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Habiba Egyptians increased by 15 thousand pounds .. Hyundai Elantra HD model 2023 price increase

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هيونداي النترا HD موديل 2023

The pioneer car sawHyundai“The Elantra HD model 2023 is a new increase in its market value among all variants offered in the local market, it belongs to the popular sedan category, and this increase is estimated at a rate starting from 10,000 pounds. 13,000 pounds and up to 15,000 pounds for the fully equipped fourth variant.

Technical performance of Hyundai Elantra HD model 2023

Hyundai has enhanced the capabilities of its unique car with a 1600 cc, 4-cylinder engine that produces 121 horsepower and 156 Nm of torque, mated to a 4-speed automatic transmission, front-wheel drive and Hyundai Elantra HD 2023 model. With its technical capabilities, it can accelerate from 0 to 100 km/h in 11.3 seconds, with an average fuel consumption of 6.6 liters per 100 km.

Hyundai Elantra HD 2023

Check Hyundai Elantra Hata Model 2023 Latest Prices

First type: “Automatic” worth 345 thousand pounds instead of 335 thousand pounds.

Second type: “Automatic” worth 355 thousand pounds instead of 342 thousand pounds.

Third category: “Automatic” worth 365 thousand pounds instead of 355 thousand pounds.

Fourth category: “Automatic” worth 375 thousand pounds instead of 360 thousand pounds.

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Economy

Copper shortage threatens global green energy transition |

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Copper shortage threatens global green energy transition |

Paris – The long global path to carbon neutrality to replace energy systems dependent on fossil fuels runs into a pitfall: the transition requires more copper than companies can currently produce.

Supply in the world copper market is expected to record a shortfall of up to six million tonnes relative to demand in the medium term, raising concerns about the energy transition.

Experts consider the red metal, which has not received enough attention in the past four years, to be a vital artery for energy networks, electrical equipment and other resources and industries, and a key means of reducing greenhouse gases.

Nexans Group Operations Director Vincent Desalle says: “If you want to transfer energy within a car or a building or between a production plant and a point of consumption, you have to send electricity, and currently we don’t have any. Better than copper, with acceptable cost and durability.”

Desalle confirmed to Agence France-Presse that the world was forced to rely on electricity to reduce greenhouse gas emissions, which increased demand for copper.

Europe, in particular, wants to reduce carbon dioxide emissions by 55 percent by 2030 compared to 1990. At the same time, developing countries are turning to electricity.

The International Energy Agency, which is organizing a summit on minerals critical to the energy transition this week, confirms that the copper market will see growth of about 50 percent between 2017 and 2022, reaching about $200 billion.

Diesel explained that two decades ago the world consumed 9 to 10 million tons of copper, and now its consumption is 23 to 24 million tons, which means the number has doubled.

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“We believe that in just ten years, global consumption will reach 35 to 40 million tonnes,” he said.

A study by Standard & Poor’s Global last February indicated that annual demand will double and reach 50 million tonnes by 2035, and that assumes sufficient red metal is available, which of course is not.

Copper is a relatively abundant electrical conductor, has no better substitute, and can be found in all kinds of products, from toasters to air conditioners, computer chips, smartphones and electric cars.

Diesel pointed out that in addition to the many cables needed to connect offshore wind turbines to power grids, a battery-powered car typically requires twice the amount of copper as a conventional car.

It’s unclear whether the usually cautious mining sector will absorb the scale of investment needed to meet the world’s needs, while faltering means the energy transition program could be derailed.

Laurent Soccoli of the International Copper Association, which includes mining companies and smelters and represents 50 percent of the world’s tonnage of copper produced, pointed out that the data pointed to the possibility of a “supply shortfall” for several years.

He stressed that the shortage was not yet due to “various reasons, including the development of prices and (copper’s) periodic replacement”.

Due to the tremendous growth in demand, he said, “we will face a problem with a shortfall of around 5 to 6 million tonnes in the early 2030s”.

Several ways to avoid shortages in the copper market have been mentioned, including the use of aluminum, which is a good conductor of electricity and does not see a shortage of resources, but its supply chain poses difficulties.

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According to Desalle, “Its production requires three different stages, and they are not always in the same geographical areas.”

Aluminum production uses a large amount of energy and leads to carbon emissions, so its price depends on energy prices.

He added, “Finally, there is a geopolitical element, which is that Russia, one of the world’s largest aluminum producers, has created additional restrictions on this market.”

As a way to avoid shortages in the copper market, the issue of recycling it is often mentioned among some experts and companies in the field.

The International Copper Association estimates that 40 percent of this metal is currently recycled, representing “one-third of the annual supply.” The importance of this method is increasing in industrialized countries.

According to Shokwali, while full copper recycling is difficult to envision in the long term, since it is often buried in the ground or in buildings, the 40 percent rate could be increased “through aggregate collection methods and improved copper separation techniques.”

Forecasts show that supply growth will peak in 2024 as fewer new mining projects come online and existing copper resources dry up.

Goldman Sachs analysts estimate that mining companies will need to spend nearly $150 billion over the next decade to deal with a shortfall of up to eight million tons.

According to the Global Copper Research Group, the global copper deficit in 2021 was 441 thousand tons, which is less than two percent of the demand for the refined metal.

Standard & Poor’s Global’s current worst-case scenario projections indicate a deficit equivalent to twenty percent of consumption by 2035.

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Abu Dhabi Securities Exchange enters into a partnership with BNY Mellon to expand custodial services globally

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Abu Dhabi Securities Exchange enters into a partnership with BNY Mellon to expand custodial services globally

ABU DHABI: The Abu Dhabi Securities Exchange, one of the world’s fastest growing financial markets, has appointed BNY Mellon, the world’s largest hedge bank, to support the dual listing of global companies on the Abu Dhabi Securities Exchange.

Through this collaboration, the bank will act as a link between the Abu Dhabi Securities Exchange and the International Securities Depository Institutions (ICSD), enabling the market to benefit from BNY Mellon’s global presence.

This initiative is part of ADX’s strategy to work with internationally recognized global capital markets institutions to develop innovative solutions that help improve the market’s infrastructure and capabilities. This collaboration with BNY Mellon will enable international issuers to dual-list their securities, starting in the US and expanding to other countries. Also, the market will provide investors with new investment opportunities in global markets.

On this occasion, Abu Dhabi Securities Exchange CEO Abdullah Salem Al Nuaimi said: “We are pleased to collaborate with BNY Mellon to strengthen our relationships with international securities depositories and facilitate dual listing in our fast-growing financial market. Our partnership with BNY Mellon, the world’s largest custodian, supports our strategy to drive innovation in our infrastructure, which will provide investors with a wide range of unique growth opportunities. Financial market in the region.

For his part, Hani Kiblawi, President of BNY Mellon International, said: “With our decades of presence in the region, we are pleased to work with a leading financial market such as the Abu Dhabi Securities Exchange to help investors have broad access to financial instruments.” Globalism. We focus on simplifying market complexity and connecting the financial system through innovative products and services that meet the needs of customers worldwide, and our appointment by the Abu Dhabi Securities Exchange is a prime example of this.

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In recent years, the Abu Dhabi Securities Market has introduced several new initiatives to attract more investors and improve market liquidity. The most important of these initiatives are the launch of the Financial Derivatives Market in 2021 and the launch of FTSE Abu Dhabi Securities. Market 15 “Fadax 15” Index and “Fadax 15” Index. For futures contracts in 2022, it will be the first benchmark for futures contracts on the market’s financial derivatives platform.

#Corporate Data
– I finish –

About Bank of New York Mellon (BNY Mellon).

BNY Mellon is a global investment firm offering sophisticated and thoughtful investment and wealth management services in 35 countries as part of its financial services offering to institutions, companies and individual investors. As of December 31, 2022, BNY Mellon’s total assets under custody/management reached $44.3 trillion in the securities and/or administrative services sectors, while total assets under management reached $1.8 trillion. A bank can act as a single point of contact for customers who want to initiate, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate banking brand of Bank of New York Mellon Corporation (NYSE: BK).

About Abu Dhabi Securities Market:

The Abu Dhabi Securities Market was established on November 15, 2000, pursuant to Local Law No. (3) of 2000. Under this Act, the market enjoys legal personality, financial and administrative independence and necessary supervisory and administrative powers. Duties. On March 17, 2020, the Abu Dhabi Securities Market was converted from a public company to a public joint stock company in terms of Law (8) of 2020. Abu Dhabi Securities Market is affiliated with the Holding Company (ADQ). of the largest holding companies in the region. , Abu Dhabi has a broad portfolio of major companies operating in key sectors within the Emirate’s diversified economy.

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The Abu Dhabi Securities Market is a market for trading securities. Including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange-traded funds and other financial instruments approved by the UAE Securities and Commodities Authority. The Abu Dhabi Securities Exchange is the second largest market in the Arab region, and its strategy of providing sustainable financial performance with diversified income sources is in line with the guiding principles of the UAE’s “Preparing for 50” agenda. The National Plan outlines the UAE’s strategic development roadmap, which aims to create a vibrant, sustainable and diversified economy that positively contributes to the transition to a new global model of sustainable development.

For more information on Abu Dhabi Securities Exchange, please contact:

Abdul Rahman Saleh Al Khatib

Director of Corporate Communications and Digital Marketing

Email: [email protected]

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Economy

Emirates News Agency – Standard & Poor’s to WAM: UAE economy expected to grow 3% in 2023 and 4% in 2024

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Emirates News Agency – Standard & Poor’s to WAM: UAE economy expected to grow 3% in 2023 and 4% in 2024

From/ Rami Sami..

ABU DHABI, September 26 / WAM / Standard & Poor’s Credit Ratings Agency (S&P) expects the UAE economy to grow by 3% in 2023, with the pace of growth rising to around 4% in 2024, with the main support of the non-profit sector being oil.

Analysts at Standard & Poor’s reported to the Emirates news agency WAM that the UAE government has implemented a broad set of economic and social initiatives over the past few years that will lead to long-term growth.

S&P analysts expect the emirate’s tourism sector to continue to grow by supporting the country’s hosting of major events, which will help it achieve its target of increasing visitor numbers to 40 million by 2030, and the number of hotel rooms to reach 250,000. Same period.

Analysts expect the UAE banking sector to continue to show strong fundamentals, see continued improvement in profitability and surpass pre-pandemic “Covid-19” levels supported by rising interest rates, while the real estate sector in Dubai will show greater resilience. Stable house prices in light of demand is a strong one amid expectations.

S&P’s sovereign ratings analyst Trevor Cullinan said the UAE economy is expected to grow by around 3% this year, and we expect expansion in the non-oil sector to be strong, with broad-based growth in the services and industrial sectors.

The economy of the UAE is expected to grow by around 4% next year, he said, due to the continued growth of the oil sector and non-oil sector, with many sectors contributing significantly to the growth of the country’s economy. , particularly in oil and gas, wholesale, industrial and real estate. , construction, financial services and real estate.

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In line with the “We Emirates 2031” vision, he expected the economic momentum of the non-oil economy to be supported by the influx of expatriates and tourists, positive sentiments of investors and consumers, in addition to the private sector. Aimed at increasing the volume of trade and increasing the share of tourism in the GDP, through collaboration… among all government agencies and institutions and the private sector to advance the development process.

Trevor Cullinan, The UAE government has taken a broad set of business and social initiatives over the past few years, which will lead to long-term growth as initiatives for residential and business are expected to attract skilled workers. Social initiatives can help improve the country’s position in the Middle East.

He said the UAE’s initiatives included allowing 100% direct foreign ownership of more than 1,000 commercial and industrial activities, along with a “bankruptcy” law that eased and provided individuals with financial problems by restructuring their debts. State in the field of ease of doing business, opportunity to re-borrow on easy terms to improve competitiveness.

He explained that the UAE’s initiatives include new visas, expanding the criteria for obtaining a golden residence visa for a period of 10 years, launching a green residence visa for five years, and allowing investors and businessmen to apply for work visas. A sponsor or host is required, and the initiation of a multiple-entry tourist visa for a limited period of five years, in addition to tourist visas for family groups.

Cullinan said the UAE’s recent efforts to improve the UAE dirham-denominated yield curve through the introduction of treasury bonds and instruments denominated in the local currency will lead to the development of local capital markets and expand funding sources for UAE companies and banks. , noted that the implementation of the UAE corporate tax system will contribute to the diversification of government revenue. Apart from the oil sector, the implementation of this tax is another step towards modernizing the business environment in the UAE and aligning it with international standards.

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For her part, S&P’s corporate rating analyst Tatiana Leskova expected the expansion of the tourism sector to support greater economic growth in the UAE, with Dubai Emirate succeeding in attracting 14.7 million international visitors by 2022, a doubling. What was achieved in 2022? In 2021, the number of visitors indicated this year could reach a peak of 16.7 million visitors in 2019 in 2023, while the Emirate of Abu Dhabi attracted 4.1 million hotel guests in 2022, an increase of 24%. From 2021 onwards.

The tourism industry in the UAE is expected to continue to grow, supported by key events such as the United Arab Emirates Conference of the Parties to Climate Change (COP28). The goal is to increase the number of visitors to 40 million by 2030, with the number of hotel rooms expected to reach 250,000 in the same period.

He pointed out that the emirates of Abu Dhabi and Dubai will lead the way in attracting business and tourism to the country, while other emirates such as Ras Al Khaimah and Sharjah are working to develop tourism sectors, which will increase diversity. Tourism offers in the country, especially the Emirate of Sharjah is Arab and Islamic culture and a family destination, it is safe, the Emirate of Ras Al Khaimah for its beautiful nature, recreational activities and authentic programs.

Tatiana Leskova expects the real estate sector in Dubai to show more flexibility with the expectation that house prices will stabilize in light of strong demand, noting that Dubai’s attraction for companies is evident in the increasing number of new business licenses.

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For his part, Dr. Said: Financial Institutions Ratings Analyst and Global Head of Islamic Finance at S&P, Muhammad Damak, said the banking sector in the UAE continues to show strong fundamentals, and profitability is expected to continue to improve and exceed pre-Covid-19 pandemic levels. Banks’ interests also benefit from technological advances.

He expects the capitalization of the UAE banking system to maintain its strength and benefit from improved internal capital formation, with UAE banks continuing to enjoy good financial and liquidity conditions and a good net external asset position, which protects them from downside pressures. An increase in the cost of global liquidity.

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