July, 2023

• 9 July

  Swiss banks can handle more rate hikes: SNB

  

  BLOOMBERG  Switzerland’s lenders are strong enough to cope with possible additional interest-rate increases by the Swiss National Bank (SNB), its vice president, Martin Schlegel, told Schweiz am Wochenende. Most lenders have sufficient capital buffers to handle even an abrupt increase in borrowing costs, Schlegel said in an interview published in the weekly newspaper. While further monetary tightening could lead to ...

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• 7 July

  UAE President meets former classmates, their families

  

  ABU DHABI/ WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Friday met with a number of former classmates and their families. During the meeting, His Highness engaged in conversation with those present, expressing his happiness to be meeting with them again and recalling fond memories of their time spent together. Also in attendance was His Highness ...

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• 7 July

  COP28 chief calls for support for climate-vulnerable countries

  

  ISLAMABAD / WAM  COP28 UAE President-Designate Dr Sultan Al Jaber met the Prime Minister of Pakistan Shehbaz Sharif, senior government and diplomatic officials and youth climate advocates in Islamabad as part of his global listening and engagement tour. During his visit, he called for greater collaboration on climate and support for developing countries on the frontlines of climate change. Dr ...

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• 7 July

  42 Abu Dhabi celebrates international recognition

  

  ABU DHABI / WAM 42 Abu Dhabi, the first GCC campus of the internationally renowned 42 Network of coding schools, celebrated the 42 Network’s international recognition as the 6th Most Innovative University in the World’s Universities with Real Impact (WURI) Global Top 100 Most Innovative Universities ranking. The 42 Network also ranked number one in the Ethical Value Category of ...

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• 7 July

  Moro Hub, Riverbed host event on unified observability

  

  DUBAI / WAM Moro Hub, a subsidiary of Digital Dewa, the digital arm of Dubai Electricity and Water Authority (PJSC), successfully hosted an event in collaboration with Riverbed Technology, a leader in unified observability, to raise awareness among key UAE government entities about the transformative benefits of unified observability. Held at Burj Al Arab, the event highlighted how Riverbed’s market-leading ...

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• 7 July

  UAE to participate in Hungary Masters 2023 Judo Championship

  

  BUDAPEST / WAM The Organising Committee of the Hungary Masters 2023 judo championship has approved the participation of an Emirati team comprising four male competitors and one female competitor. The Emirati judokas will compete in five categories, which are 52 kilogrammes (kg) for women, 66 kg and 81 kg for men, and under 100 kg and over 100 kg for ...

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• 7 July

  EAD protects rangelands with new grazing regulations

  

  ABU DHABI / WAM The Environment Agency – Abu Dhabi (EAD) has begun issuing licenses to owners and breeders of livestock to regulate grazing and all related activities in Abu Dhabi. This is part of efforts to protect natural rangelands and promote sustainable traditional grazing practices. The licensing policy has been introduced to ensure the recovery of vegetation cover and ...

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• 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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