January, 2022

• 6 January

  US futures whipsaw amid Fed shock; yields advance

  

    Bloomberg US equity-index futures witnessed volatile trading even as European stocks fall amid a spike in sovereign yields as investors digested the Federal Reserve’s indication of a more aggressive policy tightening. Contracts on the technology-heavy Nasdaq 100 Index were down 0.4%, after a loss of as much as 0.9%. S&P 500 Index futures lost 0.2%, after a 0.5% drop ...

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• 6 January

  Megacap tech stocks still have lots of fans after historic run

  

    Bloomberg Investors have enjoyed world-beating returns for years by owning shares of trillion-dollar technology companies, so it’s tempting to say it’s time to bail out now that bond yields are on the rise. Plenty of fund managers are resisting that temptation. Since the bull market kicked off amid the financial crisis of 2008-2009, combined value of Apple Inc, Microsoft ...

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• 6 January

  US condemns hijacking of UAE cargo ship by Houthis

    New York / WAM The United States has condemned the Houthi militia’s hijacking of the UAE-flagged cargo ship off the coast of Hodeidah, which took place on January 2. “The Houthis’ flagrant transgression is a threat to the freedom of navigation in the Red Sea and compromises international trade and regional security,” US State Department spokesman Ned Price said ...

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• 6 January

  UAE, US foreign ministers discuss strategic relations

  

    ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has discussed with Antony Blinken, US Secretary of State, the strategic bilateral relations between the UAE and US. In a phone call, the two sides also reviewed a number of regional and international issues of common interest and the efforts ...

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• 6 January

  UAE announces 743 new recoveries from Covid-19

    Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 469,028 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. ...

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• 6 January

  ATRC launches new commercialisation arm

    Abu Dhabi / WAM Abu Dhabi’s Advanced Technology Research Council (ATRC), the overarching entity mandated to shape Abu Dhabi’s advanced technology R & D ecosystem, on Wednesday announced the launch of VentureOne, a new commercialisation arm to bring innovative research solutions to market at speed, and monetise all IP being generated at TII’s centres and beyond. Three specialised advanced ...

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• 6 January

  RTA scoops two int’l awards, regional one

    Dubai / WAM Dubai’s Roads and Transport Authority (RTA) won two main international and regional awards in three                 sub-categories of Human Resources and Development in 2021. RTA won Gold Stevie International Award for Qiyadi Programme and Bronze Award for Future Leaders Programme. Additionally, RTA won the GCC Gov HR Awards – Organisation ...

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• 6 January

  ADQ inks deal to create UAE’s largest healthcare platform

  

    Abu Dhabi / WAM ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, on Wednesday entered into an agreement to consolidate several companies within Pure Health, creating the largest healthcare provider in the UAE. As part of the agreement, Abu Dhabi Health Services Company (Seha), ...

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• 6 January

  Over 60 countries set to attend Arab Health 2022

  

    Dubai / WAM A total of 62 countries will be represented on the exhibition floor of the 2022 edition of Arab Health, the Mena region’s leading exhibition for the healthcare industry, taking place at the Dubai World Trade Centre from January 24 – 27. The 2022 edition of the show, which returns as a co-located event for healthcare and ...

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• 6 January

  Adnoc invests AED3.47bn to develop Umm Shaif field

  

    Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) announced on Wednesday the award of a $946 million (AED3.47 billion) Engineering, Procurement, and Construction (EPC) contract for the strategic long-term development of its Umm Shaif field. The investment supports Adnoc’s oil production capacity plans of five million barrels per day (mmbpd) by 2030 while ensuring energy security for ...

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