January, 2022

• 11 January

  Tokyo pushes to reform its $6.5trn stock market

  

    Bloomberg Japan’s largest exchange operator disclosed the components of three new market sections on Tuesday, but the long-awaited shake-up of the country’s sluggish stock market is attracting more skepticism than excitement. Japan Exchange Group Inc said 1,841 constituents would make up the new “Prime” section of the Tokyo Stock Exchange, which will replace the current First Section of companies ...

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• 11 January

  Sheikh Mohamed makes phone call to Kazakhstan president

  

    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, on Monday made a telephone call to Kassym-Jomart Tokayev, President of Kazakhstan. During the conversation, His Highness Sheikh Mohamed bin Zayed emphasised the UAE’s support for everything that could ensure the stability of ...

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• 11 January

  Moderna vaccine orders for 2022 hit $18.5 billion

  

    Bloomberg Moderna Inc said it has signed vaccine purchase agreements worth $18.5 billion for this year, along with options for another $3.5 billion, including booster shots. In a statement on Monday, the company also said 2021 product sales would be $17.5 billion, slightly higher than the average analyst estimate of $17 billion, according to data compiled by Bloomberg. Additionally, ...

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• 11 January

  UAE leaders condole Israeli president on his mother’s death

  ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a message of condolences to Isaac Herzog, President of Israel, on the death of his mother. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and His Highness Sheikh Mohamed bin Zayed Al Nahyan, ...

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• 11 January

  Oil swings as supply interruptions fade

  

    Bloomberg Oil fluctuated after recording the biggest weekly gain in a month as supplies returned in Libya and Kazakhstan, and investors tracked China’s handling of its first community spread of omicron. Brent crude was narrowly higher after swinging between gains and losses. The global benchmark rises more than 5% last week and touched $83 a barrel, the highest level ...

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• 11 January

  ADX partners with FTSE Russell to create new benchmark indices

  

    Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) and FTSE Russell have partnered to develop co-branded indices, supporting the exchange’s recently launched derivatives market and bringing the exchange’s stock performance measures into line with global standards. The FTSE ADX General Index is replacing the ADX General Index, and FTSE ADX sector indices will take the place of ...

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• 11 January

  Dewa opens 1,310 11kV distribution stations in ’21

  

    Dubai / WAM Dubai Electricity and Water Authority (Dewa) commissioned 1,310 new 11 kV power distribution stations across Dubai from January 1 until December 31, 2021. This is part of its efforts to provide a state-of-the-art infrastructure that keeps pace with growing demand and meets customer needs. These stations are mainly at Mohammed bin Rashid Gardens, Airport City, Wadi ...

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• 11 January

  Silal appoints its new CEO

  ABU DHABI / WAM Silal, Abu Dhabi’s leading fresh produce and agritech company, has appointed Salmeen Obaid Alameri as the new Chief Executive Officer (CEO). In his new role, Alameri will be tasked to drive the company’s strategic growth. Alameri will work to harness leading capabilities and deploy advanced technology to help secure strategic food reserves, ensuring access to safe, ...

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• 11 January

  Bee’ah restructures to global investment holding group

  

    Sharjah / WAM Bee’ah, the Middle East’s sustainability pioneer, has now become Beeah Group, adopting the structure of an investment holding company and assuming a new visual identity. As Beeah Group, the organisation is unifying its growing businesses across industries and countries, including operations in UAE, KSA, Egypt and global joint ventures. Since its founding over a decade ago, ...

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• 11 January

  UAE-funded clean drinking water project launched in Gaza

  

    Gaza / WAM Nearly 230,000 students and teachers in the Gaza Strip will have access to clean drinking water, under the framework of a UAE Government-funded international initiative led by the Rostropovich-Vishnevskaya Foundation (RVF) based in Washington DC in the United States. Under the initiative, 125 schools managed by the United Nations Relief and Works Agency for Palestine Refugees ...

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