February, 2022

• 20 February

  New chip crisis means Japan’s auto giants aren’t in clear yet

  

    Bloomberg Japan’s top automakers emerged from a tough 2021 punctuated by a global semiconductor shortage and are forecasting profit will increase on the back of higher vehicle prices. However, a looming shortage of analog chips threatens to cloud the outlook. While tight supplies of semiconductors are set to ease later this year, the next bottleneck is likely to come ...

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• 20 February

  Ford’s CEO explores ways to separate its EV business

  

    Bloomberg Ford Motor Co is looking at ways to separate its electric-vehicle operation from its century-old legacy business, hoping to earn the sort of investor respect enjoyed by Tesla Inc. and other pure-play EV makers. Chief Executive Officer Jim Farley wants to wall off Ford’s electric operations from its internal combustion engine business and has even considered spinning off ...

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• 20 February

  Hon Hai says parts shortages easing

    Bloomberg The biggest assembler of iPhones said component shortages that plagued electronics production for more than a year are showing signs of easing, a potentially encouraging signal for manufacturers across industries. There will be a major improvement in parts shortages in the first quarter, with “overall supply constraints” set to ease in the second half, James Wu, a spokesman ...

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• 19 February

  Khalifa Fund to set up innovation, entrepreneurship centre in Kenya

  

    ABU DHABI / WAM Under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Khalifa Fund for Enterprise Development announced its plan to establish an innovation and entrepreneurship centre in the Republic of Kenya. The centre will focus on launching programmes, workshops, and ...

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• 18 February

  Oil heads for weekly loss as bumper rally starts to ease off

  

    Bloomberg Oil headed for the first weekly loss in two months as investors weighed the crisis over Ukraine and the potential return of Iranian barrels to the market. West Texas Intermediate slipped, trading near $91 a barrel after losing as much as 3% on Friday. Oil’s recent rally has shown signs of cooling, albeit from an exceptionally high level. ...

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• 18 February

  Expo 2020 hosts Qudwa-Pisa Global Competence Forum

    ABU DHABI / WAM The 2022 Qudwa-Pisa Global Competence Forum will take place on Saturday at Expo 2020 Dubai under the theme of “Preparing students to live in an interconnected world.” The event, held under the patronage of HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, ...

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• 18 February

  UAE-India strategic deals leads to glorious, shared future: Minister

  

    Abu Dhabi / WAM The key strategic agreements signed between India and the UAE on Friday in the presence of top leaders of both countries marked a “milestone” in the bilateral relations, which will lead to a “glorious, shared future,” India’s top diplomat told the Emirates News Agency (WAM). “The signing of the UAE-India Comprehensive Economic Partnership Agreement during ...

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• 18 February

  Dafz hosts promotional event for entrepreneurs

  

    Dubai / WAM The Dubai Airport Free Zone (Dafz) concluded its participation in Gulfood 2022, the world’s largest F&B sourcing event, held at Dubai World Trade Centre (DWTC) between February 13-17. The free zone successfully highlighted the vibrant business environment and investment opportunities it offers to regional and global food companies. During the exhibition, Dafz organised a promotional event ...

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• 18 February

  Vietnam keen to expand agri products in UAE

    Hanoi / WAM There remain huge opportunities for Vietnamese enterprises to accelerate exports of agricultural and food products to the United Arab Emirates thanks to its strong demand for these items, experts have said. As the regional trade and logistics centre, UAE was considered one of the world’s largest re-export markets for goods, including farm produce, said the Vietnamese ...

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• 18 February

  Expo 2020 Dubai to host 2022 Qudwa-PISA Global Competence Forum

  

    Abu Dhabi / WAM The 2022 Qudwa-PISA Global Competence Forum will take place on Saturday at Expo 2020 Dubai under the theme of “Preparing students to live in an interconnected world”. The event, held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed ...

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