February, 2023

• 7 February

  Japan stepped into forex market twice in October

    Bloomberg Japan stepped into the foreign exchange market three times in total last year, according to a fuller picture of the government’s latest intervention strategy to counter the yen’s historic fall. The Ministry of Finance conducted currency interventions on October 21 and 24, according to the daily operational report for the quarter ended December released by the ministry on ...

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• 7 February

  Morgan Stanley appoints two new senior investment bankers in S’pore

    Bloomberg Morgan Stanley has appointed two senior investment bankers in Singapore to new roles as it beefs up its Southeast Asia franchise. Ronald Ong has been named chairman of Southeast Asia, according to a memo seen by Bloomberg News. David Aronovitch becomes chief executive officer of the region, overseeing businesses including investment banking, the memo shows. A spokesperson for ...

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• 7 February

  Ghana plans to securitise $3.3 billion in central bank loans

  

    Bloomberg Ghana plans to convert an estimated 40 billion cedis ($3.3 billion) of loans owed to its central bank into bonds, making it the single biggest holder of domestic government securities and exposing it to an ongoing debt restructuring, according to people familiar with the matter. The bonds, due to be issued by the finance ministry, will also cover ...

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• 7 February

  Adani stocks rise after 8-day rout wiped out $118 billion

  

  Bloomberg Adani Enterprises Ltd. surged, leading gains in the group’s stocks after the conglomerate’s founders pre-paid some debt and traders covered short positions. The flagship’s stock rallied as much as 25%, while three of its peers jumped by their 5% limit in early trading. That helped trim the slump in the group’s market capitalisation to $112 billion since US-based Hindenburg ...

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• 7 February

  Stocks advance, US futures edge higher

  

    Bloomberg Stocks advanced and US equity futures inched higher ahead of commentary due later from Federal Reserve Chair Jerome Powell that may shape views on the central bank’s rate path. Energy shares led gains in Europe after oil major BP Plc boosted shareholder returns and reported record profit. Futures on the S&P 500 and Nasdaq 100 contracts were modestly ...

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• 7 February

  Marrybrown opens outlet at Dubai International Airport Terminal 1

  

    Dubai / Gulf Time Marrybrown, one of the leading halal-quick service restaurants in UAE, opened its Dubai International Airport Terminal 1 outlet. Hadi Ebrahim Al Abbas, Chief Communications Officer – Al Abbas Group said that the opening of the outlet is a momentous occasion and a testimony to the patronage that Marrybrown has in this region. “We have been ...

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• 7 February

  Twin quakes kill thousands in Turkey, Syria

  

  Bloomberg Some of the most powerful Middle East earthquakes in decades killed almost 2,000 people in Turkey and Syria and forced a halt in crude oil flows to a regional export terminal. A pre-dawn earthquake with a magnitude of 7.7 hit the Turkish city of Gaziantep on Monday morning and a second measured at 7.6 struck nearby just nine hours ...

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• 7 February

  Masdar opens Azerbaijan office to support clean energy objectives

  

  Abu Dhabi / WAM Masdar, one of the world’s fastest-growing renewable energy companies, has pledged to strengthen its support for Azerbaijan’s renewable energy development with the opening of an office in Baku, the capital city. The inauguration event for the office, located in Port Baku Tower, was attended by Mohammed Murad Al Blooshi, UAE ambassador to Azerbaijan; and Javid Abdullayev, ...

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• 7 February

  Investopia signs new partnership with EDB

  

  Dubai / WAM Investopia, the global investment platform launched by the UAE government, announced a new partnership through signing a MoU with Emirates Development Bank (EDB), one of the key financial engines for the economic development and industrial advancement of the UAE. Abdullah bin Touq Al Marri, Minister of Economy and Chairman of Investopia, witnessed the MoU signing during a ...

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• 7 February

  Dubai’s DP World shipping volumes up 1.4% in 2022

    Dubai / WAM DP World Limited handled 79 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the full year 2022, with gross container volumes increasing by 1.4% year-on-year on a reported basis and up 2.8% on a like-for-like basis. On a Q4 2022 basis, DP World handled 19.5 million TEU, up 2.4% on a ...

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