January, 2023

• 3 January

  Wells Fargo scores top-10 deal adviser spot

    Bloomberg Wells Fargo & Co nabbed a spot among the top 10 advisers on mergers and acquisitions last year, a first for the firm as it ramps up its investment bank under Chief Executive Officer Charlie Scharf. The bank ranked eighth in 2022, more than tripling its market share from the prior year and pulling off an increase in ...

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• 3 January

  Bonds to stage comeback as hedge for stock losses

  

    Bloomberg After the biggest loss for 60/40 portfolios since the global financial crisis, better days may lie ahead for the trillion-dollar complex of balanced investment strategies. Amid optimism that inflation has peaked, more than 60% of 610 respondents to the latest MLIV Pulse survey are betting stocks and bonds will move in opposite directions this year — re-establishing a ...

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• 3 January

  Futures rise with stocks on China recovery bets

  

    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 ...

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• 3 January

  Global economy faces tougher year in 2023, warns IMF chief

  

    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 — ...

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• 3 January

  DFWAC reveals major achievements in 2022

    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 ...

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• 3 January

  FAB facilitates cash, cheque services to Wio customers

  

    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 ...

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• 3 January

  Idex, Navdex 2023 to showcase range of new, exciting features

  

    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 ...

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• 3 January

  World of Coffee Dubai set to host 1,500 companies

  

  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 ...

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• 3 January

  Abu Dhabi issues 20,000 individual volunteer licences

    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 ...

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• 3 January

  Sheikh Mohammed sets out top priorities for UAE

  

  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 ...

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