July, 2023

• 31 July

  Bahrain’s King receives UAE President at his residence in Abu Dhabi

  

  ABU DHABI / WAM His Majesty King Hamad bin Isa Al Khalifa of Bahrain on Monday received President His Highness Sheikh Mohamed bin Zayed Al Nahyan at his residence in Abu Dhabi. During the meeting, His Highness Sheikh Mohamed bin Zayed and King Hamad discussed the close, historic ties between the United Arab Emirates and Bahrain. They affirmed the special ...

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• 31 July

  Goldman, Morgan Stanley see BOJ tweak boosting Japan stocks

  

  BLOOMBERG Strategists at Morgan Stanley and Goldman Sachs Group Inc see the Bank of Japan’s tweak of yield-curve control as providing clarity that will support further gains in the nation’s equity market. Opportunities are “now even clearer,” Morgan Stanley strategists including Daniel Blake wrote after the the BOJ adjustment to allow the yield on 10-year bonds to trade as high ...

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• 31 July

  Stocks waver as traders seek interest rate cues; yen slumps

  

  BLOOMBERG Global equity markets struggled for direction as traders parsed the latest commentary from central bankers for clues on the path for interest rates.  At the start of another busy week of earnings, Heineken NV slumped as much as 6.4% after the Dutch brewer reduced its earnings forecast. Apple Inc and Amazon.com Inc are among companies reporting in the coming ...

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• 31 July

  Sharjah Ruler issues Decree forming Sharjah Media Council

  

  SHARJAH/WAM H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued Emiri Decree No. (52) of 2023 to form the Sharjah Media Council (SMC). According to the Decree, the SMC will be chaired by H.H. Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah, and will include the following members: ...

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• 31 July

  

  ABU DHABI/WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, on Sunday received Bilawal Bhutto Zardari, Minister of Foreign Affairs of the Islamic Republic of Pakistan, at the headquarters of the Ministry of Foreign Affairs in Abu Dhabi. During the meeting, Zardari expressed his sincere condolences and sympathy over the passing of Sheikh Saeed bin Zayed Al ...

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• 31 July

  UAE President receives condolences from Presidents of Liberia and Comoros on Saeed bin Zayed’s passing

  

  ABU DHABI/WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has received two phone calls from Azali Assoumani, President of the Union of the Comoros, and George Manneh Weah, President of the Republic of Liberia, who offered condolences on the passing of Sheikh Saeed bin Zayed Al Nahyan. The two leaders expressed their sincere condolences and sympathy to His Highness and ...

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• 31 July

  Just Eat CEO says Grubhub sale is proving ‘very difficult’

  

  BLOOMBERG Just Eat Takeaway.com NV is finding it difficult to complete the sale of its US business, Grubhub Holdings Inc, because of a combination of high price demands from some investors and a weak market for deals, Chief Executive Officer Jitse Groen said. “We’re talking to buyers still, but it’s a very difficult M&A situation currently,” Groen said in an ...

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• 31 July

  Gatwick Airport averts some strikes after workers agree deal

  

  BLOOMBERG London’s Gatwick Airport escaped a strike that was due to take place over the weekend after more workers agreed to an improved pay offer. Ground handlers working for four companies at Gatwick were set to walk off on two successive weekends starting July 28 and August 4 after failed negotiations over pay and working conditions. The Unite union said ...

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• 31 July

  UK’s CAA takes action against Wizz Air over customer refunds

  

  BLOOMBERG The UK’s Civil Aviation Authority (CAA) has taken enforcement action against Wizz Air Holdings Plc after many passengers complained about the carrier failing to reimburse them for delayed or cancelled flights. The Hungarian-based airline has committed to making policy changes to ensure it is compliant with passenger rights obligations, the CAA said. Customers whose claims were incorrectly rejected by ...

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• 31 July

  Lufthansa takes fight over $6.6bn pandemic aid to top EU court

  

  BLOOMBERG Deutsche Lufthansa AG is fighting a landmark ruling that toppled the European Union’s approval for its €6 billion ($6.6 billion) German recapitalisation at the height of the Covid-19 pandemic. Europe’s biggest network carrier said it filed an appeal at the EU Court of Justice against the May 10 judgment by a lower tribunal, which backed claims by Ryanair Holdings ...

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