Gulf First Solution

🇦🇪 The United Arab Emirates (UAE) officially announced that it shall shift to a four-and-a-half day working week, with Saturday and Sunday being the weekend, starting with the birth of the new year.

🌍 The move aims at better aligning the Middle Eastern nation’s economy with global markets. This will apply to businesses and schools, according to a government circular.

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🇸🇦 Top oil exporting nation Saudi Arabia aims to reach net zero emissions of greenhouse gases, mostly emitted by burning fossil fuels, by 2060.

Saudi Arabia’s Crown Prince Mohammed bin Salman, alongside his energy minister, also mentioned that the Arabic nation is stressing the importance of tackling climate change, while continuing to focus on oil market stability.

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Despite strong earnings, Alibaba stock has been collapsing for a year straight. Why did the Chinese giant decline in value?

⚖️ Increased regulation from Chinese government on consumer data.

💵 Hefty record fine of $2.8 billion regarding antitrust and monopoly matters.

🏚 Hammered Chinese property sector swaying investors away.

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🇬🇧 The United Kingdom plans to break digital barriers in efforts towards driving its domestic business exports on a global scale, as stated by the nation's new trade minister Anne-Marie Trevelyan.

"I want the UK to break down these (digital) barriers and open up new, exciting opportunities for business and consumers, so we can see improved productivity, jobs and growth".

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📱 Facebook (+𝟰𝟬% from January) has outperformed the top sharks in the industry.

🚀 Booming advertising business
📈 Several takeovers of companies

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🇪🇺 Nvidia is likely to seek EU antitrust approval for its $54 billion takeover of British chip designer Arm early next month

Arm has long been a neutral player licensing key intellectual property to customers who are otherwise intense rivals, including Qualcomm, Samsung Electronics and Apple.

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✅ The U.S. Centers for Disease Control and Prevention stated on Saturday that the United States has administered over 360 million COVID-19 vaccine doses, delivering over 425 million doses.

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What’s going on with the Chinese economy❓

The Asian nation is on a rocky road as fear over the tightening of rules and increasing scrutiny is swaying investors away from China.

As a result, Chinese giants & multinationals are extending their losses throughout the month, with the diagram (photo) representing the one month dump of the Chinese Enterprises Index.

Alibaba, Tencent, Didi, Xpeng & Nio are among the firms which recorded weakly losses of 10% or more.

To add fuel to the fire, Chinese antitrust fines and investigations against a variety of internet platform companies have shown concern regarding the future plans of the nation.

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🇦🇺 Australia' faces first economic contraction since June last year:

🚷 Lockdown in Sydney
🔻 Slow Vaccine Rollout

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🚫 Britian will ban the sale of new petrol and diesel heavy good vehicles from 2040.

♻️ This is part of a 𝗯𝗿𝗼𝗮𝗱𝗲𝗿 𝗽𝗮𝗰𝗸𝗮𝗴𝗲 of green initiatives aimed at achieving net zero emissions for transport.

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Have you heard about Nio❓
The Chinese electric car maker has tripled in value in just one year:
✅ 43,000+ cars delivered last year
✅ Strong links with Chinese government
✅ Innovator in battery technology

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🇨🇳 General Motors expands its Chinese design studio, focusing solely on electric cars and will no longer design petrol vehicles.

Reported by Reuters.

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