BLOOMBERG As Wall Street economists and central bankers debate if and when the US economy will slip into a recession, big money managers aren’t waiting to find out. Increasingly, professional stock pickers are shifting money out of economically sensitive shares like banks while parking it in stocks seen as resilient during economic downturns, such as utilities and consumer staples. Hedge …
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DUBAI / WAM Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Chairman of the Dubai Media Council, today attended the inauguration of the World Free Zones Organisation’s (World FZO) ninth Annual International Conference …
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ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Tuesday met with representatives of Sharjah Football Club, who recently won the UAE President’s Cup for the tenth time in the team’s history. During the meeting, held at Qasr Al Bahr in Abu Dhabi, His Highness congratulated the team’s players, the technical and administrative staff, and UAE …
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DUBAI / GULF TIME Michael Martin, the nation’s recently appointed head of the Citizenship by Investment unit, has made the long-awaited revisions to the Citizenship by Investment (CBI) program for St. Kitts and Nevis public. St. Kitts and Nevis is once again leading the way for the investment immigration industry, setting a bold and new tone for the sector as …
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AJMAN / WAM H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, on Tuesday received in his court Ghannam Butti Al Mazrouei, Secretary-General of the Emirati Talent Competitiveness Council (ETCC), in the presence of H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman. During the meeting, Al Mazrouei briefed Sheikh Humaid about the …
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ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, UAE President, sent a written letter to José Maria Neves, President of the Republic of Cape Verde, that included an invitation to the Conference of the Parties of the United Nations Framework Convention on Climate Change (COP28), which will be held in Dubai Expo City this November. The …
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DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, toured the 30th Arabian Travel Market, which commenced on Monday at the Dubai World Trade Centre. He was accompanied by HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, and Deputy Prime …
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DUBAI / WAM Dubai has welcomed 4.67 million international overnight visitors in Q1 2023, up 17% YoY from 3.97 million tourists in the same period in 2022, according to Dubai’s Department of Economy and Tourism (DET). This marks the city’s best Q1 performance since the pandemic, and puts it on track to become the world’s most visited international destination. The …
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ABU DHABI / WAM AD Ports Group has announced plans to expand its fleet by purchasing five bulk carriers and three crude oil tankers. These vessel acquisitions will follow the recently signed agreements as part of the group’s strategic global expansion objectives to enhance the shipping division under AD Ports Group’s Maritime Cluster. The five bulk carriers, to be purchased …
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ABU DHABI / WAM The Shourak is the first transformational project launched by the General Pension and Social Security Authority (GPSSA) to provide valuable information to insured Emiratis on the importance of merging previous and current employment/service periods in case of a career switch in order to increase years of service, without the need to incur any additional cost. Shourak …
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