January, 2022

• 11 January

  Silal appoints Salmeen Obaid Alameri as CEO

    Abu Dhabi / WAM Silal, Abu Dhabi’s leading fresh produce and agritech company, has appointed Salmeen Obaid Alameri as the new Chief Executive Officer (CEO). In his new role, Alameri will be tasked to drive the company’s strategic growth. Alameri will work to harness leading capabilities and deploy advanced technology to help secure strategic food reserves, ensuring access to ...

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• 11 January

  Zayed University to develop student-led EdTech solutions

  

    Abu Dhabi / WAM Zayed University signed a memorandum of understanding (MoU) with Injazat, a Digital Transformation, Cloud, and Cyber Security company, to mentor students on EdTech projects. Spearheaded by Abu Dhabi’s G42, the parent company of Injazat, the partnership will see Zayed University match students from their College of Interdisciplinary Studies, with the mentors and practitioners at Injazat ...

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• 11 January

  BHP buys into Tanzania nickel mine after failed Canadian bid

  

    Bloomberg BHP Group will buy a minority stake in a Tanzanian nickel project as the world’s biggest miner seeks to expand in commodities that will be central to the green-energy transition. BHP’s investment in Kabanga Nickel Ltd. comes less than a month after the commodities giant bowed out of a bidding war for Noront Resources Ltd., which owns nickel ...

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• 11 January

  New EU N-plants need $568 billion investment: Breton

  

    Bloomberg A “colossal” investment in nuclear energy will be needed over the next 30 years to meet the European Union’s emissions reduction targets and growing demand for electricity, the bloc’s internal market chief Thierry Breton said. Existing nuclear plants need 50 billion euros of investment through to 2030, while the next generation will require 500 billion euros ($568 billion) ...

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• 11 January

  Global brands in India have a mutiny at hand

  

    From Unilever Plc to Colgate-Palmolive Co., consumer goods makers in India are facing distribution blues that have nothing to do with pandemic-induced shortages and bottlenecks. The trusted middlemen that brands have traditionally relied on to reach millions of small neighbourhood stores in 8,000 towns and 660,000 villages are in revolt. It’s a mutiny that the multinationals have invited upon ...

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• 11 January

  There’s no easing for the ECB in 2022

  

  Italy is out of the traps fast in 2022 with a new 30-year syndicated bond. It’s a bold move as European yields have increased substantially in recent weeks in conjunction with the selloff in US Treasuries. Investor appetite is still strong with over 43 billion euros ($49 billion) of orders for what is an expected 7 billion euro issue — ...

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• 11 January

  Citi shows leadership by enforcing vaccine mandate

    Last October, Citigroup Inc. told about 70,000 of its employees to get Covid-19 vaccinations or lose their jobs. Today, the banking giant made good on that promise, telling its staff that any who remain unvaccinated by Jan. 14 will be placed on unpaid leave and then lose their jobs at month’s end. “As it has become crystal clear that ...

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• 11 January

  Russian troops aren’t the answer for Kazakhstan

    Appealing for outside help to quell protests that have rocked Kazakhstan this week, President Kassym-Jomart Tokayev claimed his government was under attack by “terrorist” groups that had “received extensive training abroad.” In fact, ordinary Kazakhs have plenty reason of their own to be angry. Tokayev would be better off addressing that frustration than trying to violently suppress it. The ...

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• 11 January

  Garuda Indonesia’s creditors submit claims of $13.8 billion

  

    Bloomberg Creditors of struggling airline PT Garuda Indonesia have submitted about 198 trillion rupiah ($13.8 billion) in claims as part of a debt restructuring, according to court-appointed administrators. The administrators for the flag carrier received claims from more than 470 creditors by the end of a January 5 deadline, Martin Patrick Nagel and Jandri Siadari, members of the team ...

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• 11 January

  Chinese cosmetics maker Chicmax to plan HK IPO

  

    Bloomberg Chinese cosmetics manufacturer Shanghai Chicmax Cosmetic Co. is planning an initial public offering in Hong Kong as soon as this year, according to people familiar with the matter. Shanghai-based Chicmax is working with China International Capital Corp., Citic Securities Co. and JPMorgan Chase & Co. on the proposed share sale that could raise several hundred million dollars, the ...

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