December, 2022

• 7 December

  The year’s big yen short set for a dramatic U-turn in 2023

    Bloomberg The world’s worst-performing major currency looks poised for an impressive turnaround in 2023 as its two key drivers — a hawkish Federal Reserve and a dovish Bank of Japan — swap places in the eyes of some investors. The yen — a favoured short against the dollar for a majority of this year — could rally more than ...

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• 6 December

  Bahrain’s Investcorp to acquire US asset manager Marble Point

  

  Bahrain / Gulf Time Investcorp, a leading global alternative investment firm, on Monday announced it has agreed to acquire Marble Point Credit Management LLC (Marble Point), a leading US-based collateralised loan obligation (CLO) manager. “The proposed acquisition of Marble Point is a significant milestone in Investcorp’s 40-year journey of growth through diversification, geographic expansion and building scale. With $50 billion ...

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• 6 December

  UAE leaders wish King of Thailand on National Day

    Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to King Maha Vajiralongkorn of Thailand, on the occasion of his country’s National Day. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, sent similar messages to the Thai King ...

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• 6 December

  Mubadala UAE Investments platform head to join Adnoc

  

    Abu Dhabi / WAM Mubadala Investment Company PJSC (Mubadala), the Abu Dhabi sovereign investor, on Monday announced the transition of Musabbeh Al Kaabi from his current role as Chief Executive Officer of the UAE Investments platform to Executive Director of a new Low Carbon Solutions & International Growth vertical at Abu Dhabi National Oil Company (Adnoc) as of January ...

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• 6 December

  ADX wins two awards for outstanding performance

  

    Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) has been recognised by World Business Outlook with awards for “Best Trading Securities Exchange – Mena 2022” and “Best Trading Derivatives Exchange – Mena 2022” for accomplishments since 2021. ADX won the “Best Trading Securities Exchange – Mena 2022” award for reaching a record market capitalisation of more than ...

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• 6 December

  Emirates NBD teams up with Buna to boost cross-border transactions

  

    Dubai / WAM Emirates NBD announced its partnership with the Arab payment system Buna to facilitate payments and transfers within the Arab region. Buna is operated by the Arab Regional Payments Clearing and Settlement Organisation “Arpcso,” a subsidiary of the Arab Monetary Fund (AMF). The landmark tie-up with Buna will provide Emirates NBD’s clients with a more rapid, efficient ...

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• 6 December

  Emirates’ A380 touches down in New Zealand

    AUCKLAND / WAM Emirates’ flagship A380 made a landmark touchdown at Auckland Airport. This is the first time the Emirates double-decker has landed in Auckland since February 2020, demonstrating increasing travel demand in and out of New Zealand. The special non-stop daily service from Dubai to Auckland was greeted at Auckland Airport ahead of the country’s first fully open ...

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• 6 December

  UAE President, Emir of Qatar discuss ways to enhance ties

  

  Dubai / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, on Monday, discussed with HH Sheikh Tamim bin Hamad Al-Thani, Emir of Qatar, the brotherly relations and ways of enhancing their cooperation to advance the common interests of the two countries. This was part of their official talks that took place at the Emiri Diwan in Doha. The ...

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• 6 December

  Emirates NBD, Buna partner to enhance cross-border deals

  

  Dubai / WAM Emirates NBD announced its partnership with the Arab payment system Buna to facilitate payments and transfers within the Arab region. Buna is operated by the Arab Regional Payments Clearing and Settlement Organisation “Arpcso,” a subsidiary of the Arab Monetary Fund (AMF). The landmark tie-up with Buna will provide Emirates NBD’s clients with a more rapid, efficient and ...

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• 6 December

  Abu Dhabi Space Debate, a great opportunity to face space sector’s challenges

  

  Abu Dhabi / WAM Sarah bint Yousef Al Amiri, Minister of State for Public Education and Advanced Technology, Chairperson of the UAE Space Agency and the Higher Committee of the Abu Dhabi Space Debate, said that the Abu Dhabi Space Debate is a great opportunity to find solutions to the challenges facing the space sector and enhance international cooperation that ...

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