July, 2022

• 8 July

  Serbia lifts key rate for a fourth month

    Bloomberg Serbia lifted its benchmark interest rate for a fourth month, the highest since July 2019, following in the footsteps of peers in eastern Europe to confront persistent price pressure. The central bank in Belgrade increased the one-week repurchase rate by 25 basis points to 2.75%, a move that none of the 18 economists in a Bloomberg survey forecast. ...

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• 8 July

  Peru’s central bank to hike rate as inflation hits 25-year high

  

    Bloomberg Peru’s central bank is expected to raise its key interest rate by half a percentage point on Thursday as the fastest inflation in 25 years fuels social tension in the Andean country. Policy makers will lift the benchmark rate to 6%, the highest since 2009, according to all economists surveyed by Bloomberg. It will be the 12th straight ...

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• 8 July

  Stocks, US futures advance as inflation worries ease

  

    Bloomberg US stock-index futures rise as softer oil prices and a weaker dollar signalled fears about inflation and the pace of monetary tightening are fading. Futures on the S&P 500 and Nasdaq 100 indexes advanced at least 0.2% each after the underlying gauges capped the first three-day rally since May. Asian semiconductor shares rallied after Samsung Electronics Co reported ...

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• 8 July

  Pound rallies as UK PM’s exit plan spells relief for traders

  

    Bloomberg The pound strengthened and UK stocks rise on reports that Prime Minister Boris Johnson is planning to resign. Investors said the news may spell some initial relief for UK assets, which have been battered by the country’s high inflation, weak economy and the political uncertainty. Sterling rises as much as 0.6% to $1.1994. The FTSE 250 Index, which ...

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• 7 July

  UAE President, German Chancellor discuss ways to boost bilateral ties

  

    ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has received a phone call from Chancellor of Germany Olaf Scholz, dealing with bilateral relations and ways to enhance them as part of the strategic partnership between the two countries. President His Highness Sheikh Mohamed bin Zayed and the German Chancellor also tackled a number of ...

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• 7 July

  Mohammad Barkindo, Opec Secretary-General, dies at 63

    Bloomberg Opec Secretary-General Mohammad Barkindo, an oil industry veteran who steered the group through the creation of the Opec+ alliance, has died in his native Nigeria. He was 63. Barkindo was in the final weeks of his six-year tenure as the top diplomat at Organisation of Petroleum Exporting Countries (Opec), where he headed its Vienna-based secretariat. He had returned ...

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• 7 July

  ADX, Bahrain launch digital exchange hub

  

    Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) announced the launch of the region’s first digital exchange hub – Tabadul, with an official bell ringing ceremony live streamed from BHB and the ADX headquarters. Hisham Malak, Chairman of ADX, rang the market opening bell at ADX and Shaikh Salman bin Khalifa Al Khalifa, the ...

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• 7 July

  Adoption of digital health to unlock $230bn market over next 5 years

  

    Dubai / WAM Increased adoption of digital-health technologies are expected to unlock an estimated $230 billion globally including $10 billion in the Middle East over the next 5 years, a new report entitled, ‘Digital Health: How Governments Can Accelerate the Value of Digital Health’, revealed. The report was produced by the World Government Summit (WGS) in collaboration with McKinsey ...

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• 7 July

  Deal signed to deliver clean energy to SeaWorld Abu Dhabi

  

  Abu Dhabi / WAM Emerge, a joint venture between the UAE’s Masdar and France’s EDF, announced on Wednesday that it has signed an agreement with Miral, Abu Dhabi’s leading creator of immersive destinations and experiences, to deploy on-site solar energy systems at the SeaWorld Abu Dhabi theme park currently under construction on Yas Island. The project, which will have a ...

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• 7 July

  Etihad Airways to launch its first NFT collection

    Abu Dhabi / Gulf Time Etihad Airways, the national airline of the UAE, on Wednesday announced the upcoming release of the airline’s first non-fungible token (NFT) collection, ‘EY-ZERO1’. The utility-driven series features ten highly detailed 3D aircraft models, each one showcasing a unique Etihad Airways Boeing 787 Dreamliner livery. A total of 2003 limited-edition collectibles, symbolising the year when ...

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