Daily Archives: January 24, 2023

Business & Investments

Tech Stocks Deemed Stable Despite 64% Drop in Value in 2022

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Tech Stocks Deemed Stable Despite 64% Drop in Value in 2022; Meta Named Most-Traded Stock Among GCC Residents

  • Technology stocks will continue to be a popular investment in 2023, according to Saxo Bank

DUBAI, UAE 24 January 2023 – Saxo Bank, the online trading and investment specialist, has revealed US tech firms were the most traded among its UAE-based clients last year. Meta Platforms led the list of Saxo’s most-traded stocks for the GCC in 2022, ahead of Apple, Amazon.com, Tesla, and Microsoft.

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Business & Investments

MENA M&A transactions totalled US$85.2 billion in 2022

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MENA M&A transactions totalled US$85.2 billion in 2022

-MENA Investment banking fees recorded US6$ 1.2 billion in 2022

-MENA equity and equity-related issuance totalled US$23.4 billion during 2022, the highest annual total since 2019.  

Dubai, UAE – Refinitiv, an LSEG (London Stock Exchange Group) business, released the Middle East and North Africa investment banking analysis for 2022. According to the report, an estimated US$1.6 billion worth of investment banking fees were generated in the Middle East & North Africa during 2022, the highest annual total since our records began in 2000.  Fees in the region increased 5% compared to 2021, in contrast to a 33% decline in global investment banking fees.

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Sports & Recreations

Champion Skippers and Crew to Race in the 30th Edition of the Aramex Dubai to Muscat Offshore Sailing Race

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Champion Skippers and Crew to Race in the 30th Edition of the Aramex Dubai to Muscat Offshore Sailing Race

The entry deadline is Tuesday, 31st January 2023 for one of the region’s most challenging sailing races.

Dubai, UAE (24 January 2023): Preparations for the 30th edition of the annual Aramex Dubai to Muscat Offshore Sailing Race (“Aramex D2M”) are underway at Dubai Offshore Sailing Club (“DOSC”). So far, 25 boats have registered to participate in the longest and most challenging sailing race in the region. This year’s participants include 2022’s winning team, Twister, who is returning to defend their title and going for three wins in a row.

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Food & Dining

Celebrate India’s Republic Day at Bombay Bungalow

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Celebrate India’s Republic Day at Bombay Bungalow

Head over to Bombay Bungalow, a Michelin Guide-featured Indian restaurant, to celebrate India’s Republic Day next week on January 26, 2023.

All the diners can expect a complimentary dessert per table on dine-in that features an Indian flag theme Tiranga Cheesecake, a Stuffed Gulab Jamun in a tri-color cheesecake topped with almonds, pistachio, and rose petals.

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