January, 2023

• 18 January

  RBI may pause rate hikes in February: DSP

    Bloomberg The Reserve Bank of India (RBI) may pause its rate hike cycle as early as the next monetary policy decision in February, according to Ankita Pathak, an economist at DSP Investment Managers Pvt. With India’s headline inflation for the October-December period falling below the RBI’s estimate, the central bank could reevaluate its strategy amid an ongoing global growth ...

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• 18 January

  Central bank rates seen peaking soon in Southeast Asia

  

    Bloomberg Southeast Asian central banks look like they are close to done fighting inflation using interest rates, with economists seeing the tightening cycle ending after 25- to 50-basis points of moves in the coming months. Policymakers in Indonesia, Philippines and Thailand will each raise borrowing costs by a total half-point in the coming months before reaching their peak rates, ...

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• 17 January

  ECB rates seen hitting peak of 3.25% before cut in July

    Bloomberg The European Central Bank’s (ECB) battle with inflation may end within half a year as policy makers begin to reverse rate hikes as soon as July. The deposit rate will be raised to a peak of 3.25% — from its current level of 2% in three steps. The survey shows two half-point hikes at the February and March meetings, ...

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• 17 January

  Stocks decline as traders fret over interest rates, earnings

  

    Bloomberg European equities and US stock-index futures fell amid signs central banks will turn more hawkish and as investors focused on earnings reports from Wall Street banks. Contracts on the S&P 500 and Nasdaq 100 indexes slipped at least 0.3% each as US markets were set to reopen after a holiday. The Stoxx Europe 600 Index was dragged by ...

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• 17 January

  Poll shows investors most underweight on US stocks since 2005

  

  Bloomberg Investors are the most underweight on US equities since 2005 as improving market sentiment sends them flocking towards cheaper regions, according to Bank of America Corp.’s (BofA) global fund manager survey. Participants in the January poll were “a lot less bearish” than in the fourth quarter, sparking a rotation to emerging markets, Europe and cyclical stocks, and away from ...

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• 17 January

  Dubai real estate deals hit record AED500bn in 2022

  

    Dubai / WAM Dubai’s annual real estate transactions have crossed the milestone of half a trillion dirhams for the first time in 2022, as the sector witnessed transactions worth a record AED528 billion in 2022, a 76.5 percent increase from 2021. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive ...

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• 17 January

  DMCC’s new platform to boost Mena region’s $32bn e-commerce sector

  

    Abu Dhabi / WAM DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has launched the DMCC E-Commerce Ecosystem to accelerate the growth of the e-commerce sector across the Mena region, which is currently valued at $32 billion and is expected to reach $50 billion by 2025. DMCC is currently ...

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• 17 January

  DoH inks deal to enhance Abu Dhabi’s pharma sector

  

    Abu Dhabi / WAM Hayat Biotech, a joint venture between G42 and Chinese pharmaceutical group Sinopharm CNBG, and the Department of Health – Abu Dhabi (DoH) signed a declaration of collaboration aimed at strengthening the emirate’s efforts in R&D, clinical research, and its manufacturing capabilities. The collaboration comes in line with DoH’s ongoing efforts to elevate Abu Dhabi’s position ...

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• 17 January

  Etihad launches new routes to European cities

    Abu Dhabi / WAM Etihad Airways will be introducing two routes this year, connecting Abu Dhabi to Copenhagen in Denmark and Düsseldorf in Germany. Launching on October 1, the flights will provide business travellers and holidaymakers in the UAE and these key European cities with convenient travel options to and from Abu Dhabi, with four weekly flights to Copenhagen ...

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• 17 January

  Sheikh Mohamed, Korean president visit Barakah plant

  

    Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Yoon Suk Yeol, President of the Republic of Korea, visited the Barakah Nuclear Energy Plant on Monday to celebrate the completion of Unit 3 and witness the continued progress of the plant, located in the Al Dhafra region of Abu Dhabi, UAE. The Presidential visit ...

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