TOPSHOT - Traders work on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange on January 10, 2019 in New York. Wall Street stocks rose for a fifth straight session on Thursday, overcoming disappointing holiday sales from Macy's and other retailers following a day of choppy trade.The Dow Jones Industrial Average finished up 0.5 percent at 24,000.76.The broad-based S&P 500 also gained 0.5 percent to 2,596.59, while the tech-rich Nasdaq Composite Index advanced 0.4 percent to 6,986.07.
 / AFP / Bryan R. Smith
While Moody's, S&P and Fitch and other ratings firms may not be perfect they are probably as good as it gets.  AFP

Slowing global economy 'the biggest risk' say 54% of UAE investors



Over half of UAE investors believe a slowing world economy poses the biggest risk to their investments in 2019, a study found.

According to research from financial services companies Old Mutual International and Quilter Cheviot Investment Management, 54 per cent of the 130 UAE residents polled believe economic stagnation in the global economy will be the largest threat this year - up from 39 per cent in 2017. Interest rate hikes were a concern for 43 per cent of investors, versus just over a quarter in 2017, while 41 per cent are wary of falling oil prices.

Mark Leale, head of Quilter Cheviot Investment Management’s Dubai representative office, said it is “understandable” many investors are concerned as markets will “undoubtedly be more volatile in 2019”.

“Handling risk is a key part of the investment process and managing the downside is inevitable when dealing with stock markets,” he said.

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Read more:

Eight investment trends to look out for in 2019

Which currencies will be the winners of 2019?

US stocks end 2018 as worst year since 1931 financial meltdown 

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The US-China trade war, along with weak economic indicators and a series of global political challenges, such as Brexit in the United Kingdom, adversely affected major stock market indexes at the end of last year. Stocks around the world limped into the end of a dismal 2018 that saw bear markets in equities from Japan to Germany. Meanwhile, the US Federal Reserve increased interest rates four times in 2018 with two more expected in 2019.

Nearly a third of poll respondents feel Donald Trump’s presidency in the United States could pose a risk to their investments, while 30 per cent fear geopolitical events such as terrorism may be a threat.

Brexit and the UK potentially exiting the European Union this year is also a concern for over a quarter of respondents.

However, two-thirds of UAE investors feel positive about the performance of the UAE economy over the next 12 months - 66 per cent believe it will be strong or perform better than in 2018.

Director: Nag Ashwin

Starring: Prabhas, Saswata Chatterjee, Deepika Padukone, Amitabh Bachchan, Shobhana

Rating: ★★★★

UAE currency: the story behind the money in your pockets
England squad

Moeen Ali, James Anderson, Jofra Archer, Jonny Bairstow, Dominic Bess, James Bracey, Stuart Broad, Rory Burns, Jos Buttler, Zak Crawley, Sam Curran, Joe Denly, Ben Foakes, Lewis Gregory, Keaton Jennings, Dan Lawrence, Jack Leach, Saqib Mahmood, Craig Overton, Jamie Overton, Matthew Parkinson, Ollie Pope, Ollie Robinson, Joe Root, Dom Sibley, Ben Stokes, Olly Stone, Amar Virdi, Chris Woakes, Mark Wood

UAE athletes heading to Paris 2024

Equestrian

Abdullah Humaid Al Muhairi, Abdullah Al Marri, Omar Al Marzooqi, Salem Al Suwaidi, and Ali Al Karbi (four to be selected).

Judo
Men: Narmandakh Bayanmunkh (66kg), Nugzari Tatalashvili (81kg), Aram Grigorian (90kg), Dzhafar Kostoev (100kg), Magomedomar Magomedomarov (+100kg); women's Khorloodoi Bishrelt (52kg).

Cycling
Safia Al Sayegh (women's road race).

Swimming

Men: Yousef Rashid Al Matroushi (100m freestyle); women: Maha Abdullah Al Shehi (200m freestyle).

Athletics

Maryam Mohammed Al Farsi (women's 100 metres).

DAY ONE RESULT


1. Charlotte Kool (NED) – Team DSM: 2hrs, 47min, 14sec
2. Lorena Wiebes (NED) – Team SD Worx: +4 secs
3. Chiara Consonni (ITA) – UAE Team ADQ: +5 secs

Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed


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