February, 2023

• 2 February

  European stocks, US futures extend rally

  

    Bloomberg European stocks climbed with US equity futures, building on Wall Street’s advance after Federal Reserve Chair Jerome Powell said the central bank had made progress in its battle against inflation. The Stoxx Europe 600 index added about 0.6%, with traders now looking ahead to the European Central Bank’s policy decision after mixed inflation data reignited debate about how ...

  Read More »
• 2 February

  Investopia partners with US fintech platform iConnections

  

  MIAMI / WAM Investopia, a global investment platform launched by the UAE government, announced a partnership with iConnections, a leading financial technology platform, at the iConnections Global Alts 2023 event in Miami. The partnership allows Investopia’s investment community, including asset allocators, private equity, and hedge funds, to leverage iConnections’ digital capabilities to connect and thrive. The partnership is in line ...

  Read More »
• 2 February

  Opec+ keeps output steady on China, Russia uncertainty

  

  Bloomberg An Opec+ committee recommended keeping crude production steady as the oil market awaits clarity on demand in China and supplies from Russia. Saudi Arabia and its partners will continue to hold output at levels set late last year, when they announced a hefty cutback of 2 million barrels a day to balance markets amid a fragile economy, according to ...

  Read More »
• 2 February

  Agthia group posts 14% rise in 2022 net profit

  

    Abu Dhabi / WAM Agthia group PJSC announced preliminary and unaudited results for the fiscal year ending December 31, 2022, reporting a rise of 14% year-on-year (YoY) in net profit to AED247 million. According to its report, the group’s net revenue increased 33% YoY to AED4.07 billion, with growth of 97% on a two-year basis. Revenue growth from our ...

  Read More »
• 2 February

  UAE, Ireland to stimulate mutual investments in emerging sectors

  

  Abu Dhabi / WAM Abdullah bin Touq Al Marri, Minister of Economy, has highlighted the strong and solid relations shared between the UAE and Ireland with Dara Calleary, Irish Minister of State for Trade Promotion and Digital Transformation. In a meeting with Calleary – during the Irish government trade mission visit to the UAE – Al Marri said that these ...

  Read More »
• 2 February

  Enoc to build world-class storage facility in Tanzania

  

  DAR ES SALAAM / WAM Enoc group and Tanzania’s Ministry of Energy have signed an MoU to build a national import gateway and oil and gas storage facility in Tanzania to serve the country and the Eastern and Central Africa region. The agreement supports the UAE’s 2023 priorities to expand economic partnerships in Africa and its goal of doubling the ...

  Read More »
• 2 February

  Dubai sees 5.5% growth in energy demand in 2022

    Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), announced a 5.5% increase in energy demand in Dubai for 2022, reaching 53,180 GWh compared to 50,401 GWh in 2021. The increase reflects the robust performance of Dubai’s economy, population growth, and expansion across all key activities. In line with the vision ...

  Read More »
• 2 February

  Etihad Cargo surpasses its operational targets in 2022

  

    Abu Dhabi / WAM Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, exceeded its operational performance targets in 2022. The carrier achieved 80.5% on-time-performance (OTP) for freighter departures and 84.1% OTP for freighter arrivals, ahead of its 80% target. The carrier has also maintained a delivered-as-promised (DAP) rate of 86.6%, a 2.6% improvement compared to the ...

  Read More »
• 2 February

  UAE landmarks light up in support of World Neglected Tropical Diseases Day 2023

  

    Abu Dhabi / WAM Landmarks across the UAE lit up in support of the fourth World Neglected Tropical Diseases Day (WNTDD), an annual moment that aims to galvanise the global community in support of ending neglected tropical diseases (NTDs), a band of debilitating diseases that affect some 1.7 billion people worldwide. Seventeen buildings and structures across Abu Dhabi and ...

  Read More »
• 2 February

  Arab Health launches ‘Intelligent Health Pavilion’

    Dubai / WAM The official opening of the Intelligent Health Pavilion took place at Arab Health 2023, in partnership with Intelligent Health Association (IHA), allowing visitors to experience live use cases of the latest advances in sustainable healthcare technology across the care continuum. Running until February 2 at the Dubai World Trade Centre, the Intelligent Health Pavilion showcases how ...

  Read More »