January, 2023

• 13 January

  Goldman lost $1.2bn in just nine months in newest division

  

    Bloomberg Three months after Goldman Sachs Group Inc carved out a new division to house what’s left of its once-ambitious foray on Main Street, it’s giving shareholders a clearer look at those financials. The collection of businesses — including Goldman’s Apple Card — now packaged into the segment dubbed Platform Solutions racked up more than $1.2 billion in pretax ...

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• 13 January

  Global funds flocking back to China stocks as sentiment shifts

  

  Bloomberg Global funds are returning to China’s onshore stock market in full force as the nation emerges from Covid restrictions and pivots to pro-growth policies. Offshore investors added about $2 billion in mainland shares on Friday alone via trading links with Hong Kong, the largest daily tally in two months, according to data compiled by Bloomberg. Foreigners have boosted holdings ...

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• 13 January

  Philippine stocks near bull market as end of tightening in sight

  

    Bloomberg Philippine’s stock benchmark entered a bull market, as the country’s central bank signalled an imminent end to its monetary tightening cycle and the outlook for corporate earnings brightens as China reopens its borders. The peso also strengthened along with most Asian currencies as traders eased off hawkish bets for the Federal Reserve. The Philippine Stock Exchange Index rose ...

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• 13 January

  Duphat records commercial deals worth AED6.12 billion

  

    Dubai / WAM The 28th edition of the Dubai International Pharmacy Technologies Conference and Exhibition, Duphat 2023, concluded on Thursday in Dubai, generating exceptional interest from stakeholders across the pharmaceutical industry. The three-day global event saw commercial deals worth over AED6.12 billion, an increase of 20 percent from the previous year. Organised for the past 28 years by Index ...

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• 13 January

  UAE President issues law to set up Abu Dhabi Media Office

    Abu Dhabi / WAM In his capacity as Ruler of Abu Dhabi, President His Highness Sheikh Mohamed bin Zayed Al Nahyan, has issued a law establishing Abu Dhabi Media Office. The new entity replaces Abu Dhabi Government Media Office, and has the Creative Media Authority and Abu Dhabi Media Company under its umbrella. As an independent entity, Abu Dhabi ...

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• 13 January

  Abu Dhabi, Iran discuss economic cooperation

  

    Abu Dhabi / WAM Khalifa Shaheen Al Marar, Minister of State, met with Dr Mahdi Safari, Deputy Foreign Minister for Economic Diplomacy of the Islamic Republic of Iran, and an accompanying economic delegation at the headquarters of the Ministry of Foreign Affairs and International Cooperation in Abu Dhabi. A series of meetings was held to discuss the potential for ...

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• 13 January

  Dubai’s DP World, Maersk enter long-term partnership at Jebel Ali

  

  Dubai / WAM DP World has teamed up with global shipping services provider AP Moller-Maersk (Maersk), to improve operational efficiencies, enhance customer service and collaborate on decarbonising. The long-term strategic partnership will provide support for Maersk’s customers and implement new processes to improve quayside productivity, all leading to faster gate turnaround times at Jebel Ali Port and reduced bunker fuel ...

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• 13 January

  Abu Dhabi plants 1 million mangrove seeds by drone

  

  Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD) has successfully planted one million mangrove seeds using drones as part of the first phase of a drone mangrove plantation project supporting the Abu Dhabi Mangrove Initiative. The Abu Dhabi Mangrove Initiative was announced in February 2021 during Prince William, the Duke of Cambridge’s landmark visit to the UAE, ...

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• 13 January

  Arada awards deal for Sharjah hotel complex

    Sharjah / WAM Arada awarded a major contract to build the four buildings in the Vida Aljada hotel complex, which is located at the Aljada megaproject in Sharjah. The contract will result in the construction of the 175-room Vida Aljada hotel, as well as 255 branded residences and 149 branded serviced apartments, all of which are based in Aljada’s ...

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• 13 January

  Sharjah promotes its diverse opportunities at Asian forum

  

    Sharjah / WAM The Sharjah FDI Office (Invest in Sharjah) participates in the Asian Financial Forum (AFF) in Hong Kong. Led by Muhammed Al Musharakh, CEO, Invest in Sharjah, Marwan Saleh Alichla, Director, Investment Promotion & Support (Invest in Sharjah), Invest in Sharjah’s team participation aims to showcase the emirate’s diverse investment opportunities to international investors and business leaders ...

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