February, 2022

• 1 February

  Here are the stocks likely to benefit from India’s budget

  

    Bloomberg Infrastructure, rural development and health-care stocks are among analysts’ top picks as India’s government is set to step up spending in a budget aimed at kickstarting investment to boost growth. Construction spending, including on roads and ports, as well as incentives for electric mobility and renewable energy are likely going to be a focus in Finance Minister Nirmala ...

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January, 2022

• 31 January

  Dubai attracts AED15.9bn in FDI in first 9 months of 2021

  

    Dubai / WAM Dubai continued to maintain its leadership position among the world’s preferred destinations for foreign direct investment (FDI), attracting AED15.9 billion ($4.3 billion) of FDI capital inflow from 378 projects in the first nine months of 2021, a significant increase from the same period of 2020, according to data from the ‘Dubai FDI Monitor’ released by Dubai ...

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• 31 January

  Security of GCC states is indivisible: Al-Hajraf

    DAMMAM / WAM Dr Nayef Falah Mubarak Al-Hajraf, Secretary General of the Gulf Cooperation Council (GCC) for Arab States, has affirmed that the security of the GCC states is indivisible, asserting that the “Arab Gulf Security 3” Exercise is a message of determination and peace, reported Saudi Press Agency (SPA). He expressed pride with the level of security coordination ...

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• 31 January

  Saudi wealth fund rakes in $5bn as stocks boom

  

    Bloomberg Saudi Arabia’s plan to sell off stakes in local companies held by its sovereign wealth fund is already paying dividends — it’s set to rake in about $5 billion over three months. The Public Investment Fund (PIF) is set to raise $820 million from selling a stake in digital security firm Elm Co. next month after pricing the ...

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• 31 January

  Saif Zone secures its position as major investment hub in region

  

    Sharjah / WAM The Sharjah Airport International Free Zone Authority (Saif Zone) has achieved a series of tremendous successes during 2021, strengthening its position as a major hub for trade, industry, and logistics services in the region. The directives and vision of HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, the main ...

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• 31 January

  Dewa completes 54.23% of ‘water pipeline’ project

  

    Dubai / WAM Dubai Electricity and Water Authority (Dewa) has completed 54.23 percent of the extension of several key water transmission pipelines in Dubai with a cost of about AED60 million spanning over 22 kilometres with a diameter of 1200mm. The project location runs from Al Quoz Industrial Fourth to Al Thanyah Fifth, alongside Al Khail Road in Dubai. ...

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• 31 January

  Sheikh Mohamed, Israel president review prospects of cooperation

  

    ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President of Israel, Isaac Herzog, on Sunday deliberated aspects of cooperation under the Abraham Accords Peace Agreement, signed by the two nations in 2020, in addition to a number of regional and ...

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• 31 January

  Saif Zone ends 2021 with significant achievements

  

    Sharjah / WAM The Sharjah Airport International Free Zone Authority (Saif Zone) has achieved a series of tremendous successes during 2021, strengthening its position as a major hub for trade, industry, and logistics services in the region. The directives and vision of HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, the main ...

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• 31 January

  Dubai Academic Health Corporation outlines strategic priorities

    Dubai / WAM The Dubai Academic Health Corporation held its fourth Board of Directors meeting to discuss its strategic plans, priorities and future goals. The meeting, chaired by HH Sheikh Ahmed bin Saeed Al Maktoum in the presence of Vice Chairman HH Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, was held at the Al Jalila Foundation. The board ...

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• 31 January

  UAE takes part in Cairo International Book Fair

  

    Abu Dhabi / WAM A delegation from the Ministry of Culture and Youth is attending the 53rd edition of the Cairo International Book Fair which is running under the theme ‘Egypt’s Identity – Culture & the Question of the Future’. The book fair will run until February 7 in Cairo under the patronage of Abdel Fattah El Sisi, President ...

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