July, 2023

• 24 July

  Etihad Airways among most punctual airlines in Middle East for H1 2023

  

  ABU DHABI / WAM Etihad Airways, the UAE national airline, ranked among the most on-time airlines in the Middle East and one of the most punctual carriers worldwide. In the first half of 2023, Etihad achieved an on-time arrival performance rating within 15 minutes of 83.4%. In its Punctuality League ratings for 2023 thus far, the global aviation analytics group ...

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• 24 July

  New AI internship attracts students to MBZUAI’s Abu Dhabi campus

  

  ABU DHABI / WAM Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) has welcomed 34 of the world’s most promising STEM undergraduate students to its Abu Dhabi campus for a one-month research internship as part of the inaugural edition of the university’s Undergraduate Research Internship Programme (UGRIP). Drawn from a large pool of applicants, aspiring researchers from the USA, Canada, ...

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• 24 July

  Khaled bin Mohamed bin Zayed receives the Regent of Pahang

  

  ABU DHABI / WAM His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has received His Royal Highness, Prince Tengku Hassanal Ibrahim Alam Shah, Regent of Pahang, son of His Majesty Al-Sultan Abdullah Sultan Ahmad Shah, King of Malaysia. During the meeting at the offices of ...

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• 24 July

  Dubai Endowment campaign to fund needs of mosque in Dubai

  

  DUBAI / WAM Dubai’s Endowments and Minors’ Trust Foundation (Dubai Endowment) has launched a campaign to support the Mosques Endowment Fund in the emirate. The campaign seeks to establish a sustainable charitable endowment whose proceeds will fund the needs of 50 mosques in the emirate. As part of the initiative, Dubai Endowment will build a commercial complex in the Al ...

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• 24 July

  Mexico inflation slows again amid high rate, strong peso

  

  BLOOMBERG Mexico’s inflation extended its gradual slowdown in early July, roughly in line with forecasts, helped by double-digit interest rates and the strongest peso since 2015. Consumer prices rose 4.79% in the first half of the month compared to the same period a year earlier, down from 4.93% in late June, the national statistics institute reported. The result was just ...

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• 24 July

  Dollar heads for best week since February as hawks linger

  

  BLOOMBERG The greenback is set for its biggest weekly gain in nearly five months as bullish traders offered respite for a currency that has been battered in July. A Bloomberg gauge of the dollar’s strength advanced more than 1% in the five-day stretch as the greenback clawed its way back from the 15-month lows it touched amid last week’s selling ...

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• 24 July

  Solar is ‘eating itself.’ Is that a now a big problem?

  

  BLOOMBERG Who is responsible for the cleanup of China’s air and water? What is the impact of wildfire smoke on your health? And why is free electricity a problem for solar? Every week on Bloomberg Green’s Zero podcast, Akshat Rathi invites guests to explore the tactics and technologies taking us to a world of zero emissions. Here are some recent ...

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• 24 July

  Investors dismayed as ‘surreal’ CO2 credit plan moves ahead

  

  BLOOMBERG Investors in carbon offsets are sounding the alarm as millions of tainted units look set to enter the market. A plan by a Belarusian trade group to sell 2 million Russian carbon credits from a defunct United Nations programme has been slammed by climate experts and trading veterans. The worry now is that such offsets, known as emissions reduction ...

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• 24 July

  Yen bond market emerges as oasis amid Japan volatility

  

  BLOOMBERG The market for yen bonds from global firms is hotter than it’s been in years, providing money managers with an oasis as rates volatility soars. Investors have scooped up yen debt from issuers outside Japan, fueling the busiest July since 2018. Deals have included Canada’s Toronto-Dominion Bank, Korea Investment & Securities Co and France’s BPCE SA, which priced the ...

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• 24 July

  Bonds gain, euro slides as data fans growth fears

  

  BLOOMBERG European bonds gained and the euro plunged versus the dollar after a sharp decline in manufacturing and services gauges from the common-currency region fanned concerns about the faltering global economy. Stocks were lackluster at the start of a week packed with major central bank policy decisions and corporate earnings, as investors fretted about the magnitude of further interest rate ...

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