July, 2022

• 14 July

  Stocks, futures decline as Fed rate-hike bets harden

  

    Bloomberg US equity futures fall along with stocks in Europe and the dollar resumed its upward march on Thursday after high US inflation hardened expectations for more aggressive Federal Reserve monetary tightening that could trigger a recession. The Stoxx Europe 600 index declined more than 1%, dragged down by the telecom sector, where Ericsson AB plunged more than 10% ...

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• 14 July

  Strategists favouring Singapore, dividend stocks in hawkish Asia

  

  Bloomberg Surprise policy tightening moves announced by central banks in Singapore and the Philippines signal Asia is now fully awake to the threat of accelerating inflation, and is playing catch up with its global peers. Analysts in the region recommend a number of strategies that investors can take in response to the increasingly hawkish environment, including favouring the Singapore dollar, ...

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• 14 July

  Adnoc to expand investor base to drive FDI to UAE

  

    Abu Dhabi / WAM His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of Abu Dhabi Executive Council and Chairman of Abu Dhabi Executive Office, has chaired a meeting of the Executive Committee of the Board of Directors (BoD) of Abu Dhabi National Oil Company (Adnoc). During the meeting, which was held at Adnoc’s headquarters in Abu ...

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• 14 July

  UAE President exchanges Eid greetings with Saudi King

    Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has exchanged, during a telephone call, Eid Al Adha greetings with the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia. The UAE President and King of Saudi Arabia exchanged their wishes for the two countries to flourish with continued ...

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• 14 July

  Seha, KSM to promote joint medical research

  

    Abu Dhabi / WAM The Abu Dhabi Health Services Company (Seha) has signed an agreement with Kahn-Sagol-Maccabi (KSM), the research and innovation centre of Israel’s Maccabi Healthcare Services, to promote joint medical research and technological innovation. The agreement – signed in Abu Dhabi – will also support the Emirate’s goal of building a genomic research registry to optimise clinical ...

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• 14 July

  Mubadala Petroleum discovers 390 foot gas column in North Sumatra

  

    Abu Dhabi / WAM Mubadala Petroleum, the Abu Dhabi headquartered international energy company, on Wednesday announced that the drilling of the Timpan-1 exploration well located 150 kilometres offshore North Sumatra, Indonesia, has been completed with the discovery of a 390 foot gas column in high net to gross fine-grained sandstone reservoir. The exploration well, “Timpan-1”, is operated by Harbour ...

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• 14 July

  16 firms in UAE triple Emiratisation target

  

    Dubai / WAM A group of 16 companies managed to achieve three times more than the Emiratisation target approved by cabinet’s decision that was issued in May 2022 and entered into force in June 2022. These companies employed 1,166 UAE citizens within this short period. The firms will receive incentive packages from the Ministry of Human Resources and Emiratisation ...

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• 14 July

  Dubai records AED1b in realty transactions

  

  Dubai / Gulf Time Dubai real estate market recorded 304 sales transactions worth AED735.85 million, in addition to 77 mortgage deals of AED263.54 million, and 12 gift deals amounting to AED24.3 million on Wednesday, data released by Dubai’s Land Department (DLD) showed. The sales included 282 villas and apartments worth AED651.17 million, and 22 land plots worth AED84.68 million, while ...

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• 14 July

  Empowering people of UAE is nation’s top priority

  

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has said that the people of the UAE, and striving to empower them, has always been and continues to be the nation’s top priority. “Ensuring our people have everything they need to live fulfilled, comfortable, and happy lives, remains the basis of all our future plans,” His ...

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• 14 July

  EGA, Japan’s K Line sign deal to decarbonise bulk cargo shipping

  

    Abu Dhabi / WAM Emirates Global Aluminium (EGA) and Kawasaki Kisen Kaisha (K Line group), one of the world’s largest shipping groups, on Wednesday signed an agreement to cooperate on research and pilot projects to decarbonise bulk cargo shipping. The cooperation is expected to focus on the development and implementation of new marine decarbonisation technologies suitable for EGA’s bulk ...

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