BLOOMBERG Wall Street’s reaction to the latest jobs report showed bets that another Federal Reserve interest-rate hike is likely in the bag — but that wouldn’t necessarily happen in June. As Treasury yields climbed, swap contracts projected officials will probably wait until next month to tighten again. The possibility of a Fed pause, more signals that the economy is still ...

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 ...

ABU DHABI / WAM The Ministry of Industry and Advanced Technology (MoIAT) signed a memorandum of understanding (MoU) with Etihad Aviation Group to provide new incentives for companies certified under the National In-Country Value (ICV) Programme. The incentives include discounts on Etihad’s cargo rates and miles on-board flights. The MoU was signed during the second edition of the Make it ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to the newly sworn-in Nigerian President Bola Ahmed Tinubu. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, ...

ABU DHABI / WAM Khalifa Fund for Enterprise Development will support two UAE businesses participating in the highly anticipated “Make it in the Emirates”, a prominent industrial event that brings together government entities, industrial leaders, financial institutions, SMEs, and investors to explore investment opportunities, boost local content, and enable sustainable manufacturing. Khalifa Fund will actively participate in the forum showcasing ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec) followed the UAE’s leading approach to developing the national talent to ensure the sustainable success of its civil nuclear energy programme. Fast forward to today and not only does the UAE Peaceful Nuclear Energy Programme have hundreds of UAE Nationals with nuclear engineering degrees, but it has now added a ...

NEW YORK / WAM The United Arab Emirates announced human fraternity; climate change, peace and security; and cooperation between the United Nations and the League of Arab States as the main priorities of its presidency of the United Nations Security Council during the month of June. As President, the UAE sets the Council’s Programme of Work in agreement with other ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Sergio Mattarella of Italy on the occasion of his country’s Republic Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime ...