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 | Economy
The Federal Reserve is poised to announce a likely interest rate cut on Thursday, spurred by cooling inflation and a labor market slowdown. However, another, subtler factor—tight credit conditions—may also support the move, as strict lending standards have curbed...
by Jibran Munaf | November 7, 2024 | Economy
Despite a quieter third quarter, the GCC’s initial public offering (IPO) landscape is expected to remain robust through the end of 2024, according to PwC’s Middle East Capital Markets Leader, Muhammad Hassan. Companies from various sectors across the region are...
by Jibran Munaf | November 6, 2024 | Economy
As election day unfolds, American voters are not just deciding their next leader but also the potential future of tax policies that could significantly impact investors and taxpayers alike. The Tax Cuts and Jobs Act of 2017 (TCJA), enacted under former President...
by Jibran Munaf | November 5, 2024 | Economy
With Election Day here, the U.S. market is bracing for significant shifts, as the contest between Donald Trump and Kamala Harris has investors speculating about the future of key sectors. Analysts say that a contested election could create immediate instability for...
by Alifiya H Ujjainwala | November 5, 2024 | Economy, News
A recent study suggests that hiring in the UAE is expected to rise next year, driven by business growth and increased clarity following elections in the US and India. 63% of UAE business leaders anticipate an increase in their workforce over the next 12 months....
