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...
by Jibran Munaf | November 7, 2024 | News
Dubai Taxi Company (DTC) has reported strong financial performance for the first nine months of 2024, achieving a 20% year-on-year increase in EBITDA, which reached AED 432.2 million. The growth was driven by a 13% rise in revenue, bringing total revenue to AED 1.6...
by Jibran Munaf | November 7, 2024 | Technology
The Gulf Cooperation Council (GCC) region is setting a global benchmark in generative artificial intelligence (GenAI) adoption, with the technology poised to add up to $35 billion per year to GCC economies, representing approximately 2.3% of the region’s GDP,...
by Jibran Munaf | November 7, 2024 | Aviation
The Emirates Group has posted its highest-ever half-year financial results, achieving a profit before tax of AED10.4 billion for the first six months of the 2024-25 financial year. This figure surpasses the Group’s record performance in the same period last year,...
