February, 2023

• 13 February

  India reclaims fifth place among world stocks as Adani claws back

  

  Bloomberg India has reclaimed fifth place among the world’s top equity markets by value after being briefly usurped by France during a selloff of Adani Group shares. India’s market capitalisation stood at $3.15 trillion on February 10, inching back above France with the UK retaining seventh place, according to data compiled by Bloomberg that shows the combined value of companies ...

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• 13 February

  Stocks are muted on inflation angst; dollar advances

  

    Bloomberg European stocks posted modest gains and Wall Street equity futures were little changed as investors positioned themselves for an action-packed week, including the release of US consumer price data that may confirm the inflation battle isn’t over, dashing hopes of a Federal Reserve rate pivot. Europe’s Stoxx 600 index edged higher, as travel and leisure and construction stocks ...

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• 13 February

  Ben Hudson, David Harman appointed CEO, CDO of Q Properties

  

    Abu Dhabi / Gulf Time “Q Holding”, Abu Dhabi’s major investment conglomerate, announced the appointment of two senior executives to lead its subsidiary, “Q Properties”, in its new phase of development. “Q” appointed Ben Hudson as the new Chief Executive Officer (CEO) and David Harman as the Chief Development Officer (CDO) of the group’s development arm, “Q Properties”, paving ...

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• 13 February

  Opec chief urges to invest more in oil to meet energy demand

  

    Bloomberg The Organisation of Petroleum Exporting Countries (Opec’s) top official urged countries to invest much more in oil to meet the world’s future energy needs and said climate policies need to be more “balanced and fair.” “It is imperative that all parties involved in the ongoing climate negotiations pause for a moment; look at the big picture,” Haitham Al-Ghais, ...

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• 13 February

  ‘Bridges of Goodness’ drive collects 30,000 food parcels

    ABU DHABI / WAM The “Bridges of Goodness”, a campaign launched by the Emirates Red Crescent (ERC) to provide relief to those affected by earthquakes in Syria and Turkiye, has collected more than 30,000 food parcels and large quantities of winter clothes, blankets and other humanitarian needs. The campaign, which is being jointly organised by the ERC in cooperation ...

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• 13 February

  CBUAE’s new ‘program’ to accelerate digital shift of financial services sector

  

    Abu Dhabi / WAM In line with the vision of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, and Chairman of the central bank of the UAE’s (CBUAE) Board of Directors, the CBUAE on Sunday launched its Financial Infrastructure Transformation Programme (FIT programme) to accelerate the digital transformation in the financial ...

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• 13 February

  Hatta Customs Centre makes 538 seizures

    Dubai / WAM Figures released by Dubai Customs showed that Hatta Customs Centre has completed 87.4 thousand transactions and made 538 seizures in 2022. The centre dealt with 78.6 thousand cargo trucks and 587 thousand vehicles last year. During his morning tour to the Hatta Border Crossing, Ahmed Mahboob Musabih, Director-General of Dubai Customs, CEO of Ports, Customs and ...

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• 13 February

  UAE President, Sheikh Mohammed welcome participants at WGS 2023

  

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, welcomed participants at the World Government Summit (WGS) 2023, which is set to start in Dubai on February 13, under the theme of “Shaping Future Governments”. This ...

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• 13 February

  Abu Dhabi Chamber signs three deals to support private sector

  

    Abu Dhabi / WAM In line with the launch of the Abu Dhabi Chamber of Commerce and Industry’s (ADCCI) new strategy for the next three years, the chamber has signed three memoranda of understanding (MoUs) with the Federal Tax Authority (FTA), the Statistics Centre – Abu Dhabi (Scad), and eBay, to support the private sector in the Emirate of ...

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• 13 February

  Ajman, Emirates Vision Media Network ink pact

  

    Ajman / WAM The Ajman Chamber of Commerce and Industry (ACCI) has signed a joint cooperation agreement with the Emirates Vision Media Network, with the aim of launching the “Spotlight” initiative, which intended to provide promotional and marketing support for local products related to national projects in Ajman. The agreement was signed by Jamila Kajour, Director of the Ajman ...

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