July, 2023

• 7 July

  ADQ, BMO to join GWL as strategic partners of Sagard

  

  MONTREAL / WAM Sagard, a global multi-strategy alternative asset management firm with $14.5 billion under management, on Thursday announced new strategic partnerships with ADQ and Bank of Montreal (BMO). As part of this transaction, Sagard has expanded its existing partnership with Great-West Lifeco (GWL). ADQ and BMO have respectively entered into definitive agreements to acquire minority equity stakes in Sagard, …

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• 7 July

  UAE President, Mohammed bin Rashid witness swearing-in of Minister of Investment

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, on Thursday witnessed the swearing-in ceremony of Mohamed Hassan Alsuwaidi as the UAE’s Minister of Investment. Also present was His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, …

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• 7 July

  Cleveland Abu Dhabi expands research to address community health

  

  ABU DHABI / WAM Cleveland Clinic Abu Dhabi, an M42 company, is expanding its research efforts to address community health issues in the UAE. The hospital has over 200 active research studies, and 60 of these were initiated in 2022. The studies focus on a variety of critical topics, including digestive diseases, neurological disorders, and heart disease. In line with …

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• 7 July

  UAE ambassador to Kingdom of Thailand presents credentials

  

  BANGKOK / WAM Obaid Saeed Al Dhaheri presented his credentials to King Maha Vajiralongkorn of Thailand as ambassador Extraordinary and Plenipotentiary of the UAE to the Kingdom of Thailand during a ceremony held at Villa Ambara, Dusit Royal Palace in Bangkok. Al Dhaheri conveyed the greetings of President His Highness Sheikh Mohamed bin Zayed Al Nahyan; His Highness Sheikh Mohammed …

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• 7 July

  UAE leaders congratulate President of Comoros on Independence Day

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Azali Assoumani of Comoros on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed …

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• 7 July

  Edge expands its portfolio with OryxLabs acquisition

  

  ABU DHABI / WAM Edge, one of the world’s leading advanced technology and defence groups, has announced its acquisition of OryxLabs, a prominent cybersecurity company based in Abu Dhabi. OryxLabs provides tailored cybersecurity solutions to safeguard its clients from emerging cyber threats. With a strong focus on advanced research, engineering, and innovation, the company has been entrusted with addressing cybersecurity …

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• 6 July

  Mansour bin Zayed issues resolution enabling public benefit association, private higher education Emirati staff to leverage ‘Nafis’ programmes

  

  ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, has issued a resolution that enables citizens working in public benefit associations and private higher education institutions to apply for any Nafis programmes and initiatives. The resolution aligns with applicable guidelines and criteria and requires those concerned …

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• 6 July

  European stocks drop by most in two weeks

  

  BLOOMBERG European stocks retreated by the most in two weeks following hawkish minutes from the Federal Reserve’s last policy meeting, with investors also weighing early corporate earnings reports. The Stoxx 600 was down 1.1% in London — the biggest intraday drop since June 22. All sectors declined, led by travel and leisure and retail. Among individual movers, Hunting Plc soared …

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• 6 July

  Dubai conducts pan-European engagement programme to showcase value proposition for global tech industry

  

  DUBAI / WAM Dubai’s Department of Economy and Tourism (DET), in partnership with leading local public and private sector companies, conducted a multi-faceted pan-European engagement programme to showcase the city’s value proposition for the global technology industry. A series of events organised by DET at Europe’s leading technology industry shows outlined the key business and investment opportunities emerging from the …

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• 6 July

  Stocks fall on Fed, gilts drop as interest rate bets climb

  

  BLOOMBERG Stocks dropped as global markets responded to Federal Reserve commentary that was more hawkish than expected. UK government bonds fell. European and Asian stocks saw broad declines, while contracts on the S&P 500 pointed to a continuation of the losses on Wall Street. In the UK, yields on 10-year government bonds climbed to the highest since the gilts crisis …

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