March, 2023

• 9 March

  FATF accredits Emirati Waleed Al Hosani as assessor

  

  ABU DHABI / WAM The Financial Action Task Force (FATF) accredited the Emirati international expert, Dr Waleed Al Hosani, advisor to the Chairman of the National Committee for Combating Money Laundering and Financing of Terrorism and Illegal Organisations, as assessor in current fourth round of assessment of the systems of member countries in the field of combating money laundering and …

  Read More »
• 9 March

  Empowering women means empowering societies and nations: Bodour Al Qasimi

  

  SHARJAH / WAM Sheikha Bodour bint Sultan Al Qasimi, President of the American University of Sharjah (AUS), has emphasised the importance of celebrating the invaluable contributions of women to their communities. In her message to the AUS community on International Women’s Day, Sheikha Bodour said, “Empowering women means empowering societies and nations and opening doors of possibility for communities to …

  Read More »
• 9 March

  Etisalat chooses IBM to help operationalise sustainability

  

  DUBAI / WAM etisalat by e& UAE and IBM have announced that IBM will leverage IBM sustainability software to help advance etisalat by e& company’s environmental, social and governance (ESG) strategy. etisalat by e& is committed to monitoring, benchmarking, and enhancing its economic, environmental, and social performance. This effort aims to define clear ESG goals and the roadmap to achieve …

  Read More »
• 9 March

  Russia shifts tactic with barrage that kills five in Ukraine

  

  BLOOMBERG Russia launched a devastating bombardment against cities across Ukraine, killing at least five people and casting hundreds of thousands more into sporadic blackouts with a new mix of weapons that mostly evaded air defenses. The barrage extended Russian President Vladimir Putin’s five-month campaign of air strikes targeting civilian infrastructure including the energy grid, hospitals, schools and residential buildings. At …

  Read More »
• 9 March

  North Korea fires short-range missile

  

  BLOOMBERG North Korea fired a suspected short-range ballistic missile after the influential sister of the state’s leader threatened the US with severe consequences if it goes ahead with joint military drills with South Korea. South Korea’s Joint Chiefs of Staff said in a text message to reporters the missile was fired at around 6:20 pm on Thursday from the western …

  Read More »
• 9 March

  Apple shakes up global sales ops for bigger focus on India

  

  BLOOMBERG Apple Inc is reshuffling management of its international businesses to put a bigger focus on India, according to people with knowledge of the matter, a sign of the nation’s growing importance. The shift will mark the first time that India becomes its own sales region at Apple, which has seen demand surge in the country. That will give the …

  Read More »
• 9 March

  India’s $3bn green borrowing may add longer maturity debt

  

  BLOOMBERG India may sell as much as 250 billion rupees ($3 billion) of green bonds in the next fiscal year and plans to include longer maturity debt to the offering, according to people familiar with the matter. There is a demand for papers of 30- to 40-year tenor, particularly from insurance companies, to fund projects with a longer gestation period, …

  Read More »
• 9 March

  China’s weak inflation eases pressure on global prices

  

  BLOOMBERG China’s consumer and producer prices remained subdued in February as food and commodities costs eased, suggesting the country’s reopening won’t be adding to global inflation pressures. The consumer price index rose 1% last month from a year earlier, the National Bureau of Statistics (NBS) said, the lowest level since February 2022 and well below estimates. Less volatile core inflation …

  Read More »
• 9 March

  Singapore keen to facilitate US-China dialogue amid tensions

  

  BLOOMBERG Singapore’s top trade official said the city-state is willing to facilitate a dialogue between the US and China to repair their relationship, as he described growing tensions between the world’s biggest economies as detrimental to the world. US-China tensions “have serious consequences for the rest of the world,” Gan Kim Yong, Singapore minister for trade and industry, told Bloomberg …

  Read More »
• 9 March

  Goldman favours EM equities over bonds as rates buffer fades

  

  BLOOMBERG Emerging-market shares have value as bonds are losing their buffer because of US rates volatility, according to analysts at Goldman Sachs Group Inc. With rising nominal interest rates, local fixed income securities “no longer appear to have much cushion” with fluctuations in US rates, strategists led by London-based Kamakshya Trivedi wrote in a note. MSCI Inc.’s index of developing …

  Read More »