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BLOOMBERG The dollar is poised to jump with Treasury yields in the coming months as still-elevated inflation will likely push the Federal Reserve toward further policy tightening, says Clifton Hill at Acadian Asset Management. Hill, a global macro portfolio manager, sees the US currency gaining an additional 5% versus many peers, with the trigger coming as policy makers signal further ...

BLOOMBERG US equity futures traded little changed as traders awaited inflation data for clues on whether policy makers will keep rates higher for longer. Europe’s Stoxx 600, meanwhile, retreated 0.7% as stagflation concerns mounted. The pound extended declines to a three-month low after the UK economy shrank at the quickest pace in seven months. Crude prices jumped after warnings from ...

GENEVA / WAM The UN Conference on Trade and Development (UNCTAD) will hold the World Investment Forum 2023 in Abu Dhabi to rally investments for climate action, clean energy, health care, food security and other development needs. Heads of state, more than 50 government ministers, over 150 CEOs of leading companies and stock exchanges, and thousands of investment stakeholders, more ...

ABU DHABI / WAM The Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) continues its research efforts to advance artificial intelligence (AI) and harness it as a global force that contributes to the progress and well-being of humanity. With the knowledge and competence to continue the technology development process in the UAE and the world, MBZUAI is currently dedicating three ...

ABU DHABI / WAM Saif Abdulla Alshamisi, Assistant Undersecretary for Protocol Affairs at the Ministry of Foreign Affairs (MoFA), has received a copy of the credentials of Ridi Kurtezi, Ambassador of the Republic of Albania to the UAE. Alshamisi wished the new ambassador success in performing his duties and enhancing bilateral relations and cooperation between the UAE and his country. ...

DUBAI / WAM The UAE Government Experience Exchange Programme (GEEP), in partnership with the Anwar Gargash Diplomatic Academy (AGDA), launched the “Diplomatic Leaders Programme”. The programme upskills government experience exchange experts and equips them with the diplomatic skills required to effectively communicate and impart the UAE’s successful governmental experiences and best practices to countries actively engaged in GEEP. The two-month ...

FUJAIRAH / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, has announced the launch of 11 new educational complexes, as part of the Zayed Educational Complexes project. The project is among the UAE’s largest educational projects that aim to develop the country’s infrastructure as per global education standards, ...

ABU DHABI / WAM Abu Dhabi is gearing up to host the inaugural Abu Dhabi Sail Grand Prix on January 13-14, 2024, featuring the sport’s best athletes representing national teams from around the globe at Mina Zayed, Abu Dhabi’s historic port. The event is presented in partnership with SailGP’s Global Series Partner Mubadala Investment Group and Abu Dhabi Sports Council ...

ABU DHABI / WAM Noura bint Mohammed Al Kaabi, Minister of State, met with Sunjay Sudhir, Ambassador of the Republic of India to the UAE. During the meeting, she congratulated India for successfully hosting and presiding over the G20 summit in New Delhi and commended its leading role in uniting international efforts and achieving common interests, in both economic and ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued a Federal Decree appointing Sultan Rashid Ali Al Shamsi as an advisor in the Presidential Court, with the rank of Minister. The Decree will be published in the official gazette and will be in effect from the date of its issuance.