by Jibran Munaf | August 16, 2024 | Economy, News, Real Estate
Dubai’s inflation rate slowed to 3.32% in July, its lowest so far this year, despite high housing costs in the emirate. Housing, utilities, and fuels, which account for over 40% of the consumer price index, rose 6.76% year-on-year in July, the highest increase this...
by Jibran Munaf | August 15, 2024 | Currencies, Economy, Finance, Markets, News
The dollar lost ground against its major peers on Wednesday, helping the euro to an eight-month peak, as the U.S. Consumer Price Index (CPI) showed inflation is subsiding, reinforcing expectations that Federal Reserve interest rate cuts are near. U.S. CPI rose...
by Jibran Munaf | August 15, 2024 | Breaking, Economy, Finance, News
Powered by a vibrant non-oil sector, the economy of the UAE, the second largest in the Arab world, continues to demonstrate robust growth, the Organisation of the Petroleum Countries (Opec) said. The UAE’s robust economic policies and strategic international...
by Jennifer George | August 14, 2024 | Economy, News, Trending Now
A recent analysis by the Dubai Chamber of Commerce highlighted that Indian investors top the list of nationalities that have joined the chamber within the first half of 2024. 7,860 new companies with Indian founders have recently registered operations in Dubai,...
by Jibran Munaf | August 14, 2024 | Economy, Editorials, Expert Analysis, News
Until a week ago, Bangladesh, a nation of 171 million was under the firm grip of Prime Minister Sheikh Hasina and her Awami League. Her increasingly autocratic governance stifled discussion of change even as cracks in the country’s economic model began to...
by Jibran Munaf | August 14, 2024 | Breaking, Currency Markets Analysis, Economy, Finance, Market Analysis & Commentary, Markets, News, Stocks & Bonds
Stocks rallied across the board, with the Dow, S&P 500, and Nasdaq Composite all posting gains after weak Producer Price Index (PPI) inflation data. The technology sector led the charge as the first of two closely watched inflation reports came in weaker than...
