financial Centre (DIFC) Courts. H.H. Sheikh Mohammed bin Rashid wished the newly appointed judges success in their new roles and highlighted the importance of constantly ...

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