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Stock pickers on Wall Street go all-in on recession bets

BLOOMBERG As Wall Street economists and central bankers debate if and when the US economy will slip into a recession, big money managers aren’t waiting to find out. Increasingly, professional stock pickers are shifting money out of economically sensitive shares like banks while parking it in stocks seen as resilient during  economic downturns, such as utilities and consumer staples. Hedge ...

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Ahmed bin Mohammed attends inauguration of World FZO’s 9th Annual International Conference & Exhibition

DUBAI / WAM Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Chairman of the Dubai Media Council, today attended the inauguration of the World Free Zones Organisation’s (World FZO) ninth Annual International Conference ...

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His Highness Sheikh Mohamed receives delegation from Sharjah Football Club, winners of UAE President’s Cup

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Tuesday met with representatives of Sharjah Football Club, who recently won the UAE President’s Cup for the tenth time in the team’s history. During the meeting, held at Qasr Al Bahr in Abu Dhabi, His Highness congratulated the team’s players, the technical and administrative staff, and UAE ...

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