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UK stocks set for record outflows in a 2022 meltdown, says BofA

  Bloomberg UK equity outflows are on track for their worst year ever, with investors pulling $18 billion from the country’s stock funds so far in 2022, according to Bank of America Corp. The figure eclipses prior years, and would mark a seventh straight year of UK equity outflows — every year since the 2016 Brexit referendum — according to ...

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Abu Dhabi-based Global Mission initiates $17 billion fund for SDGs

  Abu Dhabi / WAM Global Mission, an Abu Dhabi based non-profit, along with its global partners, has established a $US17 billion fund to help achieve the United Nations’ 17 Sustainable Development Goals (SDGS) across the globe, a senior executive told the Emirates News Agency (WAM). “This ‘Global Fund for Sustainable Development’ is the most ambitious SDG-fund worldwide. Based in ...

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Dubai’s DMCC looks to grow $23b UAE-US trade corridor

  Dubai / WAM Dubai Multi Commodities Centre (DMCC) has successfully concluded Made For Trade Live events in Miami and New York as it seeks to attract more companies from the US to the UAE. DMCC sees significant opportunities for growth in the UAE–US trade corridor, which was worth $23 billion in 2021, not least because of the recently signed ...

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