Dubai / WAM HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of the Dubai International Financial Centre (DIFC), appointed Rupert Keeley to the Board of Directors of the Dubai Financial Services Authority (DFSA). Keeley brings over 40 years of international experience in financial services, having held ...

  Dubai / WAM More than 3,000 women and children have benefited from the services offered by the Dubai Foundation for Women and Children (DFWAC) during 2022, Shaikha Saeed Al Mansouri, Acting Director-General of the foundation, announced. Al Mansouri also revealed that more than 10,000 people have interacted with the foundation through its platforms, while well over 2,000 people, including ...

  Bloomberg The drop for home prices in Sweden continued unabated in the last month of the year, suggesting that 2023 could offer little relief for an already troubled housing market. Prices across the country are now down almost 17% since a peak in the spring, according to state-owned mortgage lender SBAB. The worst slump for the market since the ...

  Bloomberg Canada will require travellers arriving from China from January 5 to provide evidence of a negative Covid-19 test result, taken no more than two days before their departure, to airlines prior to boarding. The requirement applies to those aged two years of age and older and will also apply to those traveling from the Chinese territories of Hong ...

  Bloomberg Venezuela and Colombia officials opened the Atanasio Girardot international bridge, allowing vehicles carrying both passengers and cargo to cross the border between both countries. Completed in 2016 but never used, the bridge also known as Tienditas was inaugurated with a ceremony led by authorities from both countries, including Colombia’s commerce minister German Umana and transportation minister Guillermo Reyes, ...

Bloomberg Brazilian assets tumbled on the first session of 2023 as traders digested plans by President Luiz Inacio Lula da Silva to use state-owned companies to drive economic growth. Petrobras slumped as much as 6.9% in Sao Paulo, the main drag on the benchmark Ibovespa index, which fell 3.1% as of 11:47 am. Lender Banco do Brasil SA dropped as ...

  Bloomberg Scion Asset Management founder Michael Burry said while inflation has peaked, it is likely to pick up again in response to government stimulus. “The US in recession by any definition,” Burry, the investor made famous by Christian Bale in the 2015 movie The Big Short, said on Twitter. “Fed will cut and government will stimulate. And we will ...

Bloomberg Germany vowed to crack down on people responsible for violence around the weekend’s New Year celebrations, in which dozens of police, paramedics and firefighters were injured. “The government, and of course the chancellor as well, condemns these at times massive attacks in the strongest possible terms,” Christiane Hoffmann, a spokeswoman for Chancellor Olaf Scholz, said on Monday at the ...

Bloomberg European natural gas prices started the New Year declining as mild weather curbed demand. Benchmark futures dropped 7.9% to the lowest level since February 21, extending three weeks of net declines. Weather forecasts point to temperatures above seasonal norms for most of the region in next two weeks, which will help Europe avoid depleting its stocks too soon as ...

Bloomberg President Xi Jinping said tough challenges remain in China’s fight against Covid-19 and acknowledged divisions in society that led to rare spontaneous protests, after weeks of silence on a virus policy pivot that’s infected hundreds of millions and delivered a severe blow to economic activity. In a New Year’s address, Xi said the country is in a new phase ...