September, 2022

• 5 September

  Gulf Navigation completes repayment of a $2.7m loan

  

  Dubai / WAM Gulf Navigation Holding PJSC (GULFNAV), the Dubai Financial Market listed maritime and shipping company, announced successfully completing the full repayment of a loan for one of its vessels. The $2.7 million loan was financed by “Rasmala” with an interest rate of 12%. Thus, after the mortgage has been released, the full proceeds of this vessel will pour ...

  Read More »
• 5 September

  Sharjah Art opens its Fall 2022 exhibitions

    SHARJAH / WAM The Sharjah Art Foundation opened its Fall 2022 program with the exhibitions “Pop in South Asia: Explorations in Folk Art” and “Enjoyment of Flowing Sensations,” taking place in Al Mureijah Square, and will run until December. The exhibition is organised by the Foundation in collaboration with the Kiran Nadar Museum of Art in New Delhi, and ...

  Read More »
• 5 September

  Registration for Watch & Jewellery Middle East Show opens

  

    SHARJAH / WAM The Expo Centre Sharjah has announced that the online registration for exhibitors, visitors, and journalists wishing to attend or participate in the 50th edition of the Watch & Jewellery Middle East Show is now open. Organised by the Expo Centre with the support of the Sharjah Chamber of Commerce and Industry (SCCI), the event will run ...

  Read More »
• 5 September

  Sweden sets up $23.2bn emergency backstop for utilities

  

    Bloomberg Sweden’s government will provide Nordic and Baltic utilities as much as 250 billion kronor ($23.2 billion) in credit guarantees as it seeks to prevent Russia’s energy curbs from setting off a financial crisis. The measure is aimed at helping companies struggling to meet the surging collateral requirements needed to trade electricity, and avoid the threat of some going ...

  Read More »
• 5 September

  EU unanimity on Russia price cap a ‘challenge’, says Le Maire

  

  Bloomberg The European Union (EU) needs to act with unanimity to impose a price cap on Russian oil and overcome reluctance by some member countries to support the initiative by the Group of Seven to limit Russian energy revenue, French Finance Minister Bruno Le Maire said. G-7 leaders agreed to put a cap on oil prices, but without support from EU ...

  Read More »
• 5 September

  Liz Truss is about to get her hands on Brexit dynamite

  

  The longer the people of Northern Ireland live with the Brexit arrangement known as the Northern Ireland Protocol, the more they seem to like it. A majority (55%) see the Protocol as appropriate for managing the impact of Brexit on Northern Ireland and 53% see a benefit to their economy. That’s not to say it doesn’t have flaws, which many ...

  Read More »
• 5 September

  What is the purpose of public policy?

  

  The purpose of any policy is not only to effect change but also to educate the public. This educational function is important yet rarely discussed explicitly, perhaps for fear of looking like a propagandist. So be it: I wholeheartedly embrace the notion of policy as a way of educating voters. How does this work? Consider the moon landing of 1969. ...

  Read More »
• 5 September

  Fed is about to go full throttle on QT. fear not

    The Federal Reserve’s quantitative tightening program will ramp up to its full potential in September, increasing from $47.5 billion to $95 billion per month. Some market participants are concerned this additional monetary tightening will have negative consequences on risk assets and the economy. Given that quantitative easing — buying US Treasuries and mortgage-related securities — helped firm the economic ...

  Read More »
• 5 September

  Defense stocks are more than a recession haven

    Manufacturers of fighter jets, battleships and missiles are usually one of investors’ best defensive havens when economies get shaky. This time around, geopolitical conflict and tension are making them key components in the offensive arsenal as well. Normally, when a downturn erodes demand or some exogenous shock rocks the market, the US government budget, and particularly spending on the ...

  Read More »
• 4 September

  Amazon closes, scraps plans for dozens of US warehouses

  

  Bloomberg Amazon.com Inc, determined to reduce the size of its sprawling delivery operation amid slowing sales growth, has abandoned dozens of existing and planned facilities around the US, according to a closely watched consulting firm. MWPVL International Inc., which tracks Amazon’s real-estate footprint, estimates the company has either shuttered or killed plans to open 42 facilities totalling almost 25 million ...

  Read More »