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SVN Update

We are delighted to announce the launch of our brand-new website! Designed with you in mind, the revamped SVN Capital website offers a comprehensive view of our services, showcases profiles of our exceptional investment advisors, features a dedicated careers page, and much more. 

Key highlights include:

Investment Services Overview

Discover our diverse range of services through our detailed Solutions section. Whether you’re interested in art investmentreal estate advisory, or other specialised solutions, you’ll find all the information you need right here.

Meet Our Expert Advisory Team

Get to know the dedicated professionals behind SVN Capital. Our leadership and investment team bios provide insights into the experience, expertise, and passion that each of our advisors brings to the table. We’re proud of our talented team and excited for you to learn more about the individuals who make SVN Capital exceptional.

Spotlight Articles

Stay informed and inspired with our collection of Spotlight articles, which are now easily accessible on the new site. Gain insights into the latest market trends, industry developments, and success stories from the world of investment and beyond.

Careers at SVN Capital

Are you a talented professional seeking to join a dynamic team? Visit our new Careers page for everything you need to know about working at SVN Capital. Learn about our vibrant company culture and how you can contribute to our mission of delivering excellence in investment advisory.

Thank you for being a valued part of the SVN Capital community. We invite you to explore our new website and discover everything SVN Capital has to offer. Your journey to intelligent investing starts here.

UAE Property Update

Written by Nathaniel Taylor @ Novvi Properties

Renovation opportunities!!If you are looking for private, and fully off market renovation opportunities, ranging between 10M – 100M AED, I have very lucrative options available.Your profile will not be compromised, and the process working with me is professional and seamless.

Renovators and investors (no brokers) get in touch. Get in touch for more information and relocation assistance.

Send me an email or send me a WhatsApp introduction, and let’s explore the possibilities.

Nathaniel@novviproperties.com

 +971 58 693 1168

#DubaiInvestment #TaxFreeLiving #LuxuryLifestyle #DubaiEconomy #SafeHaven #GlobalWealth #FinancialFreedom #InvestInDubai #LifeInDubai #EconomicPowerhouse #DubaiFuture

UAE News Headlines

UAE among top 20 countries operating SAR satellites with launch of ‘Foresight-1’
The strategic roadmap drawn up by Bayanat and Yahsat is based on deploying a constellation of satellites with SAR technology in the near future

Bayanat, a leading provider of AI-powered geospatial solutions and a subsidiary of G42, confirmed that the launch of the Synthetic Aperture Radar (SAR) satellite, titled “Foresight-1”, is a significant achievement that reinforces the UAE’s global leadership in the space sector, as it is the first satellite of the UAE’s Earth Observation Space Programme.

Hasan Al Hosani, Managing Director of Bayanat, told the Emirates News Agency (WAM) that Foresight-1 places the UAE among the prestigious list of 20 countries around the world that operate SAR space assets, which strengthens its position in the space sector and supports its growing capabilities in this field.

He pointed out that the strategic roadmap drawn up by Bayanat and Al Yah Satellite Communications Company (Yahsat), is based on deploying a constellation of satellites with SAR technology in the near future.

He explained that since the initial announcement of the launch of the Earth Observation Space Programme in 2023, the two companies have been implementing the strategic plan for the Earth Observation System, starting with the Foresight-1 satellite.

He added, “After the successful launch of the Foresight-1 satellite, we are now able to operate space assets prepared to cross over the Middle East region repeatedly and in record time.”

He stated that what distinguishes the Foresight-1 satellite is that it provides continuous, high-resolution monitoring solutions, using SAR technology, which is an active sensing system that illuminates the Earth’s surface and measures the reflected signal to provide high-resolution images. Unlike traditional optical imaging satellites, SAR satellites can capture images day or night regardless of weather conditions or the reflection of sunlight.

He said that this technology will enhance the quality of geospatial solutions and services provided by Bayanat and Yahsat, in addition to enhancing capabilities in disaster management, marine monitoring, and smart mobility applications.

He pointed out that Emirati citizens constituted more than 30 per cent of the Earth Observation Space Programme, reflecting the commitment to developing highly qualified national cadres in one of the most vital sectors.

The merger between Bayanat and Yahsat is expected to be completed before the end of this year, subject to obtaining final approvals from regulatory authorities in the UAE and internationally.

He pointed out that the merger contributes to establishing “Space42” as a leading Emirati company in the space sector with a global footprint, supporting the country’s efforts to achieve the directions of the National Space Strategy 2030.

Finance in Brief

Bitcoin Traders Divided on Near-Term Price Rise After Jackson Hole
An increase in buying of call spreads amid selling of Bitcoin call options with a strike of $100,000 points to cautious optimism, QCP noted.

Bitcoin traders are exhibiting a mixed reaction in the derivatives market following the Jackson Hole economic symposium on Friday, balancing optimism for future gains with caution about the pace of any potential rally.

The market has seen increased buying of call spreads—a sign that traders are betting on further price increases, QCP Capital wrote in its most recent investor note.

However, there has also been significant selling of Bitcoin call options with a strike price of $100,000, particularly for contracts extending to March 2025, data from BasedMoney shows.

This suggests that while sentiment remains broadly bullish, traders are not anticipating a sharp or immediate price surge, QCP said.

Despite recent gains in Bitcoin and Ethereum, volatility indicators show a shift toward put options, reflecting traders’ concerns about potential downside risks through October.

Implied volatility, a key measure in options trading that estimates future price movements, is skewed toward puts, indicating more significant concern over potential price drops than optimism for price increases.

In simple terms, even though Bitcoin and Ethereum have been rising, more traders are hedging against a possible decline by purchasing put options.

CURRENCY NEWS BY CLEAR TREASURY

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CURRENCY NEWS BY CLEAR TREASURY

Register now to enjoy the best forex exchange offered to our clients. Our team of experienced currency specialists provide support, guidance and a proactive service. We can offer competitive exchange rates, and will ensure your transaction is processed within your specified time frame.

Sign Up – Clear Currency

 

USD
  • Yesterday afternoon saw a mixed bag of US PMI data releases with expansions on both composite and services while a retraction on manufacturing – all three missed their forecast consensus with the expansions being larger than expected and likewise the retraction.
  • At 3pm this afternoon we have Fed Chair Jerome Powell speaking at the Jackson Hole Symposium with traders likely to be eager to decipher the underlying tone with a dovish statement expected.
  • USD has remained under pressure for the majority of this week with a 1% gain for EUR/USD and over 1.5% gain for GBP/USD.
GBP
  • GBP/USD broke through the 1.30 mark at the early part of this week and has sustained above it for the first time in over 12 months whilst sitting above 1.31 at time of writing this morning.
  • The UK economy continued its strength this week with a positive set of PMI’s released yesterday, all showing expansions above the forecasted consensus.
  • Sterling has made gains against both its G3 counterparts in the last fortnight but, with the next round of interest rate decisions only around the corner the volatility doesn’t look to be over yet.
EUR
  • A quieter week for Euro data this week with the main release being the PMI’s from the Eurozone yesterday.
  • EUR/USD has seen a lot of volatility this week mainly driven by USD weakness however, EUR/GBP has maintained stability this week with a trading range from high to low of under 1% from Monday to Friday.

Financial Market Update

The Fidelity Weekly Market Review

It’s time

Monday 26th August 2024

Jerome Powell, chair of the Federal Reserve, suggested that the central bank will soon cut interest rates. In a keenly awaited speech at the meeting of central bankers in Jackson Hole, Wyoming, he said that the “time has come for policy to adjust”. The pace and timing will continue to depend on incoming data, but Powell added “my confidence has grown that inflation is on a sustainable path back to 2%”.

Gold continued its recent rally and hit new highs. Prices are up by a fifth since the start of the year as investors anticipate the Federal Reserve will cut interest rates at its next meeting in September. Gold is seen as a haven against falling asset prices in other markets. The World Gold Council estimates that demand for gold increased by 4% in the second quarter, year on year.

Japan’s annual core-inflation rate, which excludes fresh food prices, was 2.7% in July, up from 2.6% in June. But a measure known as the “core-core” rate, which excludes all food and energy costs, dropped to 1.9% from 2.2%. It was the first time that rate has fallen below the Bank of Japan’s 2% target since September 2022.

Alimentation Couche-Tard, a Canadian operator of convenience stores, including the Circle K brand, made a friendly offer to buy Seven & i, a Japanese holding company that counts the 7-Eleven chain among its assets. It is the largest ever attempted acquisition of a Japanese company.

Advanced Micro Devices intensified its rivalry with Nvidia by agreeing to buy ZT Systems for $4.9 billion. ZT builds computing infrastructure for “hyperscalers” in artificial intelligence, including the likes of Amazon and Microsoft. The deal will speed up the deployment of AMD’s data-centre chips, which compete with Nvidia’s graphics processing units.

BMW sold more electric vehicles than Tesla in the European Union last month – the first time it has outsold its American rival in electric vehicles – despite a 6% year-on-year decline in purchases of EVs across the bloc in July.

Ford said it would scrap plans to manufacture a big electric SUV and would pivot to a hybrid petrol-and-electric version. Demand for battery-powered cars has stalled in America; Ford has said it expects to lose $5 billion on electric vehicles this year.

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