by Jibran Munaf | November 8, 2024 | Stocks & Bonds
Nvidia (NVDA) made history on Thursday, becoming the first company to surpass a market valuation of $3.6 trillion. The AI chip giant’s stock surged 2.2% following Wall Street’s rally, fueled by investor optimism after Donald Trump’s re-election, which...
by Jibran Munaf | November 8, 2024 | Central Banks
The Central Bank of the UAE (CBUAE) announced a 25 basis point reduction in its overnight deposit facility (ODF) rate, bringing it down from 4.90% to 4.65%, effective Friday, November 8. This adjustment comes in response to the U.S. Federal Reserve’s recent decision...
by Jibran Munaf | November 8, 2024 | US Elections 2024
Following Donald Trump’s unexpected election victory, U.S. President Joe Biden addressed the nation on Thursday, promising a “peaceful and orderly” transition of power. Biden’s statement aimed to calm political tensions as Trump prepares to assume office in...
by Jibran Munaf | November 8, 2024 | Economy
The Federal Reserve cut interest rates by 0.25% on Thursday, bringing the benchmark rate down to a target range of 4.50%-4.75%, as the central bank continues to navigate a gradually easing labor market and steady economic expansion. The decision, which was unanimous...
by Jibran Munaf | November 7, 2024 | News
Dubai’s commercial office market is experiencing significant growth, with Q3 2024 seeing an unprecedented surge in rental prices and occupancy levels across the city’s top business districts, according to the latest report from Savills. The global real estate advisory...
