by Jibran Munaf | September 21, 2024 | Economy
Scott Livermore, Chief Economist at Oxford Economics Middle East, predicts that the UAE’s economy will grow by 4.8% in 2025, reflecting robust growth in non-oil sectors like travel and tourism, which are set to fuel the nation’s expansion. Speaking to Emirates...
by Jibran Munaf | September 21, 2024 | Economy
Deal activity in the Middle East and Africa (MEA) fell by 10.4% in the first eight months of 2024, reflecting growing uncertainty in the global economic landscape, according to a report by data and analytics firm GlobalData. The decline mirrors a broader downturn in...
by Jennifer George | September 19, 2024 | Banking, Economy, News, Regulations
On Wednesday, the US Federal Reserve lowered its benchmark interest rate by half a percentage point, aggressively initiating a policy shift to bolster the US labor market. The Fed slashed rates by 50 basis points from the current 23-year high of between 5.25% and...
by Jennifer George | September 18, 2024 | Economy, News, Technology
A recent survey conducted by Capital.com, a global trading platform, has revealed that the UAE is rapidly gaining recognition as a competitive tech hub. The survey polled 1,000 respondents across Singapore, Hong Kong, Vietnam, and India, and found that 81% of Asian...
by Jennifer George | September 18, 2024 | Economy, News
The UAE has launched an ambitious “Invest in the Emirates” campaign, extending a global invitation to the world’s top innovators, talents, and entrepreneurs to explore the unparalleled opportunities within the country’s dynamic business landscape. The...
by Vasu Jit Kalia | September 17, 2024 | Economy
As per the directive given by Saudi Crown Prince Mohammed bin Salman, his country’s sovereign wealth fund, the Public Investment Fund (PIF), will be investing $5 billion into Egypt in a first investment phase. The move comes after the Saudi Crown Prince met with...