News

  Abu Dhabi / WAM The central bank announced that the money supply aggregate M1 increased by 2.1%, from AED671.6 billion at the end of October 2021 to AED686.0 billion at the end of November 2021. The money supply aggregate M2 increased by 1.3%, from AED1,498.3 billion at the end of October 2021 to AED1,517.1 billion at the end of ...

  Bloomberg Oil was poised for a third weekly gain as demand remained resilient while supplies are frayed across the Opec+ coalition and beyond. Futures increased again on Friday to trade near $80 a barrel in New York, bringing this week’s increase to almost 7%. Kazakhstan’s biggest oil producer has altered output at the giant Tengiz field following protests in ...

  Bloomberg Taiwan exports extended their double-digit growth for a tenth month, with shipments from the island in 2021 smashing all records due to soaring demand for technology products and components. Overseas shipments in December grew 23.4% from a year earlier to $40.7 billion, according to a statement from Taiwan’s Ministry of Finance Friday. Exports in 2021 were a record ...

  ABU DHABI / WAM ADQ has announced that Hisham Khalid Tawfiq Abdulkhaliq Malak has been appointed as Chairman of the Abu Dhabi Securities Exchange (ADX). He also serves as the Undersecretary of the Department of Finance. Additionally, Saeed Al Dhaheri, Chief Executive Officer of ADX, will also be ADX’s Managing Director.

  Dubai / WAM Green Universe has showcased its initiative titled “Creative Solutions for a Sustainable Green Connection of UAE”, in which it has addressed in detail the environmental, economic, health and social effects of the benefits generated from implementing the initiative. The function was attended by Ermal Dredha, ambassador of Albania in the UAE, Xhabir Hamiti, ambassador of Kosovo ...

  ABU DHABI / WAM The Atlantic Council announced on Friday that the 2022 Global Energy Forum will now be held alongside Expo 2020 in Dubai from March 28-29. The forum, which is part of Abu Dhabi Sustainability Week, will also be hosted in conjunction with the 2022 World Government Summit a major global convening focused on the tools, policies, ...

  DUBAI / WAM Issam Kazim, CEO, Dubai Corporation for Tourism and Commerce Marketing met on Friday with YB Dato Sri Haji Abd Karim Rahman Hamzah, Minister of Tourism, Arts, Culture, Youth and Sports Sarawak, Malaysia and his accompanying delegation, at Dubai’s Department of Economy and Tourism (DET). During the meeting, they discussed a number of topics of common interest ...

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 384,622 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. ...

  DUBAI / WAM The Department of Community Development (DCD) in Abu Dhabi has concluded the first phase of the Virtual Reality (VR) initiative for the elderly, in cooperation with the Family Development Foundation (FDF). The experiment witnessed the participation of senior citizens and residents and was designed to explore the impact of VR and modern technology in strengthening communication ...

  Bloomberg Italy is trying to lock in historically low financing costs at the start of a year where inflationary and political pressures could spell an end to super easy borrowing conditions. Rome offered a new 30-year bond via banks, kicking off Europe’s first sovereign syndicated deal of 2022. Initial price guidance was at eight basis points above comparable bonds, ...