February, 2021

• 22 February

  Bond yields surge, stocks dip as metals push higher

  

  Bloomberg The bond selloff continued on Monday as Treasury yields climbed and sovereign debt in Australia and New Zealand slid on concerns about faster inflation, tempering stock market optimism from positive vaccine news. Ten-year Treasury yields climbed to the highest in about a year and an Asian stock gauge turned lower amid a surge in metals that put the focus ...

  Read More »
• 22 February

  Sasol calls off $2b share sale, profit more than triples

  

  Bloomberg Sasol Ltd., the South African chemicals and fuel maker, called off a potential $2 billion share sale and announced first-half profit more than tripled. The shares jumped to the highest in a year. The company said it has raised enough cash through asset disposals and cost savings to reduce debt and avoid a rights offer. “A decision was made ...

  Read More »
• 22 February

  UAE has made new technology cornerstone of growth trajectory

  

  NEW YORK / WAM At the 59th Session of the Commission for Social Development at the UN, the UAE underscored the importance of digital technologies, universal accessibility, and affordable connectivity to achieve the Sustainable Development Goals and promote social development at the UN. Hessa Tahlak, Assistant Undersecretary of Social Development, reflected on how the UAE has made new and emerging ...

  Read More »
• 22 February

  Deals worth AED5b signed on first day of Idex, Navdex

  

  ABU DHABI / WAM The first day of the International Defence Exhibition (Idex) and the Naval Defence Exhibition (Navdex) 2021 has seen the UAE Armed Forces sign 19 deals, worth AED 5.03 billion, with local and international companies. The deals came on the first day of the two exhibitions, which will run until February 25. Staff Brigadier-General Mohammed Al Hassani, ...

  Read More »
• 22 February

  UAE, Brazil discuss ways to bolster cooperation

  

  BRASILIA / WAM Saleh Ahmed Al Suwaidi, UAE Ambassador to Brazil, discussed with Tarcísio Gomes de Freitas, Minister of Infrastructure of Brazil, ways of advancing overall cooperation between the UAE and Brazil, most notably in the infrastructure and investment sectors. They also addressed Brazil’s participation in Expo 2020 Dubai. During the meeting, Al Suwaidi stated that relations between the two ...

  Read More »
• 22 February

  Adnoc outlines its tech leadership ambition

  ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Sunday outlined its technology leadership ambition to position the company at the forefront of innovation and advanced technologies, particularly AI and digitalisation, as it kicked off its first Innovation Week. Taking place virtually from February 21-25, the Adnoc Innovation Week is bringing together thousands of its employees to ...

  Read More »
• 22 February

  Post-Brexit Britain plots fintech big bang with hubs, tech visas

  

  Bloomberg UK Chancellor Rishi Sunak plans to introduce new visas for financial technology workers in next month’s budget, part of a package of proposals in a report aimed at boosting the industry in the country, according to newspapers. The fast-track visa program is designed to lure global talent to Britain’s fintech companies and will mirror a similar policy for scientists, ...

  Read More »
• 22 February

  UAE BARQ launches ‘UAE INFO’ smart app

  

  SHARJAH / WAM UAE BARQ has launched a new smart application with unique features and categories for all community members in the UAE. This comes within the framework of UAE BARQ continuous efforts and in line with its strategic plans to keep pace with the smart transformation in the UAE and providing innovative and advanced solutions for users. Khalid Safar ...

  Read More »
• 22 February

  Gulfood 2021 opens in Dubai

  DUBAI / WAM Gulfood 2021 kicked off on Sunday at the Dubai World Trade Centre, with the participation of 2,500 companies from 85 countries, including some of the most prominent brands in the F&B sector. Gulfood presents the main market trends on food and beverage and aims to highlight new innovations, consumer behaviour patterns, and revive communication links between thousands ...

  Read More »
• 22 February

  Dewa holds activities at Innovation Week

  

  Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), inaugurated Dewa Innovation Week in celebration of UAE Innovates 2021. This is part of its commitment to enhancing the UAE’s position as one of the most innovative countries preparing for the future. Al Tayer was briefed about the innovations highlighted in the Innovation ...

  Read More »