January, 2023

• 5 January

  Sheikh Abdullah, Turkish foreign minister condemn storming of Al Aqsa Mosque

  

    Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, made a phone call to Mevlüt ÇavuÅŸoÄŸlu, Minister of Foreign Affairs of the Republic of Türkiye, during which they discussed the recent developments in Afghanistan and the storming of Al-Aqsa Mosque. HH Sheikh Abdullah and ÇavuÅŸoÄŸlu discussed mutual concerns over ...

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• 5 January

  RTA’s express bus route to shuttle commuters between Dubai, Hatta

  

    Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has launched an express bus route to shuttle commuters between Dubai and Hatta to support the public transport services to Hatta. At the same time, it launched another domestic bus route to operate within Hatta, which is experiencing extensive improvements in infrastructure and tourist facilities and services. The area boasts ...

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• 5 January

  ‘Trends’ announces strategic work plan for 2023

    Abu Dhabi / WAM Trends Research and Advisory Centre unveiled the main features of its Strategic Work Plan for 2023, which aims to firmly establish the centre’s international presence, its meaningful participation in shaping the future, and its role in spreading objective, research-based knowledge. The Strategic Work Plan for 2023 was reviewed in a work meeting between the CEO ...

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• 5 January

  NBF introduces CVVkey to tackle online card fraud

  

    Fujairah / Gulf Time In a nationwide first, National Bank of Fujairah (NBF) on Wednesday announced the introduction of CVVkey, a proven solution to online card fraud that can be used across all credit and debit cards issued by the bank. CVVkey will be a key element in NBF’s efforts to improve cybersecurity across its operations and protect its ...

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• 5 January

  Air France-KLM taps ESG market to repay state aid

  

  Bloomberg Air France-KLM is turning to a much-debated part of the ethical bond market to repay state aid that helped it weather the coronavirus pandemic. The airline is presenting its sustainability-linked financing framework to investors, and will then offer at least €300 million ($317 million) of sustainability-linked bonds, according to a person familiar with the matter, who asked not to ...

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• 5 January

  Kenya Airways stock suspension extended for further 12 months

  

    Bloomberg Kenya flag carrier’s shares will be suspended from trading for a further 12 months, extending the period the company’s stock is halted to more than three years as it struggles to return to profit. The suspension has been in place since July 2020 to allow the company complete its operational and corporate restructuring process, the Nairobi Securities Exchange ...

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• 5 January

  Walmart, others get $1bn tax bill for PhonePe shift to India

  

  Bloomberg Walmart Inc and other PhonePe shareholders will have to pay nearly $1 billion in tax after the digital payments company shifted its headquarters to India, according to people familiar with the matter. The bill stems from the relocation and rise in value of PhonePe Pvt, which Walmart took majority ownership of after acquiring parent outfit Flipkart Online Services. Now ...

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• 5 January

  No cause for China retaliation over Covid curbs on flyers: US

  

    Bloomberg The White House said there’s no reason Beijing should retaliate against the US and other nations that have imposed Covid restrictions on its travellers, saying the moves were justified on public health grounds as China experiences a surge in cases. “There’s no cause for retaliation here. Just because countries around the world are taking prudent health measures to ...

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• 5 January

  Malaysia to tighten Covid screening for all arrivals

    Bloomberg Malaysia will tighten screening rules for all foreign arrivals, Prime Minister Anwar Ibrahim said, amid concerns about the rampant Covid outbreak in China. “We are going to tighten screening but we won’t discriminate against any country,” he said at a post-cabinet briefing on Wednesday. The government will prioritise peoples’ health over the economy, he said. Malaysia joins several ...

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• 5 January

  Alibaba leads rally in US-listed China stocks

    Bloomberg Alibaba Group Holding Ltd led an advance in US-listed Chinese stocks in premarket trading, with Ant Group Co’s approved fundraising plan boosting optimism that China’s regulatory clampdown on its internet sector is easing. Alibaba, which owns a stake in Ant, rallied 6.7%. Its e-commerce peers JD.com Inc and Pinduoduo Inc both traded up more than 4.5%. Chinese stocks ...

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