December, 2022

• 26 December

  Colombia’s rate hikes nearing an end: Villar

    Bloomberg The steepest series of interest rate increases in Colombia is nearing an end as inflation is expected to slow sharply with the economy set for a hard landing next year, the country’s central bank chief said. Policymakers have responded to the highest inflation in more than two decades — due mainly to international factors — with a “contractionary” ...

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• 26 December

  Adani effect propels India stocks past most world markets in ’22

  

  Bloomberg India is set to rank among this year’s best-performing major stock markets globally, overcoming concerns about higher interest rates and an economic slowdown that has mired peers. The S&P BSE Sensex Index is up 3% so far in 2022, the biggest gain in the world after measures in Singapore and Indonesia. A solid run of earnings buoyed key Indian ...

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• 26 December

  Stocks advance, currencies mixed in cautious trading

  

    Bloomberg Stocks made small advances while currencies were mixed in Asia on Monday amid cautious trading and reduced liquidity with many markets closed for holidays. Benchmark equity indexes for mainland China, Japan and South Korea climbed less than 1%, with a gain of just above that for India. Other markets including Hong Kong, Singapore and Australia were shut. Appetite ...

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• 26 December

  Food security a strategic priority of Emirates: Mariam Almheiri

  

    Dubai / WAM The Ministry of Climate Change and Environment (MOCCAE) hosted the first meeting of the Farmers’ Council, presided over by Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment. The meeting highlighted the government directions to promote sustainable modern farming systems across the UAE to increase the agricultural sector’s productivity and commercial value and enhance ...

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• 26 December

  DubaiNow completes 20mn transactions worth AED10bn

  

    Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said Dubai’s strategy for delivering services is based on the integration, interconnection, and simplicity of digital services. This makes the city’s services more accessible, efficient and secure, accelerating Dubai’s transformation into a global digital capital, His ...

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• 26 December

  UAE sends condolences to S Africa over fuel tanker explosion victims

    Abu Dhabi / WAM The UAE has expressed its sincere condolences and solidarity with the Republic of South Africa over the victims of a fuel tanker explosion in Johannesburg, which resulted in dozens of deaths and injuries. In a statement, the Ministry of Foreign Affairs and International Cooperation expressed its sincere condolences and sympathy to the government and people ...

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• 26 December

  Dubai Customs’ centres handle $238.4b of goods

  

  Dubai / WAM Air Cargo Centres Management has dealt with 81.162 billion items of goods since the beginning of 2022 until the end of November, with an estimated value of AED 875.86 billion ($238.4bn), including insurance and shipping costs. The management includes Cargo Village (customer service and inspection), Airport Free Zone (customer service and inspection), Emirates Post Inspection Centre, Air ...

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• 26 December

  Russia says it may reduce daily oil output by 700,000 barrels

  

    Bloomberg Russia may reduce its oil output by 500,000-700,000 barrels a day in early 2023 in response to the Group of Seven’s price cap on the nation’s crude exports, according to Deputy Prime Minister Alexander Novak. “We are ready to partially cut our production early next year,” he said in an interview with Rossiya-24 TV channel, adding the volumes ...

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• 26 December

  First phase of Ras Al Khor road project opens

    Dubai / WAM Dubai’s Roads and Transport Authority (RTA) opened on Sunday Phase I of the Sheikh Rashid bin Saeed Improvement Corridor Project extending from the intersection of Ras Al Khor with Dubai-Al Ain Road (Bu Kadra intersection) to the intersection of Ras Al Khor Road with Nad Al Hamar Road. Works included widening the road from three to ...

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• 26 December

  SteelFab 2023 brings together 200 exhibitors from 33 nations

  

  Sharjah / WAM Expo Centre Sharjah (ECS) has revealed that the 18th edition of the SteelFab 2023, the largest event of its kind in the Middle East and North Africa region, will see the participation of more than 200 local and international exhibitors from 33 countries representing eminent international manufacturers, suppliers and 400 major global brands of metalwork industry. The ...

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