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  Bloomberg JPMorgan Chase & Co’s Michelle Chen, a former senior China technology banker, will join the bank’s asset and wealth management division in Hong Kong, according to a memo seen by Bloomberg News. Chen, the bank’s former co-head of China technology, media and telecommunications, will lead the bank’s 23 Wall efforts in North Asia, reporting to Natacha Minniti, the ...

Bloomberg Sweden’s ailing housing market may be entering a calmer phase after being battered by rising interest rates and soaring costs of living, Riksbank Governor Erik Thedeen said. “If you look at some of the indicators, the decline may have subsided,” Thedeen said at a residential real estate conference in Stockholm. “Perhaps there are signs of some form of stabilisation ...

  Bloomberg The UK has surpassed India as the world’s sixth-largest equity market for the first time in almost nine months as a weaker pound boosted the appeal of heavyweight exporters trading in London and Adani Group-led jitters weighed on stocks in Mumbai. The combined market capitalisation of the primary listings in the UK, excluding ETFs and ADRs, reached about ...

  Bloomberg A notice buried towards the back of a Tokyo Stock Exchange document last month encouraging better corporate governance has led to some big share price moves. The Japanese bourse said it will request companies trading below book value to come up with capital improvement plans starting this spring. While just the latest in a long series of such ...

  New York / WAM The United Nations Security Council (UNSC) adopted a Presidential Statement opposing unilateral measures that obstruct prospects for a two-state solution in the Occupied Palestinian Territory, with the support of all council members. This important decision was facilitated by the United Arab Emirates, which currently serves as an elected member of the council. “The UAE is ...

  Abu Dhabi / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), Chairwoman of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF), and the “Mother of the Nation” opened the Global Summit of Women 2023 in Abu Dhabi on Tuesday. The two-day event is being organised by the ...

Sharjah / WAM Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, met with Manuel Tovar Rivera, the Minister of Foreign Trade and Investment of Costa Rica, to discuss strengthening collaboration between their respective regions. The parties discussed trade, food security, and the transportation of goods sector, with the aim of identifying ways to benefit ...

  Abu Dhabi / WAM Edge group has on Tuesday signed a memorandum of understanding (MoU) with BAE Systems, a global leader in advanced technology solutions, to explore potential collaboration and co-creation opportunities to enhance technologies and capabilities across the UAE. Under the MoU announced at the International Defence Exhibition and Conference (Idex), the new strategic partnership will see both ...

  Dubai / WAM Dubai Chambers on Tuesday unveiled a series of accomplishments for 2022 during a media briefing at its headquarters, demonstrating its diverse initiatives to support Dubai’s business community and dedication to realising its strategic goals in alignment with the city’s future development plans. Present at the event were Abdul Aziz Al Ghurair, the Chairman of Dubai Chambers, ...

  Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib) announced that it had saved five million sheets of paper in 2022 through its ongoing Al Ghaf paperless programme. This initiative supported the bank in eliminating paper usage significantly at branches through digital banking solutions. As part of Adib’s 2025 growth strategy, Al Ghaf Programme underlines the bank’s commitment to ...