BLOOMBERG Stock market investors holding on to hopes that the Federal Reserve will cut rates in the second half could be disappointed later this week, according to Morgan Stanley’s Michael Wilson — a staunch Wall Street bear. The US central bank is expected to hike interest rates on May 3, marking the 10th consecutive increase going back to March 2022. …

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued directives for the formation of a Board of Trustees for the “1 Billion Meals Endowment” initiative, which falls under the umbrella of Mohammed bin Rashid Al Maktoum Global Initiatives. The move aims to ensure managing and …

ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, the UAE Vice President, and Lt General Abdel Fattah Al Burhan, Chairman of the Transitional Sovereignty Council of Sudan, reviewed the cooperation ties between the two nations and the latest developments in Sudan. This came over a phone call HH Sheikh Mansour held with Al Burhan, wherein the …