January, 2022

• 3 January

  Preparations in full swing to launch SteelFab 2022

  SHARJAH / WAM The Expo Centre Sharjah is gearing up to launch the 17th of SteelFab 2022, Mena’s premier trade show for the metalworking, metal manufacturing, and steel fabrication Industry, from January 10-13, with the support of the Sharjah Chamber of Commerce and Industry (SCCI). Over 150 local and international exhibitors from 20 countries and 400 brands of the world’s ...

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• 3 January

  Big Tech adds $2.5tn in value on robust gains

  

    Bloomberg Big tech powered US stocks to a third straight winning year in 2021, as giants like Apple Inc. and Microsoft Corp. continue to see strong demand almost regardless of the economic environment. Five of the market’s most notable Internet and technology names — Apple, Microsoft, Google parent Alphabet Inc, Amazon.com Inc and Facebook parent Meta Platforms Inc — ...

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• 3 January

  Opec+ may revive output in sign of confidence for 2022 demand

  

    Bloomberg The Organisation of Petroleum Exporting Countries (Opec) and its allies are expected to revive more oil supplies when they meet next week, underscoring the group’s optimism in the outlook for global demand. The 23-nation alliance led by Saudi Arabia and Russia is likely to proceed with another modest monthly hike of 400,000 barrels a day as it restores ...

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• 3 January

  China’s foreign debt hits $2.7tn at end-September

  

    Bloomberg China added $16.7 billion in foreign debt in the third quarter of 2021 due in part to increased purchases of onshore yuan-denominated bonds by foreign investors. About 47% of China’s outstanding debt of $2.7 trillion at the end of September are medium to long-term obligations, up three percentage points from the end of June, Wang Chunying, deputy director ...

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• 3 January

  Sharjah’s new beach to feature pro skatepark

    Sharjah / WAM The Sharjah Investment and Development Authority (Shurooq) announces the development of Sharjah’s newest pro skatepark attraction which will be part of its much anticipated and upcoming beach destination, Al Hira Beach. Scheduled for completion in Q1 of 2022, along with opening of Al Hira Beach, the new attraction comes as part of a partnership between Shurooq ...

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• 3 January

  Abu Dhabi International Airport marks 40 years of development

  

    Abu Dhabi / WAM Abu Dhabi Airports on Sunday marked the 40th anniversary of the official opening of Abu Dhabi International Airport (AUH), celebrating its contributions to the remarkable ascension of Abu Dhabi as a centre for aviation, trade and tourism. “Abu Dhabi International Airport has connected the world to Abu Dhabi for 40 years and fuelled the emirate’s ...

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• 3 January

  UAE reports 890 new recoveries from Covid-19

  

    DUBAI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 429,564 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. As ...

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• 3 January

  Weather fluctuations to last until Thursday, says NCM

    Abu Dhabi / WAM The National Centre of Meteorology (NCM) has said the UAE is affected by a state of atmospheric instability as the upper low pressure extending from the west over the country deepens, coinciding with the extension of a surface low pressure from the south, and the continued flow of clouds from the Red Sea towards the ...

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• 3 January

  Ewec transferring its control centre will enhance energy efficiency, says Al Rumaithi

  

    Abu Dhabi / WAM Emirates Water and Electricity Company (Ewec) completed the transfer of its control centre from Abu Dhabi Transmission and Despatch Company (Transco) to its own assets, which is an important step towards enhancing energy efficiency in the UAE, asserted Ahmed Mohammed Al Rumaithi, Undersecretary of the Abu Dhabi Department of Energy (DoE). Ewec is now tasked ...

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• 3 January

  Sheikh Mohammed approves AED181bn budget for Dubai

  

      Dubai / WAM In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, approved the Government of Dubai’s general budget for the fiscal cycle of 2022-2024, with a total expenditure of AED181 billion. His Highness Sheikh Mohammed has also approved Law No. (28) for the ...

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