News

  Bloomberg Hyundai Motor Co sold 3.94 million vehicles last year, short of its 4.01 million target as the pandemic, supply disruptions, inflation and concerns of recession continued to strain the industry. Hyundai, which already cut its 2022 forecast from 4.32 million vehicles in October, expects global sales to reach 4.32 million units in 2023 — 3.54 million overseas and ...

  Bloomberg China’s economy ended the year in a major slump as business and consumer spending plunged in December, with more disruption likely in the first few months of the year as Covid infections surge across the country. Official data showed the decline in manufacturing worsened last month, while activity in the services sector plunged the most since February 2020. ...

  Bloomberg International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned that the global economy faces “a tough year, tougher than the year we leave behind.” “We expect one-third of the world economy to be in recession,” Georgieva told CBS’s ‘Face the Nation’ in an interview aired January 1. “Why? Because the three big economies — US, EU, China — ...

  Abu Dhabi / WAM More than 3,000 women and children have benefited from the services offered by the Dubai Foundation for Women and Children (DFWAC) during 2022, Shaikha Saeed Al Mansouri, Acting Director-General of the foundation, has announced. Al Mansouri also revealed that more than 10,000 people interacted with foundation through its platforms, while well over 2,000 people, including ...

  Abu Dhabi / WAM Wio Bank, the region’s first platform bank, is partnering with First Abu Dhabi Bank (FAB) to offer its Wio Business customers cash and cheque facilities through FAB’s established ATM and CDM network. The Wio Business app has been integrated with the FABePay portal to enable users to initiate cash or cheque deposits in a simple ...

  Abu Dhabi / WAM Under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Adnec group is set to host the 16th edition of the International Defence Exhibition and Conference (Idex 2023) and the 7th edition of the Naval Defence Exhibition and Conference (Navdex 2023), which will take place on February 20-24. Organised by Adnec group ...

Dubai / WAM DXB Live, the integrated event management and experiential agency of the Dubai World Trade Centre (DWTC), said it has completed preparations for the three-day World of Coffee Dubai 2023, which is set to welcome coffee traders, industry professionals and enthusiasts from January 11-13. With more than 1,500 international, regional, and local companies and brands already registered, the ...

  Abu Dhabi / WAM The Department of Community Development in Abu Dhabi (DCD) has issued 20,000 individual volunteer licences since the launch of volunteer licensing services in September 2021, promoting and encouraging the culture of volunteering in the emirate. This came as part of its efforts to increase the participation of individuals in a variety of volunteering activities, develop ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired the first UAE cabinet meeting of the New Year 2023 at Qasr Al Watan Abu Dhabi, in the presence of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime ...

  Abu Dhabi / WAM Under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Adnec group is set to host the 16th edition of the International Defence Exhibition and Conference (Idex 2023) and the 7th edition of the Naval Defence Exhibition and Conference (Navdex 2023), which will take place on February 20-24. Organised by Adnec group ...