December, 2022

• 14 December

  Bank of America expects $10b in India green deals in 2023

  

    Bloomberg India could attract close to $10 billion in renewable energy investment in 2023, a bright spot as public markets remain largely shut to big-ticket capital raising, according to Bank of America Corp’s top executives in the country. Deals and investments will continue to flow into areas such as electric vehicles and green hydrogen, Kaku Nakhate, the lender’s president ...

  Read More »
• 14 December

  US futures swing amid caution over Federal Reserve response

  

    Bloomberg US equity-index futures fluctuated between gains and losses as investors debated whether inflation had eased enough to encourage the Federal Reserve to slow monetary tightening. Contracts on the S&P 500 and Nasdaq 100 index rose about 0.1% each after the rally in US stocks on the back of a fifth month of decline in consumer-price growth. Treasuries rallied ...

  Read More »
• 14 December

  Tesla stock rout putting market cap below $500b

  

    Bloomberg The selloff in Tesla Inc shares that accelerated after the electric-vehicle maker was reported last week to be planning to temporarily suspend output at its Shanghai factory pushed the company’s market valuation briefly below the coveted half-trillion-dollar mark. Shares of the EV industry leader have been in a freefall over the past few months, sinking nearly 40% since ...

  Read More »
• 13 December

  Global trade soars to record $32 trillion in 2022, says UN

  

  Bloomberg  The value of global trade is set to reach a new record this year, increasing by about 12% to an estimated $32 trillion, according to a UN report that signalled a slowdown heading into 2023. “The substantial trade growth during the last year was largely due to increases in the value of the trade of energy products,” the United ...

  Read More »
• 13 December

  UAEBF confirms strength of nation’s financial sector

  Dubai / WAM Chairman of the UAE Banks Federation (UAEBF), Abdulaziz Al Ghurair, said that the UAE banking and financial sector has successfully addressed the numerous geopolitical and economic developments and changes that over the recent years have posed challenges to the global economy. He made the statements as he addressed the fourth meeting held by the CEOs of the ...

  Read More »
• 13 December

  Bank of China lists $300m bonds on Nasdaq Dubai

  

  Dubai / WAM Li Xuhang, Consul-General of the People’s Republic of China, on Tuesday rang the market opening bell to celebrate the listing of $300 million bonds on Nasdaq Dubai. This is the second time that the Bank of China is listing its bonds on the region’s international financial exchange, following the listing of CNH 2 billion bonds in 2015. ...

  Read More »
• 13 December

  Beeah to produce fuel cell grade hydrogen from waste wood, plastic

  

  Sharjah / WAM Beeah group, the Middle East’s sustainability pioneer, Chinook Sciences, UK’s innovator in waste to fuel technologies, and Air Water, a Japanese conglomerate with businesses relating to natural resources and industrial gas production, signed an MoU to produce fuel cell grade hydrogen from waste wood and plastic. The MoU signed in Japan is a first step in forming ...

  Read More »
• 13 December

  FTA launches its strategy to explore future of tax sector

  

    Abu Dhabi / WAM The Federal Tax Authority (FTA) has launched its strategy to explore the future of the tax sector and strive for world-leading tax procedures. The strategy is built on a thorough assessment and follows comprehensive plans developed to map out the future of the UAE tax system, in line with international best practices. In a press ...

  Read More »
• 13 December

  Dubai records AED1.2b realty deals in one day

  

    Dubai / WAM Dubai real estate market recorded 385 sales transactions worth AED936.65 million, in addition to 98 mortgage deals of AED186.25 million, and 41 gift deals amounting to AED131.82 million on Tuesday, data released by the Dubai’s Land Department (DLD) showed. The sales included 358 villas and apartments worth AED691.86 million, and 27 land plots worth AED244.79 million, ...

  Read More »
• 13 December

  UAE President inaugurates Khalifa Port expansion

  

    Abu Dhabi / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, on Tuesday inaugurated Khalifa Port’s expansion, as part of a celebration recognising the achievements of AD Ports group on the 10th anniversary of Khalifa Port, and the 50th anniversary of Zayed Port. On this occasion, His Highness said, “The Khalifa Port expansion project is one of ...

  Read More »