January, 2022

• 6 January

  Over 20 million US jobs won’t return to office: Report

    Bloomberg The shift to remote work for high-paying jobs will accelerate this year, according to a new report, defying city officials who are desperate to bring workers back and reinvigorate their economies. More than a quarter of all professional positions in North America, largely concentrated in the US, will be fully remote by the end of this year, up ...

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• 5 January

  China tech selloff deepens as Tencent sale spooks traders

  

    Bloomberg China’s tech stocks fall once again on Wednesday as firms backed by Tencent Holdings Ltd. came under pressure after it pared investment in the cohort for a second time in two weeks. The Hang Seng Tech Index fell 4.6% — the most since July — in a third straight day of declines, with overnight weakness in US peers ...

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• 5 January

  Buffett’s Berkshire Hathaway plans return to yen bond market

  

    Bloomberg Warren Buffett’s Berkshire Hathaway Inc is planning a potential return to the yen bond market, just as a drop in the Japanese currency versus the greenback makes investments in nation’s companies more attractive. The US company has mandated banks for a potential benchmark yen-denominated bond offering. The deal may come in the near future, subject to market conditions. ...

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• 5 January

  Citi’s Chronert bolsters S&P 500 year-end target

    Bloomberg Citigroup Inc strategist Scott Chronert gave up on what had appeared to be a too conservative market view after US stocks rounded out a third year of monster gains. Chronert increased his year-end target for the S&P 500 to 5,100 from 4,900, citing an earnings expansion that could last for at least two more years. While keeping his ...

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• 5 January

  Sheikh Mohammed announces AED100m Great Arab Minds fund

  

    Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday launched the Great Arab Minds initiative. The initiative will be driven by and headquartered at the Museum of the Future, the Emirates’ new global scientific landmark. Great Arab Minds is the Arab world’s largest ...

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• 5 January

  Alpha Dhabi acquires 25% stake in Al Qudra Holding

  

    ABU DHABI / WAM Alpha Dhabi Holding (ADH) has announced the acquisition of 25.24% shareholding in Al Qudra Holding, as part of its AED8 billion strategic investment plan across various key-sectors in the UAE. Al Qudra Holding is an Abu Dhabi-based private joint stock company which has grown significantly by focusing on sustainable development in the region and creating ...

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• 5 January

  Construction begins at DP World’s $1b port in Senegal

  

    DUBAI / WAM DP World, the world’s leading provider of smart logistics, and the Government of Senegal, have laid the first stone to mark the start of construction of the new Port of Ndayane. The stone laying ceremony follows the concession agreement signed in December 2020 between DP World and the Government of Senegal to build and operate a ...

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• 5 January

  Adda, Etisalat, Trend Micro team up to boost Abu Dhabi’s cyber security

  

    ABU DHABI / WAM Abu Dhabi Digital Authority (Adda), Etisalat, and Trend Micro Incorporated on Tuesday announced launch of Cyber Eye, an initiative designed to strengthen the Abu Dhabi Government entities’ cybersecurity capabilities. Cyber Eye initiative is a central part of Abu Dhabi government’s cybersecurity strategy. It will employ first of its kind technology and systems to identify cyber ...

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• 5 January

  Imdaad secures FM contract for Nakheel project in Dubai

  

    DUBAI / WAM Imdaad, a Dubai-based group of companies that provides integrated, sustainable Facilities Management (FM) services that enhance the operational efficiencies of physical assets, has secured a contract to provide Hard FM and Data Loss Prevention (DLP) management services to ‘The View at The Palm’, a stunning observation deck that showcases a 360-degree view of Palm Jumeirah, the ...

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• 5 January

  Dubai Internet City, Khazna to establish two data storage units

  

    Dubai / WAM Dubai Internet City, the region’s largest hub for technology companies and talent, has announced a deal with Khazna Data Centers, one of the largest wholesale data centre providers in the Middle East and North Africa, to establish two state-of-the-art facilities to further support enterprises of all sizes by enabling the integration of technology across all business ...

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