January, 2022

• 17 January

  UK sells about $580 million of NatWest shares

  

    Bloomberg The UK government has sold 170.4 million shares in NatWest Group Plc — worth about $580 million at current prices — since November, continuing to cut the majority stake it acquired during the financial crisis. The Treasury now owns a 51.98% stake in the lender formerly known as Royal Bank of Scotland, according to a filing. Its stake ...

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• 17 January

  Goldman’s most elite rank to get millions in special payouts

  

    Bloomberg The top 1% at Goldman Sachs Group Inc. is set to receive a special one-time reward in addition to annual bonuses, recognizing the Wall Street titan’s roaring success through the pandemic. The unusual payments to partners — the roughly 400 executives who fill out the investment bank’s highest rung — will add millions of dollars to many compensation ...

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• 17 January

  TSMC to spend $40bn to address chip shortages

  

    Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) raised its growth projections and unveiled record spending plans for 2022, signalling that the voracious demand for chips that has fuelled a months-long supply chain squeeze will persist for years. Apple Inc’s most important chipmaker is now projecting average sales growth of 15% to 20% annually — as much as double its previous ...

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• 17 January

  App store developers made $60bn in 2021, says Apple

  

    Bloomberg Apple Inc said that developers have generated more than $260 billion in revenue since the App Store launched in 2008, up about $60 billion from the figure it reported a year ago. The iPhone maker made the announcement as part of a summary of the performance of its digital services across 2021. The company said the App Store ...

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• 17 January

  The cost of a new car won’t be dropping anytime soon

  

    Bloomberg Last year’s record-high car prices won’t be dropping soon. In December, the average price of a new vehicle in the US hit $47,077, up 14% ($5,742), compared to 2020, and up 1.7% ($808) from the previous month, according to Kelley Blue Book. The rise came as US inflation ended 2021 at sizzling levels levels—a 39-year high of 7%—with ...

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• 17 January

  Nigeria ends Twitter ban after 7 months

    Bloomberg Nigeria lifted a seven-month ban on Twitter Inc. in the West African country, after the social network agreed to various conditions. Twitter will establish a legal entity in Nigeria and appoint a country representative to engage with the government when required, the National Information Technology Development Agency, or NITDA, said in a statement announcing the imminent end of ...

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• 15 January

  Oil surges again as traders shrug off Omicron impact

  

    Bloomberg Oil headed for a fourth straight weekly gain, the longest streak since October, on signs that the market is tightening as global consumption withstands the impact of the Omicron virus variant. Brent crude traded above $85 after rallying more than 4% this week. The global crude benchmark has made a strong start to the year, which has been ...

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• 15 January

  Seha wins two globally recognised awards

    ABU DHABI / WAM Abu Dhabi Health Services Company (Seha), the UAE’s largest healthcare network, has won two prestigious nursing awards: the Nursing Informatics Unit of the Year 2020-2021 award, announced at the GCC eHealth Workforce Development Conference, and the Nursing Quality Indicators (NDNQI) Award for Outstanding Nursing Quality, presented to Seha’s Ghayathi Hospital. Aysha Al Mahri, Group Chief ...

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• 15 January

  UAE, Brazil discuss ways to advance strategic ties

  

    Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Brazil’s Minister of Foreign Affairs Carlos Alberto Franca reviewed the prospects of boosting the bilateral relations, in the light of the strategic partnership between the two friendly countries. This came in a phone call, wherein HH Sheikh Abdullah and ...

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• 15 January

  Dubai’s week-long realty deals hit AED4.5 billion

  

    Dubai / WAM The real estate and properties transactions valued at AED4.5 billion in total during the week ending January 14. The sum of transactions was 1,559. As many as 219 plots were sold for AED 1.12 billion, 1,022 apartments and villas were sold for AED2.25 billion. Data from Dubai Land Department (DLD) showed that the top three transactions ...

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