CIO Office Viewpoint – 03.04.2024: How to trade your dragon
By John Woods, CIO APAC and Michael Strobaek, Global CIO
Key takeaways
China’s policy priorities have eclipsed markets, leading to net outflows as the world’s second-largest economy is too big to ignore, but too uncertain to inspire investor confidence
We removed strategic allocations to Chinese debt and equities in late 2023. Tactically, it is still too early to take a positive view on direct investments into Chinese stocks, bonds, or the yuan
However, we see tactical alternatives to direct China exposures that can contribute to returns in a globally balanced portfolio
Proxies include Europe’s luxury goods makers, and equities in South Korea and Taiwan, which are economically correlated with China. Beneficiaries of ‘friend shoring,’ including India and Mexico, may also gain from new capital and technology flows.
Yango Play celebrates Eid al-Fitr with a family-focused entertainment lineup
As the MENA region gears up for Eid al-Fitr celebrations, Yango Play emerges as the first AI-powered entertainment service that combines video streaming, music, and mini-games in one place tailored for family festivities. Its entertainment lineup includes popular films and classic plays rich in fantasy, comedy, romance, and social drama, reflecting the holiday’s themes of family, unity, and joy.
PNC Menon becomes richest Omani citizen as per Forbes Global Ranking
Dubai, April 4, 2024: PNC Menon, Founder and Chairman of Sobha Group and an eminent real estate tycoon, climbs up in Forbes Global Ranking and becomes the richest Omani Citizen in the list. The achievement further highlights his position as a visionary leader and industry trailblazer in the Middle East, as well as marks a milestone in the country’s thriving real estate market.
Soar to New Heights this Eid with the Launch of Big Balloon Ride in Sharjah
Sharjah, UAE, April 2024: Sharjah has officially become home to an exciting new entertainment destination as Fly High Balloon Operations LLC. launched its inaugural Big Balloon Ride at the picturesque Al Majaz Waterfront. Offering a unique and thrilling experience, the Big Balloon Ride promises to elevate the city’s entertainment scene to new heights.
The Big Balloon Ride stands as the centrepiece of this vibrant entertainment ecosystem, providing visitors with an exhilarating journey to the skies. Guests will soar to heights of 200 feet aboard a 360-degree floating platform, tethered securely to the ground for utmost safety. Each ride lasts for a thrilling six to seven minutes and promises a unique experience.
UAE News 24/7 