Economy

2023-07-10 16:50:05

“Secondly, we will always prioritise a strong and diversified gilt market,” the chancellor is expected to say. “Those who invest in our gilts are helping to fund vital public services and any changes must recognise the vital role they play.”Finally, Mr Hunt will insist any changes to pension funds must strengthen, rather than compromise, the UK’s global competitiveness.

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#Bank #England #job #cut #inflation

2023-07-10 13:13:00

Al-Ahsa Municipality

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During the second half of the current year 2023, the Al-Ahsa Municipality, represented by the General Administration of Digital Transformation, implemented 1,554 applications for commercial licenses, 8,160 applications for construction licences, 7,373 applications for infrastructure coordination permits, 21,138 applications for health certificates, 118 permits for mobile stores, and 8 applications for health certificates. New municipal services.

The Municipality stated that it had received 207 competition requests for investment opportunities, 350 requests for municipal incubators for seasonal products, and 16,705 requests for lighting maintenance, in addition to conducting 516 checks to track meat sources through the “Wathiq” program, and applying 1,276 requests through the “Weqaya” program to check and ensure the quality of sterilization devices in barbershops.

She indicated that during the same period, 42 requests were processed on the “Esnad” platform, 39 electronic municipal transactions were completed, and 162,069 text messages were dealt with, in addition to providing municipal services to 317 clients through the Saudi Business Center, which is concerned with facilitating the procedures for starting, conducting and ending economic businesses and providing all services and businesses. And dealing with 485 requests for sorting, merging and annexing excesses of lands and updating 388 requests for land deeds.

The Al-Ahsa Municipality stated that digital transformation contributes to achieving the strategic goals of the Ministry of Municipal, Rural Affairs and Housing in the municipal and housing sectors according to a sustainable digital system, stressing its continuous endeavor to enhance the efficiency and reliability of procedures for municipal services, support digital customer experience, and create digital applications and systems that achieve the highest benefit from technical channels and means. Interactive.

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#AlAhsa #Municipality #implementing #electronic #requests

2023-07-10 15:47:27

Wall Street’s main indexes opened slightly lower on Monday, before returning to a quiet rise, as investors continued to jitters ahead of a key inflation report, while weak data from China raised fears of a looming economic slowdown.

The Fed will take June inflation data, due on Wednesday, into account when making a rate decision later this month.

Analysts expect that the pace of inflation growth eased last month and will record the lowest growth since March 2021.

This data comes on top of the jobs report released on Friday, as the United States added the lowest number of jobs last month since 2021, unemployment decreased and wages grew more than expected, which indicates the impact of the labor market, which may affect the Federal Reserve’s decision regarding interest rate trend.

The Fed is trying to guide inflation to its 2% target, without tipping the economy into a recession that might lead to huge job losses.

Markets expect the Fed to raise interest rates by a quarter of a percentage point this month, and to keep them at that level until November, when it might raise rates once more.

Market movements

The Dow Jones Industrial Average rose 139.72 points, or 0.41 percent, to 33,874.60 points, by 15:43 GMT.

The Standard & Poor’s 500 Index rose by 2.88 points, or 0.07 percent, to 4,401.83 points, while the Nasdaq Composite Index fell 6.57 points, or 0.07 percent, to 13,649.81 points.

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#indices #diverge #anticipation #inflation #data