January, 2022

• 9 January

  Samsung’s profit climbs by 50%

    Bloomberg Samsung Electronics Co’s quarterly profit climbed more than 50% after chip prices stabilised and sales of smartphones surged, reinforcing hopes the memory industry will emerge from its downturn this year. South Korea’s biggest company posted operating income of $11.5 billion for the three months ended December, missing estimates after it distributed special bonuses to employees. But revenue jumped ...

  Read More »
• 8 January

  Green Universe showcases its plan for more sustainable UAE

  

    Dubai / WAM Green Universe showcased its initiative titled “Creative Solutions for a Sustainable Green Connection of UAE”, in which it has addressed in detail the environmental, economic, health and social effects of the benefits generated from implementing the initiative. The function was attended by Ermal Dredha, ambassador of Albania in the UAE, Xhabir Hamiti, ambassador of Kosovo in ...

  Read More »
• 8 January

  DGCX trades nearly $150bn in gold, commodities during 2021

  

    Dubai / WAM The Dubai Gold and Commodities Exchange (DGCX) on Friday reported its full-year market statistics. During 2021, the exchange recorded a yearly AOI a sum of 1,985,584 contracts and traded 7,076,350 contracts during the year – with the total value of the contracts amounting to $149.676 billion. The DGCX’s best performing product in 2021 was its Indian ...

  Read More »
• 8 January

  Atlantic Council Global Energy Forum to be held on March 28

  ABU DHABI / WAM The Atlantic Council announced on Friday that the 2022 Global Energy Forum will now be held alongside Expo 2020 in Dubai from March 28-29. The forum, which is part of Abu Dhabi Sustainability Week, will also be hosted in conjunction with the 2022 World Government Summit a major global convening focused on the tools, policies, and ...

  Read More »
• 8 January

  M1 surges to AED686bn at end of November 2021

  

    Abu Dhabi / WAM The central bank announced that the money supply aggregate M1 increased by 2.1%, from AED671.6 billion at the end of October 2021 to AED686.0 billion at the end of November 2021. The money supply aggregate M2 increased by 1.3%, from AED1,498.3 billion at the end of October 2021 to AED1,517.1 billion at the end of ...

  Read More »
• 8 January

  Oil set for third weekly gain as market tightens on outages

  

    Bloomberg Oil was poised for a third weekly gain as demand remained resilient while supplies are frayed across the Opec+ coalition and beyond. Futures increased again on Friday to trade near $80 a barrel in New York, bringing this week’s increase to almost 7%. Kazakhstan’s biggest oil producer has altered output at the giant Tengiz field following protests in ...

  Read More »
• 8 January

  Taiwan’s 2021 exports soar to $446bn on tech demand

  

    Bloomberg Taiwan exports extended their double-digit growth for a tenth month, with shipments from the island in 2021 smashing all records due to soaring demand for technology products and components. Overseas shipments in December grew 23.4% from a year earlier to $40.7 billion, according to a statement from Taiwan’s Ministry of Finance Friday. Exports in 2021 were a record ...

  Read More »
• 8 January

  New chairman named for ADX

  

    ABU DHABI / WAM ADQ has announced that Hisham Khalid Tawfiq Abdulkhaliq Malak has been appointed as Chairman of the Abu Dhabi Securities Exchange (ADX). He also serves as the Undersecretary of the Department of Finance. Additionally, Saeed Al Dhaheri, Chief Executive Officer of ADX, will also be ADX’s Managing Director.

  Read More »
• 8 January

  Green Universe showcases its plan for more sustainable UAE

  

    Dubai / WAM Green Universe has showcased its initiative titled “Creative Solutions for a Sustainable Green Connection of UAE”, in which it has addressed in detail the environmental, economic, health and social effects of the benefits generated from implementing the initiative. The function was attended by Ermal Dredha, ambassador of Albania in the UAE, Xhabir Hamiti, ambassador of Kosovo ...

  Read More »
• 8 January

  Atlantic Council Global Energy Forum to be held on March 28

  

    ABU DHABI / WAM The Atlantic Council announced on Friday that the 2022 Global Energy Forum will now be held alongside Expo 2020 in Dubai from March 28-29. The forum, which is part of Abu Dhabi Sustainability Week, will also be hosted in conjunction with the 2022 World Government Summit a major global convening focused on the tools, policies, ...

  Read More »