August, 2022

• 2 August

  DFM adds 20,552 new investor accounts in first 7 months of ’22

  

  Dubai / WAM Brokerage companies in the Dubai Financial Market added 20,552 new investor accounts in the first seven months of 2022. The market also witnessed significant momentum since the announcement of the listing of 10 governmental and semi-governmental companies, including the Dubai Electricity and Water Company (Dewa), the Tecom group, and Union Coop. The number of new accounts in ...

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• 2 August

  Seha unveils updated visa screening app

  

    Abu Dhabi / WAM The Abu Dhabi Health Services Company (Seha) has announced the release of the updated Seha Visa Screening app with a range of new features. The newly launched update, available for iOS and Android phones, includes an appointment booking feature for companies and groups, in addition to online payment through Apple Pay and Samsung Pay. To ...

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• 2 August

  Adihex launches contest for most beautiful photographs

  

    ABU DHABI / WAM Abu Dhabi International Hunting and Equestrian Exhibition (Adihex) announced the launch of the most beautiful photography contest that reflects the theme of its upcoming edition, “Sustainability and Heritage … A Reborn Aspiration”. The contest expresses in the language of art the efforts of Abu Dhabi and the world in promoting the sustainability of the environment, ...

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• 2 August

  Emirates restarts daily service to London Stansted

    Dubai / WAM Emirates resumed passenger services to London Stansted (STN), serving its third London gateway with a daily flight. The airline has advanced plans to increase capacity from five-weekly services to a daily flight. With the return of services to Stansted, Emirates has ramped up its operations to London with nine daily flights, including six daily flights to ...

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• 2 August

  UAEU publishes 1077 research articles in H1 2022

  

    AL AIN / WAM The United Arab Emirates University (UAEU) has set scientific research at the forefront of its ambitious strategic vision, where research is considered a key to institutional innovation and foresight, to create a vibrant, sustainable future for the next generation. In line with the vision, the faculty members of UAEU have produced 1,077 research articles during ...

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• 2 August

  European banks blow the roof off, for now

  

  European banks appear to be having a bit of a moment, but investors shouldn’t get over-excited by a string of forecast-beating profits this week. There is little common in many of the good-news stories: BNP Paribas SA of France, NatWest Group Plc and Standard Chartered of the UK, and BBVA of Spain all turned out strong second-quarter numbers, following better ...

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• 2 August

  The BOE needs a big Mac and fries!

  

  McDonald’s Corp has just raised the price of a cheeseburger in its UK restaurants for the first time in 14 years, by a supersized 20% to £1.19 ($1.43) from 99p. Something must be done. The rising cost of a beef patty is symptomatic of the surge in prices that should prompt the Bank of England (BOE) to hike its official ...

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• 2 August

  Social media can’t hide its problems anymore

    There’s a perfectly good reason to break open the secrets of social-media giants. Over the past decade, governments have watched helplessly as their democratic processes were disrupted by misinformation and hate speech on sites like Meta Platforms Inc’s Facebook, Alphabet Inc’s YouTube and Twitter Inc. Now some governments are gearing up for a comeuppance. In the next two years, ...

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• 2 August

  Fed must get ready for higher unemployment

    Announcing another interest-rate increase, Federal Reserve Chair Jerome Powell said that the path towards a soft landing — with lower inflation and no significant rise in unemployment — has narrowed. The question is whether there is any such path. The first estimate of second-quarter gross domestic product showed a fall of 0.9% at an annual rate. This came after ...

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• 2 August

  Lufthansa faces more turmoil as pilots back possible strikes

  

  Bloomberg Deutsche Lufthansa AG may face further disruption after its pilots voted for strikes if they’re considered necessary to force a wage deal, a move that could unleash another wave of cancellations unless the airline’s negotiators and labour representatives can settle their differences. The VC pilots union voted overwhelmingly in favour of walkouts, meaning Lufthansa could be hit with stoppages ...

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