December, 2022

• 5 December

  China stocks climb, yuan jumps past key level on reopening shift

  

    Bloomberg Chinese equities rallied and the yuan strengthened past a key level, as the authorities accelerated a shift towards reopening the economy and more investors turned bullish. The yuan breached the 7-per-dollar level, while a gauge of Chinese tech stocks in Hong Kong surged 9.3% in a fifth day of gains. The dollar bonds of developers also rise as ...

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• 5 December

  Stock faithful hope for a wild rally before merciful end to 2022

    Bloomberg Stock-market investors are hoping for a strong finish to a chaotic year. A less hawkish Federal Reserve and encouraging inflation data could unleash a mega-rally in December, which has proved to be a strong month for the stock market over the past 70 years. This year, though, it may get off to a late start: With all the ...

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• 4 December

  Opec+ agrees to maintain oil production at current levels

  

  Bloomberg The Opec+ alliance decided to maintain production at current levels, pausing to take stock of a global oil market that’s roiled by uncertainty over Chinese demand and Russian supply. The outcome of the brief online meeting on Sunday reflects the unpredictability of supply and demand in the coming months, and the wild gyrations in prices of the past week. ...

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• 4 December

  Volunteering an inherent human value in UAE

    Abu Dhabi / WAM HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Al Dhafra Region, and Chairman of the Emirates Red Crescent, affirmed that the UAE is witnessing steady growth in promoting volunteer work, thanks to the directives and initiatives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan. HH Sheikh Hamdan said that the ...

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• 4 December

  Dubai to use future tech, robotics in aviation sector

  

    Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of Dubai Executive Council and Chairman of the Board of Trustees of the Dubai Future Foundation, witnessed the signing of three partnership agreements by Dubai Future Labs (DFL), an initiative of Dubai Future Foundation (DFF), with Emirates Airline, DP World, and dnata. ...

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• 4 December

  EU spent $12.43bn on imports of non-plug-in hybrid cars last year

  

    Brussels / WAM In 2021, the EU spent $12.43 billion (€11.8 billion) on imports of non-plug-in hybrid cars (41% of total extra-EU imports of hybrid and electric cars), €11.4 billion on full electric cars (39%) and €5.9 billion on plug-in hybrid cars (20%), according to figures published by Eurostat, the statistical office of the European Union. For all three ...

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• 4 December

  RTA to develop 3 rest stops for truck drivers

  

    Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has awarded contracts for constructing three all-inclusive Truck Rest Stops in partnership with the private sector. The first contract was made with Abu Dhabi National Oil Company (Adnoc), and two contracts with Almutakamela vehicle testing and registration. The contracts provide for the construction of three integrated truck rest stops over ...

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• 4 December

  Abu Dhabi Space Debate kicks off

    Abu Dhabi / WAM The Abu Dhabi Space Debate kicks off in Abu Dhabi. The two-day event, to be held under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, will witness the attendance of 300 decision-makers and representatives from 47 international space institutions and agencies. The Abu Dhabi Space Debate is a unique platform for ...

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• 4 December

  VP okays integrated platform for investment in UAE’s key sectors

  

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired the UAE cabinet meeting at Al Zorah Natural Reserve in Ajman, in the presence of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance; and ...

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• 4 December

  Big 5 to explore future-proofing of the construction industry

  

    Dubai / WAM The 43rd edition of the Big 5, the largest and most influential construction event in the Middle East, Africa, and South Asia, will open on Monday, and start a four-day run at the Dubai World Trade Centre with an industry-altering and future-proofing agenda. The annual event will feature six specialised events addressing the entire sector eco-system, ...

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