Bloomberg US futures rise with stocks as signs of China’s recovery and resilience in Europe stoked optimism about the global economy. Treasuries and the dollar also gained. Contracts on all three major US gauges gained more than 1%, signalling a strong start to the first day of trading on Wall Street this year. Tesla Inc. dropped 4.1% in premarket ...

  Bloomberg International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned that the global economy faces “a tough year, tougher than the year we leave behind.” “We expect one-third of the world economy to be in recession,” Georgieva told CBS’s ‘Face the Nation’ in an interview aired January 1. “Why? Because the three big economies — US, EU, China — ...

  Abu Dhabi / 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, has announced. Al Mansouri also revealed that more than 10,000 people interacted with foundation through its platforms, while well over 2,000 people, including ...

  Abu Dhabi / WAM Wio Bank, the region’s first platform bank, is partnering with First Abu Dhabi Bank (FAB) to offer its Wio Business customers cash and cheque facilities through FAB’s established ATM and CDM network. The Wio Business app has been integrated with the FABePay portal to enable users to initiate cash or cheque deposits in a simple ...

  Abu Dhabi / WAM Under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Adnec group is set to host the 16th edition of the International Defence Exhibition and Conference (Idex 2023) and the 7th edition of the Naval Defence Exhibition and Conference (Navdex 2023), which will take place on February 20-24. Organised by Adnec group ...

Dubai / WAM DXB Live, the integrated event management and experiential agency of the Dubai World Trade Centre (DWTC), said it has completed preparations for the three-day World of Coffee Dubai 2023, which is set to welcome coffee traders, industry professionals and enthusiasts from January 11-13. With more than 1,500 international, regional, and local companies and brands already registered, the ...

  Abu Dhabi / WAM The Department of Community Development in Abu Dhabi (DCD) has issued 20,000 individual volunteer licences since the launch of volunteer licensing services in September 2021, promoting and encouraging the culture of volunteering in the emirate. This came as part of its efforts to increase the participation of individuals in a variety of volunteering activities, develop ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired the first UAE cabinet meeting of the New Year 2023 at Qasr Al Watan Abu Dhabi, in the presence of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime ...

  Abu Dhabi / WAM Under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Adnec group is set to host the 16th edition of the International Defence Exhibition and Conference (Idex 2023) and the 7th edition of the Naval Defence Exhibition and Conference (Navdex 2023), which will take place on February 20-24. Organised by Adnec group ...

  Abu Dhabi / WAM Executives working in the UAE government and private sectors have begun to use artificial intelligence (AI) in diverse areas of their daily work, thanks to an Executive Programme hosted by Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) in Abu Dhabi, according to a senior official. Sultan Al Hajji, vice president of public affairs and ...