August, 2023

• 16 August

  UAE’s help brought Bangladeshi UN staffer back to life, says envoy

  

  ABU DHABI / WAM An abducted Bangladeshi employee of the UN in Yemen was completely hopeless at one point, but the UAE’s help brought him back to normal life, a top Bangladeshi diplomat told the Emirates News Agency (WAM). “During his 18-month long ordeal, he was ill and needed medication, but it was difficult for him to get medical support. ...

  Read More »
• 16 August

  Economists convened by COP28 set out next steps to reform climate finance

  

  ABU DHABI / WAM A two-day meeting of world leading economists and finance leaders convened by the COP28 Presidency has delivered consensus on the key next steps needed to establish a new framework for international climate finance and to drive progress at COP28 and beyond to COP29 and COP30. World-leading economists from the Independent High-Level Expert Group (IHLEG) met with ...

  Read More »
• 16 August

  Dubai Chamber of Commerce discusses future of private notary office services in workshops

  

  DUBAI / WAM Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, hosted two workshops focused on identifying and overcoming the challenges faced by private notary offices in Dubai. The sessions came as part of the chamber’s drive to engage with private sector companies and involve them in policymaking and advocacy efforts, with ...

  Read More »
• 16 August

  National Bonds, PCFC ink pact to promote savings

  

  DUBAI / WAM National Bonds announced a new partnership with the Ports, Customs and Free Zone Corporation (PCFC), that aims to provide their employees with innovative savings and investment solutions. This partnership came into being considering the recent study conducted by National Bonds, which states that 76% of people are planning to save and invest in the UAE. Through this ...

  Read More »
• 16 August

  Air India revamps logo, look of aircraft in bid to win fliers

  

  BLOOMBERG Air India Ltd unveiled a new corporate identity, including a modernised logo and a sleeker livery for its planes, as the former state-owned carrier spruces up its image under new owner Tata Group. The carrier will ditch its red arched window accents for a sleeker livery that will see its tail fin painted in hues of gold, red and ...

  Read More »
• 16 August

  Home Depot earnings top estimates as DIY spending sustained

  

  BLOOMBERG Home Depot Inc earnings exceeded the average analyst estimate, suggesting that US home improvement spending is performing slightly better than expected following an unprecedented boom during the pandemic. Earnings per share were $4.65 on a diluted basis in the second quarter, above the average estimate compiled by Bloomberg. Comparable sales, another key metric, fell 2% in the quarter, a ...

  Read More »
• 16 August

  Target jumps as profit gain overshadows cut to forecast

  

  BLOOMBERG Target Corp shares clawed back some of their recent losses after a surprising profit surge in the second quarter overshadowed the company’s increasingly cautious outlook on the rest of the year. Adjusted earnings more than quadrupled during the quarter ended in late July, Target said in a statement, reflecting the retailer’s progress in paring the bloated inventories that forced ...

  Read More »
• 16 August

  China approaches grim milestones as selloff spirals

  

  BLOOMBERG A selloff in Chinese assets deepened on Wednesday, with a key equity gauge set to erase all gains seen since last month’s Politburo meeting and the yuan falling towards a 16-year low.  The MSCI China Index dropped as much as 1.3% amid mounting concerns over economic growth, set to close below where it was before policy vows at the ...

  Read More »
• 16 August

  European stocks waver with US central bank’s minutes in focus

  

  BLOOMBERG European stocks fluctuated after their slump as investors awaited further clues on the path of interest rates from the US Federal Reserve. The pound strengthened as UK inflation topped expectations. Europe’s Stoxx 600 benchmark rose 0.2% after declining as much as 0.4% earlier. US futures pointed to gains at the open. Government bonds in the US and Europe traded ...

  Read More »
• 16 August

  Mohamed bin Zayed: Under UAE Presidency, COP28 will lead global efforts to protect the planet

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received at Qasr Al Bahr Majlis the team overseeing the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28). During the meeting, His Highness Sheikh Mohamed bin Zayed affirmed that sustainability remains at the heart of the UAE’s support for global ...

  Read More »