BLOOMBERG  New Bank of Japan (BOJ) Governor Kazuo Ueda struck a dovish tone once again by highlighting the risk of inflation slowing below the central bank’s target. Comparing the risk of inflation overshooting and falling below 2%, “it’s appropriate to conduct monetary policy by focusing on the latter risk” considering economic conditions, Ueda told reporters in Washington. Coming three days ...

BLOOMBERG  HSBC Holdings Plc plans to recruit about 30 bankers to service India’s ultra-rich through its private bank that the lender will launch in the country in the next few months, according to people with knowledge of the matter. The bank is seeking to fill the roles internally from staff in the country, as well as to hire wealth managers ...

BLOOMBERG  British banks expect to put the squeeze on the mortgage market in the coming months after signs emerged of business and household loan defaults picking up. The Bank of England’s (BOE) quarterly credit conditions survey showed that the availability of home loans will be curtailed in the second quarter (Q2). Lenders said that default rates on mortgages, unsecured credit ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has awarded  Khemissi Arif, ambassador of Algeria to the UAE, the First Class Medal of Independence, on the end of his tenure as ambassador to the UAE. Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, presented the medal to Ambassador Arif. Sheikh Shakhboot expressed his ...

ABU DHABI / WAM Borouge, a leading petrochemical company that provides innovative and differentiated polyolefin solutions, supplied its polyethylene material to a leading UAE pipe manufacturer to produce 1.8 metre diameter pipes that  will be installed for the processing of critical cooling water system at the new Borouge 4 project in Al Ruwais Industrial City. Union Pipes Industry (UPI), one ...

ABU DHABI / WAM The UAE has preserved its global leadership in the Nation Brand Performance Index, maintaining the first place globally for the second year in a row. The UAE ranked 10th globally in Nation Brand Strength index and 16th globally and 1st in Mena in Nation Brand Value index. Issued by the world’s leading brand valuation consultancy “Brand ...

ABU DHABI / WAM The Zai Centre at Zayed University has announced the launch of a new diagnostic tool called “Screening Arabic Reading Difficulties” (Sard) to identify reading difficulties in young children. Sard utilises innovative technology to identify learning gaps and potential developmental disorders in children from grade 1 to grade 6. The tool is cloud-based and produces easily digestible ...

ABU DHABI / WAM At a panel discussion on Thursday, organised by the Rockefeller Foundation and on the side-lines of the World Bank/ IMF Spring Meetings, Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-designate, emphasised the need to reform international financial institutions and partner with private sector leaders, to unlock trillions of dollars ...

DUBAI / WAM The Mohammed Bin Rashid Space Centre (MBRSC) hosted an exclusive media edition of its ‘A Call With Space’ event, attended by more than 130 attendees from the local and international media at the Museum of the Future. During the event, media representatives had the unique opportunity to engage in a live interaction with astronaut Sultan AlNeyadi, who ...

ABU DHABI / WAM Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, noted that since His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, became the Prime Minister of the UAE back in 2006, government work management has always adopted an innovative, excellent and pioneering approach. On the occasion of ...