by Priyanka Sharma | October 14, 2024 | Economy
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has issued Law No. (14) of 2024 pertaining to the Supreme Legislation Committee in Dubai. The Law outlines the objectives and duties of the Supreme Legislation...
by Jennifer George | October 14, 2024 | Central Banks, Cryptocurrencies, Currencies, Economy, News
On October 14, AED Stablecoin LLC secured in-principle approval from the Central Bank of the UAE to launch and establish its stable digital currency, AE Coin. Under the “Payment Token Services Regulation” (Circular No. 2/2024), issued on June 7, 2024, the Central Bank...
by Jennifer George | October 13, 2024 | Coverage, Cryptocurrencies, Currencies, Economy, Financial Services, Fintech, Gitex 2024, Industry, News, Startups, Technology
GITEX GLOBAL, the world’s largest tech and startup event, takes center stage in the UAE next week with this year’s 44th edition destined to redefine the world’s digital economy and AI ecosystem. Held at Dubai World Trade Centre (DWTC) from 14-18 October, the...
by Jibran Munaf | October 13, 2024 | Economy
The International Monetary Fund (IMF) has recommended that Turkey continue its strict, data-driven monetary policy until inflation aligns with the country’s target, following an Article IV consultation. In a statement released on Saturday, the IMF highlighted...
by Jibran Munaf | October 12, 2024 | Economy
Recent inflation data suggests that the Federal Reserve may be nearing its goal of a 2% inflation rate, coming on the heels of the central bank’s significant interest rate cut just weeks ago. Both the consumer price index (CPI) and the producer price index (PPI)...
by Jibran Munaf | October 12, 2024 | Economy
US consumer prices increased slightly more than anticipated in September, driven by rising food costs, although annual inflation saw its smallest increase in over three-and-a-half years. This supports the Federal Reserve’s trajectory for another interest rate...
