January, 2022

• 5 January

  Philippine peso drops past 51 barrier for first time since 2020

    Bloomberg The Philippine peso dropped beyond 51 per dollar for the first time since April 2020 amid speculation the nation’s trade deficit will widen as domestic demand improves. The peso falls as much as 0.5% to 51.27, the weakest level since March 2020. The currency is the worst performer in emerging Asia over the past month with a loss ...

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• 5 January

  Nordea analysts behind ‘lockdownistas’ note to leave bank

  

    Bloomberg Two senior analysts at Nordea Bank Abp who wrote a controversial research report criticising coronavirus measures including national lockdowns are to leave the bank. An offer had been made to Chief Analyst Martin Enlund and Global Chief Strategist Andreas Steno Larsen to continue at Nordea Markets, “but they have decided to leave,” the bank said in a statement. ...

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• 5 January

  Apple’s market cap tops $3tn after relentless rally

  

    Bloomberg Apple Inc’s stock-market value briefly rises above $3 trillion, shattering yet another record and underscoring how the pandemic has turbocharged Big Tech’s decades-long rise. The company was the first to achieve this milestone, although it failed to hold above the level through the end of the trading day. It closed 2.5% higher at $182.01 and with a market ...

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• 4 January

  China stocks suffer worst begining since 2019 on profit taking

  

    Bloomberg Chinese shares had their worst start to the New Year since 2019, as investors took profit on some of their most successful bets in 2021. The benchmark CSI 300 index closed down 0.5% on Tuesday, marking its weakest opening session in three years and led by declines in renewable energy and healthcare firms. Among the top losers, drugmaker ...

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• 4 January

  Sheikh Mohamed directs treatment of 3-year-old Afghan boy with cancer

  

    Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has directed to arrange medical treatment for Muhammad Aamir Dawood, a 3-year-old Afghan boy who is suffering from cancer. In a prompt move to help the child’s family, currently residing at the Emirates ...

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• 4 January

  Alpha Dhabi raises its stake in Aldar Properties to 30%

  

    Abu Dhabi / WAM Alpha Dhabi Holding (ADH) announced the acquisition of an additional 17 percent shareholding of Aldar Properties. The acquisition will increase Alpha Dhabi Holding’s shares in Aldar Properties to 29.8 percent, making it one of the largest shareholders, said an ADH statement on Monday. Commenting on the announcement, Hamad Salem Mohamed Al Ameri, Managing Director and ...

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• 4 January

  Houthi militias hijack UAE-flagged cargo ship

    RIYADH / WAM The terrorist Houthi militias hijacked a UAE-flagged cargo ship off the coast of Al Hudaydah Governorate on Sunday, Official Spokesperson of the Coalition to Restore Legitimacy in Yemen, Brigadier General Turki Al Malki, announced. “At (23:57) on Sunday (January 2), the Cargo Ship (Rwabee) sailing under the flag of the United Arab Emirates was targeted through ...

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• 4 January

  Ajman sees 41% growth in commercial licenses

  

    Ajman / WAM The growth rate of the number of economic licences issued by the Department of Economic Development in Ajman (Ajman DED) during the 2021 reached 41 percent, while the number of establishments reached 27,913, and the Labour Resilience Index reached 17 percent. The efforts and initiatives launched by Ajman DED during 2021 resulted in a high growth ...

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• 4 January

  RTA organises workshops on customer needs

    Dubai / WAM Dubai Roads and Transport Authority (RTA) has held a series of workshops over three days for 100 service beneficiaries under the theme: Identifying Future Expectations of RTA’s Customers. The workshops were part of a brainstorming programme to screen the current and future needs of customers to uplift the level of services and configure them to meet ...

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• 4 January

  Oil climbs as Libyan output falls ahead of Opec+ supply meeting

  

    Bloomberg Oil rises as Libyan supply tightened ahead of an Opec+ meeting on Tuesday to discuss production policy for February. Futures in New York gained above $76 a barrel in European trading after a 2.3% decline. Libya’s crude output is expected to fall to the lowest in more than a year as workers try and fix a damaged pipeline. ...

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