December, 2022

• 8 December

  RBA keeps open mind on digital currency

    Bloomberg Australia is keeping an open mind on a central bank digital currency, a senior Reserve Bank official said, while adding it remains to be convinced there’s a case for one in a country with easy financial and cash access. RBA Assistant Governor Brad Jones laid out the pros and cons of a CBDC in a speech in Sydney, ...

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• 8 December

  European stocks extend 4-day slide on economic headwinds

  

    Bloomberg European equities extended a four-day slide as optimism over a potential downshift in the Federal Reserve rates hikes deflates in the face of economic headwinds. The Stoxx Europe 600 slipped 0.2%, with property firms and banks pacing declines. Contracts on the S&P 500 steadied to trade little changed after the underlying benchmark posted the longest stretch of down ...

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• 8 December

  Japanese green-tech firm drive 268% stock surge, luring short bets

  

  Bloomberg Shares of a small Japanese green-technology firm have more than tripled in less than half a year on investor bets that microwaves will play a major role helping manufacturers reduce carbon emissions. Microwave Chemical Co. has jumped 268% since it listed in June, with its market value touching a high of about $300 million. Most of the gains have ...

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• 7 December

  UAE President, Putin discuss bilateral relations over phone

    Abu Dhabi / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, discussed during a phone call with Vladimir Putin, President of the Russian Federation, ways to build on the cooperative relationship between the two countries, as well as several regional and international matters of mutual interest.

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• 7 December

  Jafza’s polymers, petchem trade reaches $13.3b in ’21

  

  Dubai / WAM Jebel Ali Free Zone’s (Jafza) petrochemical sector witnessed an increase in export volumes in 2021, which grew 52 percent year-on-year. Additionally, last year, the free zone alone accounted for over 50% of Dubai’s polymers and petrochemicals trade, valued at over AED49 billion ($13.34 billion). DP World, through its local and regional assets, multimodal connectivity, cost-effective supply chain ...

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• 7 December

  AD Ports, AFC team up to address infrastructure gaps across Africa

  

  Abu Dhabi / WAM AD Ports group has signed a collaboration agreement with the Africa Finance Corporation (AFC), an infrastructure solutions provider in Africa, to address infrastructure gaps across the continent. The agreement provides the basis for the two organisations to join forces on identifying, financing, developing and investing in much-needed ports, warehouses, maritime and logistics infrastructure projects across Africa. ...

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• 7 December

  Abu Dhabi’s F&B private sector sees major growth

  

    Abu Dhabi / Gulf Time Abdulla Mohammed Al Mazrui, Chairman of Abu Dhabi Chamber of Commerce and Industry, (ADCCI), highlighted the growth in the food and beverage (F&B) and hospitality sector in Abu Dhabi, and the importance of the Abu Dhabi International Food Exhibition (Adife) in supporting this growth. Al Mazrui said, “the first edition of the Abu Dhabi ...

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• 7 December

  UAE Space Agency signs deal with AWS

    Abu Dhabi / WAM The UAE Space Agency and Amazon Web Services (AWS) signed a Statement of Strategic Intent and Cooperation to support the creation of a vibrant, sustainable, competitive, and innovative space sector in the UAE. Through this cooperation, the AWS will collaborate with the UAE Space Agency and related UAE government space organisations and institutions on three ...

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• 7 December

  New launch date for Emirates Lunar Mission announced

  

    Dubai / WAM The Mohammed Bin Rashid Space Centre (MBRSC) confirmed the new date for the launch attempt of the Emirates Lunar Mission. The inaugural launch of the Rashid Rover is now scheduled to take place on December 11, at 11:38 Gulf Standard Time (GST), or 02:38 Eastern US Time. The initial launch attempt was postponed, allowing SpaceX to ...

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• 7 December

  UAE’s non-oil foreign trade hits AED1.63tn in 9 months of 2022

  

  Abu Dhabi / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has said that the UAE’s non-oil foreign trade grew by 19 percent by the end of the third quarter of 2022 to reach AED1.637 trillion compared to the same period last year. He also pointed out that the country’s total non-oil foreign trade during ...

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