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 ...

BLOOMBERG Who is responsible for the cleanup of China’s air and water? What is the impact of wildfire smoke on your health? And why is free electricity a problem for solar? Every week on Bloomberg Green’s Zero podcast, Akshat Rathi invites guests to explore the tactics and technologies taking us to a world of zero emissions. Here are some recent ...

BLOOMBERG Investors in carbon offsets are sounding the alarm as millions of tainted units look set to enter the market. A plan by a Belarusian trade group to sell 2 million Russian carbon credits from a defunct United Nations programme has been slammed by climate experts and trading veterans. The worry now is that such offsets, known as emissions reduction ...

BLOOMBERG The market for yen bonds from global firms is hotter than it’s been in years, providing money managers with an oasis as rates volatility soars. Investors have scooped up yen debt from issuers outside Japan, fueling the busiest July since 2018. Deals have included Canada’s Toronto-Dominion Bank, Korea Investment & Securities Co and France’s BPCE SA, which priced the ...

BLOOMBERG European bonds gained and the euro plunged versus the dollar after a sharp decline in manufacturing and services gauges from the common-currency region fanned concerns about the faltering global economy. Stocks were lackluster at the start of a week packed with major central bank policy decisions and corporate earnings, as investors fretted about the magnitude of further interest rate ...

ROME / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Sunday had discussions with Tunisian President Kais Saied, Lebanese Prime Minister Najib Mikati, President of the European Commission Ursula von der Leyen, and European Council President Charles Michel, in separate meetings on the sidelines of the International Conference on Development and Migration which took place in ...

ROME / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan participated on Sunday in the International Conference on Development and Migration, which took place in the Italian capital, Rome. The conference was inaugurated by Giorgia Meloni, Prime Minister of Italy, in the presence of heads of state, government ministers, and representatives of regional and international organisations concerned ...

AMDJARASS / WAM A UAE aid aircraft has arrived in Amdjarass, Chad, carrying food parcels sent by the Emirates Red Crescent (ERC), the Zayed bin Sultan Al Nahyan Charitable and Humanitarian Foundation and the Khalifa Bin Zayed Al Nahyan Foundation, in coordination with the Ministry of Foreign Affairs. The shipment was received by representatives of UAE humanitarian organisations. Dr Ahmed ...