GENEVA/ WAM The global foreign direct investment (FDI) had a modest increase of over 3% to reach an estimated $1.37 trillion in 2023, defying expectations as recession fears early in the year receded, and financial markets performed well. Global FDI flows increased, but economic uncertainty and higher interest rates affected global investment. The headline increase was mainly due to higher …

ABU DHABI/ WAM Abu Dhabi Commercial Bank (ADCB) is establishing a strategic presence in Saudi Arabia, leveraging its strong balance sheet and sophisticated corporate banking capabilities to support a growing client base, and contribute to the deepening of regional economic relationships. ADCB has received an in-principle approval from the Kingdom’s Council of Ministers and will open a branch in Riyadh, …

DUBAI/ WAM Dhai Dubai, the first-ever Emirati-led light art festival, has revealed an enlightening line-up of cultural activities, set to immerse visitors at Expo City Dubai and Al Wasl Plaza later this month. Created and produced by Expo City Dubai in partnership with AGB Creative, and supported by Dubai Culture and Arts Authority, Dhai Dubai invites visitors to engage with …