BLOOMBERG The ESG fund with the biggest exposure to Nvidia Corp has just beaten 99% of its peers, as bets on artificial intelligence (AI) transform the fortunes of portfolios promoting environmental, social and governance principles. The $830 million Nvidia stake held by Swedbank Robur Technology C makes it the most exposed ESG-registered fund to the world’s most valuable chip company, …

ABU DHABI / WAM The UAE’s economic growth is expected to remain robust, averaging 4.6 percent from 2022 to 2024, driven by higher oil prices and improved business confidence, according to the Arab Monetary Fund (AMF). The AMF’s “Arab Economic Outlook Report forecasts a 4.2 percent growth rate for the UAE in 2023, accompanied by a decline in the consumer …

SEOUL / WAM  The UAE’s General Civil Aviation Authority (GCAA) participated in the second World Aviation Forum hosted by the International Civil Aviation Organisation (ICAO) in Seoul, Republic of Korea. Saif Mohammed Al Suwaidi, Director-General of the GCAA, and Saeed Mohammed Al Suwaidi, Permanent Representative of the UAE to the ICAO, headed the Emirati delegation. The key event combined four …