December, 2021

• 28 December

  Emerging markets seen rising in 2022, but not until July

  

    Bloomberg Emerging-market assets are set to rise in 2022 as moderating inflation and accelerating growth trigger gains, but it won’t happen until the second half of the year. That’s the consensus among investors like Goldman Sachs Group Inc, Morgan Stanley and JPMorgan Chase & Co who spoke with Bloomberg on the outlook for developing-nation stocks, bonds and currencies in ...

  Read More »
• 28 December

  Gold rises as traders weigh record Covid infections

  Bloomberg Gold edged higher as investors assessed the resilience of the global economic recovery, with Covid-19 cases hitting a pandemic record. Bullion is heading for its first annual loss in three years as central banks start to dial back pandemic-era stimulus to contain inflation. The S&P 500 notched its 69th record close of 2021, suggesting investors remain relatively sanguine about ...

  Read More »
• 28 December

  Expo 2020 Dubai attracts more than 8 million visitors

  

    DUBAI / WAM Visits to Expo 2020 Dubai continue to climb substantially, increasing to 8,067,012 in the period up to December 27 as the most significant global gathering of 2021 continues to welcome visitors safely and responsibly. Expo’s stringent Covid-19 safety measures are designed to protect everyone on site, and include mandatory mask-wearing – indoors and outdoors – for ...

  Read More »
• 28 December

  Oil rises as investors weigh demand risk from Omicron

  

    Bloomberg Oil rises as investors weighed the rapid spread of Omicron against signs it may be milder than previous variants. Brent futures rise 0.7%, swinging between gains and losses amid thin trading volumes. West Texas Intermediate, which didn’t have a settlement due to a US holiday, falls from Thursday’s level. Daily omicron infections in the US has surpassed those ...

  Read More »
• 28 December

  UAE offers condolences over Brazil flood victims

    Abu Dhabi / WAM The UAE expressed its sincere condolences and solidarity with Brazil over the victims of floods that have hit the Brazilian state of Bahia, killing scores of people, leaving tens of thousands displaced, and triggering widespread damage. In a statement, the Ministry of Foreign Affairs and International Cooperation expressed its sympathy with Brazilian government, sending condolences to ...

  Read More »
• 28 December

  Etihad, China’s CGO team up to create ‘Air Silk Road’

  

    ABU DHABI / Gulf Time Etihad Airways, the national airline of the UAE, and Henan Province Airport Group, the parent company of the Zhengzhou Xinzheng Airport (CGO) — an important domestic aviation hub and the gateway to the central region of China — aim to establish a strategic partnership to strengthen aviation ties between the UAE and China. This ...

  Read More »
• 28 December

  Climate-driven extreme weather cost hundreds of billions in 2021

  

    Bloomberg Ten of this year’s most destructive weather events cost a combined $170 billion in damages, according to a new study. Hurricane Ida, a tropical storm that pummeled much of the eastern US with lashing rain in August, killed at least 95 people and cost the economy $65 billion. A month earlier, floods in Europe caused 240 deaths and ...

  Read More »
• 28 December

  ADGM to adopt Monday to Friday working week

  

    Abu Dhabi / WAM Abu Dhabi Global Market (ADGM) has announced that it will commence a Monday to Friday working week from January 1, 2022, with Saturday and Sunday as the universal weekend. With the new working week, the UAE brings its business community and financial sector closer to global markets and real-time economic and trading activities. In support ...

  Read More »
• 28 December

  Enoc wins two awards

  Dubai / WAM Enoc Group has been awarded the Corporate Social Responsibility Award for its innovatively designed Service Station of the Future, and the Customer Focus Award for its eLink Station at the 2021 Idea of the Year Awards. The Ideas UK Award is an international award recognising innovative ideas and rating innovative organisations based on global standards with an ...

  Read More »
• 28 December

  Dubai’s Emirates NBD joins UAE Trade Finance Gateway project

  

    Dubai / WAM Etihad Credit Insurance (ECI) signed an MoU with Emirates NBD and Crediti Fintech, for the implementation of the ‘UAE Trade Finance Gateway’. The receivables financing marketplace is designed to help businesses based in the UAE obtain fast and easy access to finance and boost their business, while supporting the UAE’s ‘Operation 300bn’ industrial strategy which aims ...

  Read More »