February, 2022

• 4 February

  Zuckerberg tells staff to focus on video as Meta plunges

  

    Bloomberg Mark Zuckerberg quipped that if he started to cry, it wasn’t because of the day’s news. His red, teary eyes were the result of a scratched cornea, the Facebook founder said, attempting to lighten the mood as Meta Platforms Inc.’s stock price lost more than a quarter of its value. At a company-wide virtual meeting, Zuckerberg explained that ...

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• 4 February

  Strategists see surging equity flows while bonds get dumped

  

    Bloomberg A wild start to the year for global equity markets hasn’t deterred investors, with data showing ever-increasing inflows in stock funds while bonds and cash are being dumped. Equity funds attracted $21.8 billion in the week to February 2, bringing the year-to-date total to $106 billion, according to Bank of America Corp (BofA) strategists tracking EPFR Global data. ...

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• 4 February

  Hong Kong stocks cap biggest post-Lunar holiday gain since ’09

  

    Bloomberg Hong Kong stocks posted their biggest post-Lunar New Year holiday advance since 2009, as traders played catch-up to gains in global equities and a rally in financials outweighed the impact of an overnight tech rout in the US. The Hang Seng Index closed up 3.2% on Friday. AIA Group Ltd. and HSBC Holdings Plc were among those leading ...

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• 4 February

  Extreme foreign selloff in India stocks may ease

    Bloomberg If history is a guide, the heaviest selling by foreigners of Indian stocks since the global financial crisis is poised to end, with any turnaround likely to be led by stocks with major holdings among the overseas investors. That’s the view from Bloomberg Intelligence after foreign institutional investors net-sold $10 billion of local stocks since October, the most ...

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• 4 February

  Adnoc announces major gas discovery offshore Abu Dhabi

  

    Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Thursday the discovery of natural gas resources offshore of the Emirate of Abu Dhabi. Interim results from the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession operated by Eni,indicate between 1.5 – 2 trillion standard cubic feet (TSCF) of raw gas in place. ...

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• 4 February

  UAE to host SpaceOps for first time in Arab world

  Dubai / WAM The Mohammed Bin Rashid Space Centre (MBRSC) on Thursday announced that it is all set to host the 17th International Conference on Space Operations (SpaceOps 2023), one of the world’s leading and premier space events at the World Trade Centre in Dubai, UAE. The event, being held for the first time ever in the Arab world, is ...

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• 4 February

  Aldar to boost education portfolio with further AED1bn investment

  

    ABU DHABI / WAM Aldar Properties (Aldar) announced plans to invest AED1 billion into Aldar Education, its wholly owned subsidiary, and the largest premium school operator in Abu Dhabi. With 80 percent of the investment already committed and planned for deployment over the next three years, Aldar will diversify its education portfolio and expand its offering to widen the ...

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• 4 February

  Adceb, Miral team up to attract larger Mice groups

  

    ABU DHABI / WAM Abu Dhabi Convention and Exhibition Bureau (Adceb) has announced a new partnership with Miral, Abu Dhabi’s leading curator of magnetic experiences, to strengthen the emirate’s position as a leading destination for Meetings, Incentives, Conferences and Exhibitions (Mice), specifically targeting business events with more than 500 attendees. The partnership has resulted in the creation of the ...

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• 4 February

  UAE, Turkey discuss ways to boost trade ties

    ABU DHABI / WAM Abdullah Mohamed Al Mazrouei, Chairman of the Federation of UAE Chambers of Commerce and Industry and Chairman of Abu Dhabi Chamber of Commerce and Industry, has received Tugay Tuncer, Ambassador of Turkey to the UAE, at the chamber’s headquarters in Abu Dhabi. Al Mazrouei wished the Turkish Ambassador all the best in performing his duties ...

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• 4 February

  UAE to mark International Day of Human Fraternity

  

    ABU DHABI / WAM The UAE will celebrate the International Day of Human Fraternity on Friday, designated by the United Nations (UN) General Assembly on an initiative by the UAE, Saudi Arabia, Bahrain and Egypt to make February 4 an annual occasion to encourage solidarity and unity between peoples and promote the values of tolerance. The occasion constitutes the ...

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