February, 2022

• 2 February

  Dubai Art Season returns with unique activities

    DUBAI / WAM Under the patronage of Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority (Dubai Culture), the Authority on Tuesday announced that a unique mix of artistic and cultural events will be held under the umbrella of the Dubai Art Season (DAS) 2022 during February and March. This year’s ...

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• 2 February

  DFM operator posts net profit of AED103.8 million in 2021

  

    Dubai / WAM Dubai Financial Market Company on Tuesday announced its consolidated results for the financial year ended December 31, 2021, posting a net profit of AED103.8 million compared to AED137.9 million in 2020. Total revenues reached AED294.6 million compared to AED337.2 million. The total revenue comprised AED213 million operating revenues and AED81.6 million investment revenues and others. The ...

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• 2 February

  Deal signed to advance female representation on UAE boards

  

    Dubai / WAM General Women’s Union (GWU) and Aurora50, a UAE-based social enterprise dedicated to building the pipeline of female leaders needed for the future boards, have signed cooperation agreement to advance female representation on UAE boards. The signing ceremony was attended by Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, Co-Founder of Aurora50, and Noura Al Suwaidi, Secretary-General ...

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• 2 February

  Human Fraternity Festival begins at Expo 2020 Dubai

  

    Abu Dhabi / WAM The second edition of the Human Fraternity Festival will start on Wednesday at Expo 2020 Dubai, organised by the Ministry of Tolerance and Coexistence, in collaboration with the Higher Committee of Human Fraternity, with the participation of international and Arab entities, including representatives of Al-Azhar and the Vatican. The event will celebrate the UAE’s efforts ...

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• 2 February

  EU countries make last-ditch bid to stop green label for gas

  

    Bloomberg Four countries asked the European Union to reverse a plan to make some natural gas projects eligible for its coveted green label in a last-minute plea, highlighting divisions about how to manage the energy transition. In a letter sent to the European Commission, the Netherlands, Austria, Sweden and Denmark argued there’s a lack of scientific evidence to include ...

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• 2 February

  Indonesia lifts ban on its coal exports

  

    Bloomberg The Indonesian government has lifted a ban on coal exports, ending uncertainty that sent the price of the fuel to this year’s highest level. The ban was lifted on improving supply for local power plants, according to a statement published by Energy and Mineral Resources Ministry on its website on Tuesday. Coal exporters that have met the domestic ...

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• 2 February

  Has Johnson just given Labour its big chance?

  

  There is an old saying in British politics that oppositions don’t win elections, governments lose them. It’s lucky for Boris Johnson there’s no general election any time soon; Keir Starmer’s Labour Party would be an easy front-runner were a contest held today. The prime minister seems to be hanging on for now. But months of rolling revelations and what now ...

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• 2 February

  Deutsche Bank’s recovery is impressive

  

  When hiking in hills, like those around Frankfurt, you might crest a peak only to see another higher one beyond. This is where Deutsche Bank Chief Executive Officer Christian Sewing finds himself today. The German lender quadrupled profit to 2.4 billion euros ($2.7 billion) in 2021 versus 2020, recording its best result in a decade — a praiseworthy achievement given ...

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• 2 February

  Why 2022 is the year to buy your first luxury electric car

  Automakers have spent the past year announcing plans for electric vehicle models and production facilities. That makes 2022 a year when growing numbers of consumers will be weighing whether it’s time to buy their first EV. Is it worth taking the plunge? That probably depends on the price point and market segment you’re considering. My view is that the higher ...

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• 2 February

  Gas will stay high even after spat with Russia

    When the European energy crisis started in mid-2021, Brussels bet the upheaval would be largely gone by spring. As it became obvious that wasn’t going to happen, it speculated the problems wouldn’t last beyond 2022. That wager looks to be off, too. Away from the daily gyrations of European spot natural gas prices — swinging between worries about a ...

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