February, 2023

• 27 February

  e&, Mastercard to drive ambitious digital future for consumers

  

  DUBAI/ WAM e& has announced a strategic partnership with Mastercard that will see consumers and businesses in 16 markets across the Middle East, Asia and Africa benefit from a variety of new technologies and user-friendly experiences. The experiences include providing consumers with innovative alternatives to how they choose to pay for a variety of lifestyle activities. Consumers will also benefit ...

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• 27 February

  Seha receives 5.1 million outpatient visitors in ’22

  

  ABU DHABI / WAM Abu Dhabi Health Services Company (Seha), part of the PureHealth group, has announced its key achievements in 2022 from the latest report curated by the Emirates News Agency (WAM). Some of Seha’s most notable achievements in 2022 include the closure of its Covid-19 testing centres and 5.1 million outpatient visits throughout the year. Collectively, a total ...

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• 27 February

  UAE search and rescue team returns back home

  

  ABU DHABI / WAM The UAE search and rescue team, as part of the “Chivalrous Knight / 2” operation in Syria, has returned home following the completion of the rescue mission in earthquake-hit Syria. Lt. Colonel Hamad Al Kaabi, Commander of the Emirati Search and Rescue in Syria, said that the team has made exceptional efforts in the rescue mission ...

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• 27 February

  UAE records 32% jump in green, sustainable finance

  

  DUBAI / WAM The UAE witnessed a 32 percent year-on-year (YoY) growth in its 2022 green and sustainable finance issuing, a new report by leading consulting firm Arthur D. Little showed. Between 2019 and 2022, the UAE recorded increasing environmental, social, and corporate governance (ESG) reporting across major public and private institutions such as Dubai Financial Market, Ministry of Climate ...

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• 27 February

  UniCredit to boost bonus pool up to 20% after strong year

  

  BLOOMBERG UniCredit SpA is set to increase its overall bonus pool for 2022 by about 20%, after a year in which the Italian lender beat profit expectations and increased shareholder returns, people familiar with the matter said. The Milan-based bank’s payout covers non-executive employees working at branches and offices and about 900 top managers with risk responsibilities, said the people, ...

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• 27 February

  Goldman sees modest yen weakness from US rates

  

  BLOOMBERG Pressure from the US bond market may lead to modest yen weakness in the short-term, outweighing any positive impact from speculation of a Bank of Japan (BOJ) policy shift, according to Goldman Sachs Group Inc. If markets continue to price in resilient US growth and more interest-rate hikes than expected, there is scope for further “tactical yen underperformance,” wrote ...

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• 27 February

  Bets on ECB hikes in 2024 send German yields to 11-year high

  

  BLOOMBERG Traders are betting for the first time that the European Central Bank (ECB) will extend its rate-hiking cycle into 2024, leading to a selloff in German debt that took yields to the highest in more than 11 years. Swap-market pricing shows they briefly wagered the ECB will raise its deposit rate to as much as 3.9% in February 2024. ...

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• 27 February

  Japan Post plans to sell $9.5b of shares in its banking unit

  

  BLOOMBERG Japan Post Holdings Co plans to sell 1.3 trillion yen ($9.5 billion) of shares in its banking unit, the latest step in the postal group’s privatisation. The former state-run mail and financial services giant is seeking to sell about 975 million shares in Japan Post Bank Co, a Ministry of Finance filing showed. The offer to domestic and international ...

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• 27 February

  Goldman turns to ‘make-or-break’ unit as its CEO put to test

  

  BLOOMBERG Goldman Sachs Group Inc’s leaders take the stage hoping to turn the page on a forgettable 2022, lay out new reasons for investors to rally around the stock and quell dissatisfaction within the firm’s ranks. After a year in which profits slumped by half and a consumer-banking strategy unraveled, executives plan to offer a more forceful case for shareholders ...

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• 27 February

  Books ‘through the prism of mindfulness’ launched

  

  DUBAI / GULF TIME The Retreat Palm Dubai hosted an exclusive private event for two friends and authors, Abhi Indrarajan and Naseema Taleb, who collaborated and launched their respective books combined with a photo exhibition. The bustling art and creative hub that Dubai is fast becoming, played a big role in bringing these two friends together, both with common roots ...

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