April, 2022

• 4 April

  Italian inflation surges to 7% in March

    Bloomberg Italian inflation surged to the highest in three decades as energy prices continued to rise following Russia’s invasion of Ukraine. Prices increased 7% in March from a year earlier, statistics office Istat said. That’s the fastest pace since 1991. Rising prices and the ongoing conflict are impacting the economy with Finance Minister Daniele Franco saying last week that ...

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• 4 April

  Brazil exports, imports hit record high in March

    Bloomberg Brazil posted record monthly exports and imports in March on the back of a surge in global commodity prices fuelled by the Russian invasion of the Ukraine. Exports rose almost 20% from the same month a year ago to $29.1 billion, a record for the data series that goes back to 1959, the Economy Ministry reported. Imports increased ...

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• 4 April

  Tokyo Stock Exchange’s new look goes into effect

  

  Bloomberg The Tokyo Stock Exchange implemented its biggest revamp in over 60 years on Monday, with a long-awaited but largely symbolic restructuring of its market segments. Earlier hailed as a once-in-a-generation shift, the introduction of the three new sections — Prime, Standard and Growth — was intended to boost Japanese stocks’ appeal and understandability to foreign investors. But the restructuring ...

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• 4 April

  Stocks struggle, US futures slip; oil rises

  

    Bloomberg Stocks in Europe struggled for traction and US index futures slipped as traders weighed the latest developments in the Ukraine war, with some European governments pushing for stiffer sanctions on Russia amid reports that its troops executed unarmed civilians. The Stoxx Europe 600 index fluctuated at the open, with banks and car makers leading declines. The healthcare sector ...

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• 4 April

  UAE sends 5th plane carrying 30 metric tonnes of aid to Ukraine

  

    Abu Dhabi / WAM The United Arab Emirates has sent a fifth plane carrying 30 metric tonnes of medical and relief supplies to Ukraine. This comes as part of providing urgent relief support to impacted civilians in Ukraine, and is in response to international humanitarian appeal to support those who are displaced in Ukraine and the four million refugees ...

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• 3 April

  EDB announces AED1.9b contribution to UAE GDP

  

    Abu Dhabi / WAM Emirates Development Bank (EDB) has announced record growth over the past 12 months. The results, which were presented at the first EDB Board meeting of 2022, underline the success of the bank’s new strategy, which was launched in March 2021 to support UAE’s industrial development, accelerate the adoption of advanced technologies, and empower the growth ...

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• 3 April

  Mohamed orders AED340mn in social assistance across UAE

    ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has ordered the disbursement of AED340 million to recipients of social assistance across the country, on the occasion of the Holy Month of Ramadan. This amount will be disbursed in addition to the ...

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• 3 April

  Dubai Customs, Kuwait’s PAI to boost cooperation

  

    DUBAI / WAM Dubai Customs received a senior Kuwaiti delegation, headed by Abdulkarim Taqi, Director-General, Public Authority for Industry (PAI). Mansoor Al-Malik, Executive-Director for Policies and Legislation Division at Dubai Customs received the Kuwaiti delegation. The meeting was attended by a number of officials from Dubai Customs and Kuwaiti businessmen and traders. Al-Malik briefed the delegation on the latest ...

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• 3 April

  Over hundred firms pull $45b of deals since war in Ukraine

  

    Bloomberg At least a hundred companies worldwide have delayed or pulled financing deals worth more than $45 billion since Russia’s invasion of Ukraine. These include initial public offerings, bonds or loans and acquisitions. US equity market deals were the worst hit by global volatility in the first quarter as a crop of firms postponed listings, while Japanese and European ...

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• 3 April

  UAE-Israel to bolster ties in maritime sector

  

  Abu Dhabi / WAM The UAE and Israel have signed a memorandum of understanding (MoU) on cooperation in the field of maritime transport, exchange of experiences, and strengthening strategic partnership, as part of the Abraham Accords Peace Agreement. The MoU was signed by Suhail bin Mohammed Al Mazrouei, the UAE Minister of Energy and Infrastructure, and Merav Michaeli, the Israeli ...

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