July, 2023

• 7 July

  VPs congratulate Prime Minister of Romania on his appointment

  

  ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, have sent a message of congratulations to Marcel Ciolacu on the occasion of his appointment as ...

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• 7 July

  Singapore stock benchmark heads for lowest close  since early November

  

  BLOOMBERG Concerns about a lackluster economy and slowing growth among some of the country’s biggest companies sent Singapore’s stock benchmark on track to close at its lowest level since early November. The benchmark Straits Times Index fell as much as 0.7%, before trimming some of those losses. The gauge, which is down about 3.4% this year, comes as investors move ...

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• 7 July

  Stocks slide as too hot job market erodes pause bets

  

  BLOOMBERG US stocks slipped after hiring data remained high enough to quash speculation the Federal Reserve would leave interest rates unchanged later this month. The S&P 500 and Nasdaq 100 are on track to end the week lower after data showed a still-resilient labour market, but one that was less robust than implied by the private payrolls report. Tempering any ...

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• 7 July

  UAE President congratulates President-Elect of Paraguay

  

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today made a phone call to Santiago Peña, President-Elect of the Republic of Paraguay, to congratulate him on his recent election win. His Highness Sheikh Mohamed wished Peña every success in leading Paraguay and its people to ongoing progress and development, and expressed his hope that the two leaders ...

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• 7 July

  Emirati Luxury Brand Carter & White Unveils First International Store in Porto Cervo, Italy

  

  DUBAI / GULF TIME Carter & White, renowned specialists in luxury clothing and accessories, is thrilled to announce the grand opening of its first international store in the prestigious and picturesque city of Porto Cervo, Sardinia, Italy. This milestone marks a significant expansion for the brand, showcasing its commitment to delivering exquisite craftsmanship to a global clientele. A strategy soon ...

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• 7 July

  Rivian CEO eyes production ramp, new partners after supply woes

  BLOOMBERG Rivian Automotive Inc is ready to take on more commercial partners beyond Amazon.com Inc after a recent bout of production success. “What we saw in Q2 is really the beginnings of the supply chain now running in a healthy way,” Chief Executive Officer RJ Scaringe said in an interview with Bloomberg Television. Rivian sells a consumer pickup truck and ...

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• 7 July

  Instagram unveils Threads app, a threat to Musk’s Twitter

  

  BLOOMBERG Meta Platforms Inc’s Instagram officially unveiled Threads, an app designed as a direct rival to Twitter, launching the most serious threat yet to Elon Musk’s struggling social-media site. On Threads, people can post text and links and reply to or repost messages from others. The app will let users port over their existing follower lists and account names from ...

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• 7 July

  COP28 chief calls on oil & gas industry to allocate capital to clean energy

  

  VIENNA / WAM COP28 President-Designate, Dr Sultan Al Jaber, on Thursday delivered a speech to the 8th Opec International Seminar, being held this week in Vienna, in which he urged the oil and gas industry to allocate capital at scale to clean energy solutions. The theme of the seminar “Towards a Sustainable and Inclusive Energy Transition” represents “one of the ...

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• 7 July

  ADQ, BMO to join GWL as strategic partners of Sagard

  

  MONTREAL / WAM Sagard, a global multi-strategy alternative asset management firm with $14.5 billion under management, on Thursday announced new strategic partnerships with ADQ and Bank of Montreal (BMO). As part of this transaction, Sagard has expanded its existing partnership with Great-West Lifeco (GWL). ADQ and BMO have respectively entered into definitive agreements to acquire minority equity stakes in Sagard, ...

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• 7 July

  UAE President, Mohammed bin Rashid witness swearing-in of Minister of Investment

  

  ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, on Thursday witnessed the swearing-in ceremony of Mohamed Hassan Alsuwaidi as the UAE’s Minister of Investment. Also present was His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, ...

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