Bloomberg Investors should be more selective in the next six months as asset returns are likely to diverge because liquidity “cannot paper over specific weaknesses indefinitely,” according to JPMorgan Chase & Co. An “indiscriminate approach” to a portfolio would largely have worked in April and May, when most financial assets rallied — a typical result at a turning point in …

Bloomberg Saudi Arabia started a fund with an initial capital of $4 billion to develop its tourism industry as the oil-rich kingdom seeks to diversify its economy and attract more foreign travellers. The Tourism Development Fund will launch a range of equity and debt investment vehicles and has $45 billion in memorandum of understandings signed with private banks, according to …

Abu Dhabi / WAM The United Arab Emirates has expressed its support for the statements made by Egyptian President Abdul Fattah Al Sisi in Sidi Barrani on Sunday in Libya. The Ministry of Foreign Affairs and International Cooperation (MoFAIC) affirmed the UAE’s solidarity with the Arab Republic of Egypt in all measures taken to safeguard its security against alarming developments …