March, 2022

• 30 March

  Stocks decline, oil rises as Russia promise in doubt

  

    Bloomberg Stocks fall and energy prices rose as skepticism about Russia’s promise to de-escalate the war in Ukraine renewed concerns about higher raw material prices and commodity disruption. Europe’s Stoxx 600 snapped a three-day winning streak after surging to the highest level in five weeks. US futures slipped amid warnings that gains of the past two weeks have the ...

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• 30 March

  Apple rallies like it’s 2003 as buyers flock back to Big Tech

  

  Bloomberg Apple Inc extended gains, in a winning-streak last seen nearly two decades ago, as improved risk sentiment is sending investors back to the largest US technology companies. Apple rises for an 11th-consecutive day in New York, climbing 1.9% to close at $178.96 and roughly $3 shy of a closing record reached in early January. The longest-winning streak since 2003 ...

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• 30 March

  UAE plays key role in maintaining stability of oil markets: Al Kaabi

  

    Abu Dhabi / WAM Ahmed Al Kaabi, UAE Governor to the Organisation of Petroleum Exporting Countries (Opec), said the UAE is continuing to perform its key role in maintaining the stability of world oil markets. In his statement to the Emirates News Agency (WAM), Al Kaabi added the UAE is an active member of Opec, noting it assumed the ...

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• 30 March

  Abu Dhabi to launch world’s first carbon credit trading exchange

  

    Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has partnered with AirCarbon Exchange (ACX) to create the world’s first fully regulated carbon trading exchange and carbon clearing house which will be established in Abu Dhabi, the capital of the UAE. Pursuant to its recently released consultation paper, ADGM is set to ...

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• 30 March

  ‘UAE nuclear energy program an inspiring global example’

    DUBAI / WAM Rumina Velshi, President and CEO of the Canadian Nuclear Safety Commission (CNSC), said the UAE Peaceful Nuclear Energy Programme is an inspiring global example. In her exclusive statement to WAM, Velshi said she visited the Barakah Nuclear Power Plant two years ago and witnessed the success story of the programme, which she described as an unprecedented ...

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• 30 March

  ADX, FTSE to develop FTSE ADX 15 Index

  

    Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) and FTSE Russell have partnered to develop the FTSE ADX 15 Index, a benchmark blue chip measure that will support ADX’s recently launched derivatives market and the creation of ETFs and other index-tracking investment vehicles. Also known as the FADX 15, the benchmark index will be launched on March ...

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• 30 March

  UAE is fast-tracking low-carbon economic growth to deliver jobs

  

    ABU DHABI / WAM The UAE is fast-tracking low-carbon economic growth to deliver new jobs, new industries and new revenue streams, according to Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Special Envoy for Climate Change. Speaking at the Middle East and North Africa Climate Week, Dr Al Jaber explained that the UAE is ...

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• 30 March

  DP World unveils e-comm platform in Tanzania

  

    DAR ES SALAAM / WAM DP World on Tuesday announced the launch of its wholesale e-commerce platform DUBUY.com in Tanzania. The online marketplace will give Tanzanian businesses better access to international markets. It will also provide a more secure and reliable supply chain, through DP World’s worldwide ports and logistics network. The new platform enables Tanzanian businesses to buy ...

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• 30 March

  UAE minister, BlackRock CEO discuss ties

    DUBAI / WAM Abdullah bin Touq Al Marri, Minister of Economy, met with Larry Fink, CEO of BlackRock, a leading global asset management company, to discuss ways of boosting their investments in various economic sectors. The meeting took place during the Investopia Investment Summit, on the sidelines of the World Government Summit 2022. Al Marri highlighted the summit’s key ...

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• 30 March

  World is facing unprecedented speed of change, says Al Gergawi

  

    Dubai / WAM Mohammad Abdullah Al Gergawi, UAE Minister of Cabinet Affairs and Chairman of the World Government Summit (WGS) Organisation, opened the first day of WGS2022 by setting out how governments need to adapt to an accelerating speed of change that will challenge regulators’ ability to keep pace. Mohammad Al Gergawi gave ‘three readings of the future’ centred ...

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