DUBAI / WAM Dubai’s Endowments and Minors’ Trust Foundation (Dubai Endowment) has launched a campaign to support the Mosques Endowment Fund in the emirate. The campaign seeks to establish a sustainable charitable endowment whose proceeds will fund the needs of 50 mosques in the emirate. As part of the initiative, Dubai Endowment will build a commercial complex in the Al …

BLOOMBERG Mexico’s inflation extended its gradual slowdown in early July, roughly in line with forecasts, helped by double-digit interest rates and the strongest peso since 2015. Consumer prices rose 4.79% in the first half of the month compared to the same period a year earlier, down from 4.93% in late June, the national statistics institute reported. The result was just …

BLOOMBERG The greenback is set for its biggest weekly gain in nearly five months as bullish traders offered respite for a currency that has been battered in July. A Bloomberg gauge of the dollar’s strength advanced more than 1% in the five-day stretch as the greenback clawed its way back from the 15-month lows it touched amid last week’s selling …