August, 2022

• 16 August

  Irish house prices rise

    Bloomberg Irish house prices rise to the highest since 2007 in June, matching the peak seen before the country suffered one of the worst property crashes in Western Europe. It’s taken over 15 years for prices to recover from the property crash that almost bankrupted the country, forcing it to seek an international bailout in November 2010. The national ...

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• 15 August

  Argentina asks crop exporters to make $1b in sales next week

  

    Bloomberg Argentina’s government has asked the country’s crop export and processing companies to make sales equivalent to $1 billion over the next week as it seeks to bolster reserves. The government discussed with Ciara-Cec, a group that represents more than 40% of Argentina’s exports, a mechanism implemented this week that aims to encourage the sale of crops and bring ...

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• 15 August

  S&P cuts Hungary’s outlook to negative

  Bloomberg Hungary’s outlook was revised to negative from stable by Standard & Poor’s Global Ratings as the nation tackles the fallout from war in neighbouring Ukraine and government wrangles with the European Union over billions of euros in funding. The country’s credit grade was maintained at BBB, the second-lowest investment grade, S&P said in a statement. That matches the level ...

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• 15 August

  Chinese bonds rally as rate cut reinforces split with Treasuries

  

  Bloomberg China’s sovereign bonds are back on the menu for foreign investors. The nation’s debt rallied on Monday after the central bank unexpectedly cut interest rates, with the 10-year yield dropping to the lowest level in more than two years. The surprise easing move underscores how the nation’s bond market offers investors an asset class that’s uncorrelated to Treasuries and ...

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• 15 August

  Nikkei 225 index outperforms peers, erases its 2022 loss

  

    Bloomberg In what has been an annus horribilis for most developed-market equities, Japanese investors find their blue-chip benchmark back in positive territory for the year. Helped by a weaker yen and continued stimulus by a resolute Bank of Japan (BOJ), the Nikkei 225 index has outperformed peers and erased its 2022 losses on Monday. Its 0.3% gain compares with ...

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• 15 August

  WGES supports UAE’s preparations for hosting COP28 at Expo City

  

    Dubai / WAM Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Dubai Electricity and Water Authority, and the World Green Economy Organisation, will organise the 8th World Green Economy Summit (WGES) on September 28-29, in conjunction with the Water, Energy, Technology and Environment ...

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• 15 August

  Aramco’s net income rises 90% to $48.4 billion in Q2

  

    DHAHRAN / WAM The Saudi Arabian Oil Company (Aramco or the company) on Sunday announced its financial results for the second quarter of 2022, posting a 90% year-on-year (YoY) increase in net income and declaring a dividend of $18.8 billion to be paid in the third quarter. The results set a new quarterly earnings record for the company since ...

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• 15 August

  UAE offers condolences over church fire victims in Egypt

    Abu Dhabi / WAM The UAE expressed its sincere condolences and solidarity with the Arab Republic of Egypt over the victims of the church fire in Giza Governorate, which resulted in dozens of deaths and injuries. The Ministry of Foreign Affairs and International Cooperation expressed its sincere condolences and sympathy to the government and people of Egypt. , as ...

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• 15 August

  Sheraa discusses new strategies for growth with SME community

  

    SHARJAH / WAM The Sharjah Entrepreneurship Center (Sheraa) organised a community roundtable for Emirati entrepreneurs across diverse sectors to identify opportunities and gaps in venture building and gain a better understanding of the innovative measures required to create sustainable value in globally competitive markets. At the community roundtable, Sheraa engaged directly with the entrepreneurial community to gain better understanding ...

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• 15 August

  IGCF 2022 to be launched on Sept 28

    Sharjah / WAM Under the patronage of HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, the 11th annual edition of the International Government Communication Forum (IGCF) will take place on September 28-29, at Expo Centre Sharjah. Vibrant discussions centred around this year’s theme “Challenges and solutions”, will be led by senior public ...

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