September, 2022

• 9 September

  UK house prices jump led by surge in London

  

    Bloomberg UK house prices rebounded in August, led by the strongest growth in London in six years, one of the nation’s biggest mortgage lenders said. Halifax said its measure of property prices rise 0.4% last month after a 0.1% dip the month before, bringing the average cost of a home to a new record of £294,260. The increase defied ...

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• 9 September

  European sugar plants start early to beat worst of energy crisis

  

    Bloomberg European sugar producers are processing crops earlier than normal this year in a bid to avoid the worst of a winter energy crunch, but at the risk of smaller output. Starting a few weeks earlier than usual should bring forward end of campaign, which typically wraps up during the coldest months — when energy supply is expected to ...

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• 9 September

  GM’s Cruise recalls 80 self-driving cars

    Bloomberg General Motors Co.’s Cruise self-driving car unit has recalled an older version of software used by its robotaxis at the time of a crash in San Francisco in June, according to federal transportation regulators. Cruise has updated the automated driving system, or ADS, software and all affected vehicles were repaired in July, the National High Traffic Safety Administration ...

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• 9 September

  European stocks pare gains with all eyes on ECB rate hike

  

    Bloomberg European stocks pared early gains, with investors cautious before a potential jumbo interest rate hike by the region’s central bank. The Stoxx 600 Index surrendered an initial 0.6% advance as retailers slumped after a profit warning from Primark-owner Associated British Foods Plc. US equity futures were little changed following a near-2% advance in the S&P 500 and Nasdaq ...

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• 9 September

  Asian airline stocks are best performers among global peers this year

  

  Bloomberg Asian airline stocks are by far the best performers among global peers this year, racking up gains as most of the region reopens for travel even as China sticks with its Covid-Zero strategy, imposing lockdowns and limiting travel. Airline shares in Asia are the only gainers on a Bloomberg gauge of global carriers, led by Cathay Pacific Airways Ltd, ...

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• 8 September

  Al Seer Marine signs deal with Netbulk to boost freight services

  

    ABU DHABI / WAM Al Seer Marine, a subsidiary of International Holding Company (IHC), has announced entering into a collaboration agreement with Netbulk Pte Ltd, a one-stop maritime solution company based in Singapore, as part of its growth strategy to expand its worldwide freight services. Founded in 2015, Netbulk provides a wide range of commercial activities, including trading, chartering, ...

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• 8 September

  President names Omran Sharaf as assistant to Foreign Minister

    ABU DHABI / WAM President HH Sheikh Mohamed bin Zayed Al Nahyan issued a federal decree appointing Omran Sharaf as a member of the UAE Diplomatic and Consular Corps with the rank of ambassador, and as Assistant Minister of Foreign Affairs and International Cooperation to handle the Advanced Science and Technology portfolio. Omran Sharaf is the Project Director of ...

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• 8 September

  Borouge expanding in Egypt through strategic partnerships

  

    Abu Dhabi / WAM Borouge, a leading petrochemical company providing innovative and differentiated solutions, continues to strengthen its existing value-chain partnerships through several new opportunities in Egypt – a strategic market where the company has long-standing ties. Borouge has contributed to shaping country’s most prominent projects, which are driving demand for energy, infrastructure, and agriculture solutions. In 2020, Borouge ...

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• 8 September

  Investcorp leads $100mn pre-IPO round in TruKKer

  

  Manama / WAM Investcorp, a Bahrain-based asset manager which counts Mubadala Investment Company as its biggest shareholder, on Wednesday announced that Investcorp Saudi Pre-IPO Growth Fund LP led the Pre-IPO round in privately-held TruKKer Holding Limited, Mena’s largest digital freight network with a leading position across Saudi Arabia, the UAE, Egypt and neighbouring countries. Investcorp led the initial close of ...

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• 8 September

  CBUAE, GCAA to link electronic payment systems

    ABU DHABI / WAM The central bank of the UAE (CBUAE) and the General Civil Aviation Authority (GCAA) signed a memorandum of understanding (MoU) on Wednesday on linking the electronic payment systems. The MoU comes as part of both entities’ efforts to implement the UAE’s strategy and achieve its digital transformation objectives for services provided to individuals. It aims ...

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