December, 2022

• 9 December

  World’s top money managers see double-digit stock gains in 2023

  

    Bloomberg Some of the world’s biggest investors predict that stocks will see low double-digit gains next year, which would bring relief after global equities suffered their worst loss since 2008. Amid recent optimism that inflation has peaked — and that the Federal Reserve could soon start to change its tone— 71% of respondents in a Bloomberg News survey expect ...

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• 9 December

  BofA says don’t bet on a rise in equities after last Fed hike

  

    Bloomberg While investors are impatient for the Federal Reserve to deliver its last rate hike to pile back into equities, history shows they should be wary of doing so while inflation remains persistently high, according to Bank of America Corp. (BofA) strategists. An analysis by Michael Hartnett and his team showed that stocks outperformed after the Fed stopped increasing ...

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• 9 December

  Adnoc, Taqa, Mubadala complete deal to acquire stakes in Masdar

  

    Abu Dhabi / WAM Abu Dhabi National Energy Company (Taqa), Mubadala Investment Company (Mubadala) and Abu Dhabi National Oil Company (Adnoc) announced on Thursday the successful completion of the Masdar transaction, following which they will all become shareholders in Abu Dhabi Future Energy Company (Masdar) — Abu Dhabi’s flagship clean energy company. This transaction — first announced in December ...

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• 9 December

  Sheikh Mohammed approves AED205bn budget for Dubai

  

    Dubai / WAM In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has approved the government of Dubai’s general budget for the fiscal cycle of 2023-2025, with total expenditures of AED205 billion. The budget meets Dubai’s aspirations and confirms its determination to continue developing and ...

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• 9 December

  UAE adds new batch of N-energy professionals at Barakah plant

    Abu Dhabi / WAM An additional 87 senior reactor operators (SROs) and reactor operators (ROs), 30 of whom are UAE nationals including five females, have been certified to operate the Barakah Nuclear Energy Plant as part of the operations crews of Nawah Energy Company (Nawah), the operations and maintenance subsidiary of the Emirates Nuclear Energy Corporation (Enec) mandated to ...

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• 9 December

  UAE-Saudi deal to drive cross-border market access for startups, tech firms

  

    Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, and Mohammed Bin Salman Foundation (MiSK Foundation) have partnered to ease international market access for startups and technology companies between Abu Dhabi and the Kingdom of Saudi Arabia. The partnership will benefit founders seeking a soft-landing into the Saudi Arabia or Abu Dhabi technology ecosystem, with access to value ...

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• 9 December

  Alpha Dhabi buys stake in Greek lifestyle brand

  

    Abu Dhabi / Gulf Time Alpha Dhabi Holding PJSC, one of the fastest-growing investment holding companies in the UAE listed on the Abu Dhabi Securities Exchange, announces that it has acquired an interest in Nammos group as a result of its joint venture partnership with Monterock International, an international investment company with a focus on hospitality and food and ...

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• 9 December

  Americana shares to list on ADX on Monday

    Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) announced the listing of shares of Americana Restaurants International Company PLC (public company limited by shares incorporated in the Abu Dhabi Global Market (ADGM) next Monday. According to circular issued by ADX, the shares will be listed on ADX under the trading symbol (AMR) and the ISIN:AEE01135A222 with effect ...

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• 9 December

  Agthia inks deal with AD Ports to boost supply chain connectivity

  

    Abu Dhabi / WAM Agthia group, one of the region’s leading food and beverage companies, on Thursday announced that it has signed a memorandum of understanding (MoU) with AD Ports group, the leading global facilitator of trade, logistics, and industry. The MoU was signed by Mubarak Almansoori, Chief Corporate Services Officer, Agthia group, and Qusai Kankazar, Chief Operations Officer, ...

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• 9 December

  ‘Memory of the Nation’ stands out at Sheikh Zayed Festival

  

  Abu Dhabi / WAM The “Memory of the Nation” pavilion by the National Library and Archives is participating in the Sheikh Zayed Festival once again to enrich it with historical knowledge, foster patriotism, instil national identity, inculcate Emirati values and the honourable principles of good citizenship among generations. The “Memory of the Nation” features historical documents, photographs and documentaries and ...

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