January, 2022

• 13 January

  Tesla strikes battery-metal deal in push to ensure supply

  

    Bloomberg Tesla Inc agreed to purchase nickel supplies from miner Talon Metals Corp. as an expected surge in demand spurs automakers to secure access to battery metals and other electric-car parts. Tesla committed to purchase 75,000 metric tons of nickel concentrates produced from Talon’s Tamarack project, with the price linked to the London Metal Exchange’s cash-settlement price for nickel, ...

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• 13 January

  European stocks drop with US futures as rate liftoff eyed

  

    Bloomberg European stocks slipped with US futures as investors digested the latest read on American inflation and assessed bets on timing for the first Federal Reserve rate increases in the pandemic era. The Stoxx Europe 600 Index traded slightly lower after two days of gains, with technology and miners offsetting declines in travel and leisure and consumer products. Contracts ...

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• 13 January

  Tesla to Ford shine in EV race as SPAC bubble bursts

  

    Bloomberg The great sorting of electric-vehicle companies is under way in the stock market. Investors have embraced Tesla Inc and its meteoric rise as the biggest carmaker by market value, while Ford Motor Co has more than doubled in the past year on its EV plans. On the other hand, new entrants with little in the way of earnings, ...

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• 13 January

  Dana Gas, Crescent Petroleum gas production in KRI up 50%

  

    Sharjah / WAM Dana Gas, the Middle East’s leading publicly listed regional natural gas company, and its partner, Crescent Petroleum, the oldest private oil and gas company in the Middle East, have reported record sales gas production from their operations in the Kurdistan Region of Iraq (KRI), reaching 452 million standard cubic feet of per day (MMscf/d) at the ...

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• 13 January

  India seeks $203 billion insurer value in mega IPO

  

    Bloomberg India is pushing for a valuation of about $203 billion for a state-owned insurer that’s soon expected to file for the nation’s biggest initial public offering, even as arrangers awaited a final report on the firm’s estimated worth. The so-called embedded value of Life Insurance Corp. of India is likely to be more than 4 trillion rupees, and ...

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• 13 January

  Taqa, Etisalat Digital join forces to enhance digital capabilities

  

    Abu Dhabi / WAM Abu Dhabi National Energy Company (Taqa) and Etisalat Digital announced that they will partner on an Advanced Metering Infrastructure (AMI) project to enhance utility metering in the Emirate of Abu Dhabi. Over the next two years, Taqa’s power and water distribution companies – Abu Dhabi Distribution Company (ADDC) and Al Ain Distribution Company (AADC) – ...

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• 13 January

  Oil climbs to its highest level since November

  

    Bloomberg Oil climbed to its highest level since November as two major agencies indicated that markets may be tighter than previously forecast. West Texas Intermediate traded above $82. On Wednesday, the International Energy Agency’s Fatih Birol said the relatively small hit to demand from omicron means consumption has been stronger than many observers had expected. That followed a monthly ...

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• 13 January

  ADU awarded 5 QS stars for online learning

    ABU DHABI / WAM Abu Dhabi University (ADU) has been recognised for its excellence in online learning, earning the highest rating of 5 stars by the prestigious Quacquarelli Symonds – QS Stars Rating for 2021. The Abu Dhabi University has achieved an outstanding overall score of 95 percent in the Online Learning category. It earned a full score in ...

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• 13 January

  Leaders Sport Business Summit Abu Dhabi returns in March

  

    Abu Dhabi / WAM After a one-year hiatus, Leaders Sport Business Summit Abu Dhabi, in partnership with Abu Dhabi Sports Council (ADSC), returns to the world-renowned Yas Marina Circuit on March 16-17. Leaders will host two days of exclusive insight led content from leading global sports organisations and local entities. Over 400 industry leaders from every corner of the ...

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• 13 January

  Dewa delegation visits Nasa Kennedy Space Centre in US

  

    FLORIDA / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa), is leading a delegation to the United States to strengthen joint relations and exchange best global experiences and practices in space exploration and technology and related industries. Al Tayer’s delegation included Waleed bin Salman, Executive Vice President of Business Development and Excellence, ...

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