January, 2024

• 11 January

  Global stocks edge higher in countdown to US inflation

  

  BLOOMBERG Global stocks rose as investors awaited US inflation data that will help clarify the path for Federal Reserve policy. Europe’s Stoxx 600 index advanced 0.5%, while US equity futures showed the S&P 500 and Nasdaq 100 indexes were set to add to earlier gains. A gauge of Asian stocks rallied as Japanese equities hit a fresh three-decade high. Treasuries ...

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• 11 January

  Walmart expands rollout of generative AI search on app

  

  BLOOMBERG Walmart Inc opened up access to a generative artificial intelligence (AI) tool that allows shoppers to search for products by specific use cases, rather than look up one item at a time. The technology is now available for use on the Walmart app on Apple Inc’s iOS mobile operating system, the world’s largest retailer said in a statement at ...

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• 11 January

  Latifa bint Mohammed attends launch of 1 Billion Followers Summit’s 2nd edition

  

  DUBAI/ WAM H.H. Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority and Member of the Dubai Council, attended the launch of 1 Billion Followers Summit in its second edition, held under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, on 10th and ...

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• 11 January

  UAE Vice President meets with winners of Mohammed Bin Rashid Al Maktoum Creative Sports Award

  

  DUBAI/WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today met with the winners of the 12th edition of the Mohammed Bin Rashid Al Maktoum Creative Sports Award. The meeting, that took place at His Highness’ Majlis at Union House in Dubai, was held in the presence of ...

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• 10 January

  ADIB launches B2B marketplace to empower Small and Medium Enterprises

  

  ABU DHABI/ WAM Abu Dhabi Islamic Bank (ADIB) has announced the introduction of ADIB Business Souq, an innovative digital marketplace designed to provide comprehensive support to Small and Medium-sized Enterprises (SMEs). This all-in-one digital platform aims to significantly reduce the cost of doing business by offering a wide range of exclusive offers and discounts. ADIB Business Souq is an online ...

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• 10 January

  UAE President participates in Vibrant Gujarat Global Summit in India

  

  AHMEDABAD/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has participated in the 10th edition of the Vibrant Gujarat Global Summit in India, following an invitation from the Indian Prime Minister His Excellency Narendra Modi. Held in Ahmedabad, Gujarat, the three-day summit is being attended by numerous heads of state, government officials, decision-makers, and business and finance professionals ...

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• 10 January

  CEPA fuels prosperity and sustainable growth for UAE and India

  

  ABU DHABI/ WAM The economic, trade, and investment cooperation between the UAE and India represents a model for constructive international collaboration to stimulate bilateral investments and trade. This was culminated in the Comprehensive Economic Partnership Agreement (CEPA) between the two countries, contributing to creating more opportunities for sustainable mutual growth in their economies. This comprehensive economic partnership reflects the strength ...

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• 10 January

  Khaled bin Mohamed bin Zayed attends Hamad Jumaa Al Suwaidi wedding reception

  

  ABU DHABI/ WAM His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has attended a wedding reception hosted by Jumaa Manea AI Ghuwais AI Suwaidi for the marriage of his son Hamad to the daughter of Sultan Rashid Khalifa Al Shamsi. H.H Sheikh Khaled congratulated the newlyweds and their families and wished them a ...

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• 10 January

  Amazon’s online orders up 29% before Christmas

  

  BLOOMBERG Amazon.com Inc’s share of online orders spiked in the final days of the holiday shopping season, demonstrating how big investments in delivery speed paid off with procrastinating shoppers looking for a wide selection of products they could get quickly. Amazon captured 29% of global order volume in the final two weeks before Christmas, up from 21% the week of ...

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• 10 January

  Meituan becomes No 2 Hong Kong food service months after debut

  

  BLOOMBERG Meituan has become Hong Kong’s second-largest food delivery platform since debuting in the city last May, a sign that splashy subsidies are boosting the company’s first major foray outside mainland China. The internet firm’s sister app “KeeTa” accounted for 37% of the local food delivery market in December, according to data from Measurable AI, a Hong Kong-based firm that ...

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