Sovereign wealth fund ADIA optimistic on equities, private credit after turbulent 2022
Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) said it was optimistic about public equities for 2023 after last year’s market rout, driven by high inflation and rising interest rates, weighed on stocks’ valuations, making them more attractive. The fund was also looking at opportunities in the private credit market, as banks become more cautious […]
UAE, China’s Hainan province sign private-sector agreements to enhance trade
The UAE and China’s Hainan Province have expanded bilateral trade and investment ties through the signing of four significant private-sector agreements, as per state news agency WAM. The signing ceremony took place during the Hainan Promotion Conference in Dubai and featured the presence of Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for […]
UAE-China bilateral trade seen hitting $200bln by 2030
Over 200 Chinese business leaders gathered at Dubai Multi Commodities Centre to observe China Business Day and celebrate the growing commercial ties between UAE and China, which target bilateral trade hitting $200 billion by 2030. Commenting on the event, Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers said: “The UAE represents one of […]
Etihad Cargo, China’s SF Airlines connect their mega hubs
Etihad Cargo, the cargo and logistics arm of Etihad Airways, has reinforced its commitment to the Chinese market with the signing of a Memorandum of Understanding (MoU) with China’s SF Airlines. As per the MoU, both carriers will start operating flights via their respective fleets to the other carrier’s hub in April, which will […]
Etihad Airways completes inaugural flight to Beijing Daxing International Airport
Etihad Airways began its first scheduled flight between Abu Dhabi and Beijing Daxing Airport yesterday. The inaugural flight EY888, operated using a Boeing 787 Dreamliner, marked the move of regular flights from Abu Dhabi to Beijing Daxing International Airport (PKX). Previously Etihad operated to Beijing Capital International Airport. Arik De, Chief Revenue Officer of Etihad […]
UAE-based NWTN begins trial operations at its EV plant in Abu Dhabi
UAE-based mobility technology company NWTN is in the final phase of installing equipment and conducting trial operations after completing the construction of its electric vehicle (EV) assembly facility in Abu Dhabi, the company announced on Monday. The facility has now obtained the required EV production and sales license issued by the UAE government, the first […]
Bank of China lists $300mln bonds on Nasdaq Dubai
Bank of China, one of China’s top four state-owned banks, has listed $300 million bonds on Nasdaq Dubai, the United Arab Emirates’ state news agency WAM said on Tuesday. The bank issued the bonds, maturing in 2025, through its Dubai branch at a yield of 4.84%. The bonds, which have a coupon of 4.75%, […]