by Jibran Munaf | November 15, 2024 | Currencies
The U.S. dollar surged to a one-year high on Friday, poised for its strongest weekly gain since September, buoyed by diminished expectations for Federal Reserve rate cuts and anticipation of inflationary pressures from President-elect Donald Trump’s proposed...
by Jibran Munaf | November 15, 2024 | News
Dubai Taxi Company PJSC (DTC) has added 250 new license plates from the latest RTA auction, growing its total fleet to 6,210 vehicles. This expansion, valued at AED85 million ($23.14 million) in additional annual revenue, will be exclusively allocated for electric...
by Jibran Munaf | November 15, 2024 | Real Estate
Asteco’s Q3 2024 real estate report showcases a vibrant UAE property market, with growth trends in Abu Dhabi, sustained momentum in Dubai, and increasing activity in the Northern Emirates. Abu Dhabi: Growth Driven by Development Pipeline The capital saw the completion...
by Jibran Munaf | November 15, 2024 | Retail
Lulu Retail Holdings Plc’s shares closed flat at AED2.04 in their debut on the Abu Dhabi Securities Exchange (ADX) following a highly anticipated IPO that raised $1.72 billion. Despite the IPO’s oversubscription—exceeding AED135 billion in demand from...
by Jibran Munaf | November 15, 2024 | Markets
Asian markets showed mixed movements on Friday, influenced by new economic data from China and Japan as well as a drop on Wall Street. Federal Reserve Chair Jerome Powell’s comments about taking a cautious approach to rate cuts amid strong U.S. growth added to...
