February, 2022

• 25 February

  Ukraine row: US stock futures pare losses, oil prices steady

  

    Bloomberg US equity futures dropped as the Ukraine conflict and Western sanctions on Russia muddied the outlook for markets and the global economic recovery. Crude prices steadied after briefly halting a rally. Contacts on the S&P 500 were down about 0.3% after paring earlier declines of more than 1%. Oil fluctuated, with benchmark West Texas Intermediate flipping to a ...

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• 25 February

  Russian stocks, ruble halt slide as traders digest key sanctions

  

  Bloomberg The ruble and stocks paused their historic slump as Western sanctions on Russia appeared less severe than some had expected. The benchmark MOEX index was up 15% after losing as much as 45% the day before in the wake of Russia’s attack on Ukraine. The ruble gained 2.1% against the dollar after sinking to a record low. Still, new ...

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• 25 February

  Gold extends drop as traders weigh Ukraine war, sanctions

    Bloomberg Gold extended a decline amid a rebound in stock markets as investors remained on edge while assessing the impact of Russia’s invasion of Ukraine and Western sanctions. European shares surged the most in two months on Friday as risk sentiment improved following a sharp sell-off. Bullion fell after surging to the highest in more than 17 months as ...

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• 25 February

  Etihad Rail, FAB ink AED2b deal for passenger services

  

    Abu Dhabi / WAM HH Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of the Abu Dhabi Crown Prince’s Court and Chairman of Etihad Rail, and Sheikh Mohamed bin Saif bin Mohamed Al Nahyan, Vice Chairman of FAB’s Board of Directors, on Thursday witnessed the signing of an agreement between Etihad Rail and First Abu Dhabi Bank for ...

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• 25 February

  ‘Emirati diplomats’ learn art of public diplomacy at AGDA

  Abu Dhabi / WAM As part of its dynamic series of diplomatic dialogues, the Anwar Gargash Diplomatic Academy (AGDA), the country’s leading entity that trains current and future diplomats of the UAE, hosted distinguished diplomats in its latest panel discussion, titled ‘Public Diplomacy Tradecraft.’ The event was attended by AGDA’s students, academics, as well as members of the diplomatic community ...

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• 25 February

  IHC completes acquisition of 70% stake in Arena Events

  

    Abu Dhabi / WAM International Holding Company PJSC, the Abu Dhabi-headquartered multi-sector conglomerate, has completed its acquisition of a majority stake in Arena Events Group PLC (Arena), a world-leading event structures and entertainment services business, previously listed on the AIM market of the London Stock Exchange. The acquisition of a 70% stake in Arena for a total consideration of ...

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• 25 February

  Ukraine crisis: Oil tanker owners avoid collecting Russian crude

  

    Bloomberg Oil tanker owners are avoiding offering their ships to collect crude from Russia as they wait to see what sanctions the country might face after invading Ukraine. Two shipbrokers and three owners said owners are currently unwilling to make offers to collect Russian barrels. The owners said that oil-freight transportation costs are also very low anyway, making it ...

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• 25 February

  Abu Dhabi’s ADX, AIX agree on terms of collaboration

  

    ABU DHABI / WAM Following the signing of the Memorandum of Understanding (MoU) in October 2021 between the Abu Dhabi Securities Exchange (ADX) and the Astana International Exchange (AIX), the two exchanges announced that officials from both financial markets met to further define the areas of mutual collaboration and target immediate next steps to achieving the goals of the ...

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• 25 February

  Getex 2020 opens in Dubai

  DUBAI / WAM Jameela bint Salem Al Muheiri, Minister of State for Public Education, inaugurated the Global Education & Training Exhibition (Getex), Middle East’s leading education exhibition and a student recruitment event. Held at the Dubai International Convention and Exhibition Centre, the opening ceremony was attended by Dr Abdulla Al Karam, Director-General of Knowledge and Human Development Authority (KHDA), other ...

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• 25 February

  UAE, US sign key pact on judicial cooperation in criminal affairs

  

    ABU DHABI / WAM The UAE and the US signed a judicial cooperation agreement covering mutual legal assistance in criminal affairs, which is the first agreement of its kind in the Gulf Cooperation Council (GCC) region. The agreement was signed by Abdullah bin Sultan bin Awad Al Nuaimi, Minister of Justice, and Sean Murphy, Foreign Affairs Attaché at the ...

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