GENEVA / WAM The Emirate of Dubai, represented by the Dubai Investment Development Agency (DUBAI FDI), been elected for the Presidency of the World Association of Investment Promotion Agencies (Waipa). Dubai FDI will be the president of the new Steering Committee that will lead the global FDI body from 2019 to 2021, reflecting the confidence of the international community in …

Bloomberg Kristalina Georgieva, in her first major address as head of the International Monetary Fund (IMF), painted a downbeat picture of the world economy and said a more severe slowdown could require governments to coordinate fiscal-stimulus measures. In a speech that sets the tone for next week’s annual meeting of the IMF, Georgieva said the fund will cut its growth …

Bloomberg Oil fell again, erasing earlier gains, as economic tensions between the US and China flared ahead of talks aimed at resolving their long-running trade feud. Futures in New York slipped as much as 1.7% following news that the White House is considering plans to potentially limit capital flows into China, while Beijing signaled it would retaliate after the Trump …