by Jibran Munaf | August 28, 2024 | Corporate Finance, News
Majid Al Futtaim has announced a net profit of Dhs1.6 billion for the first half of 2024, despite facing a challenging macroeconomic environment characterized by regional geopolitical conflicts and foreign exchange devaluations. The group’s assets saw a 2%...
by Jibran Munaf | August 28, 2024 | Corporate Finance, News
Apple Inc. has announced that Kevan Parekh, an Indian-origin executive, will be stepping into the role of Chief Financial Officer (CFO) starting January 2025. Parekh, who is currently the Vice-President of Financial Planning and Analysis at Apple, will succeed Luca...
by Jibran Munaf | August 28, 2024 | Currencies, Finance, Market Analysis & Commentary, Markets, Stocks & Bonds
Global stock markets hovered near record highs on Wednesday as investors awaited crucial earnings results from Nvidia, a key player in the semiconductor industry. Meanwhile, the British pound reached a 2.5-year high as traders speculated that the Bank of England would...
by Jennifer George | August 27, 2024 | Finance, Financial Education & Literacy, Personal Finance, Trending Now, Wealth Management
In the 2023 Global Gender Gap Index, the UAE emerged as one of leading countries with the highest gender parity in the world. Global gender statistics and research focus on key socio-economic indicators that quantify the extent of a level playing field for both...
by Jibran Munaf | August 27, 2024 | Banking, Financial Education & Literacy, News
Mashreq Bank, has announced the launch of its new graduate programme, ‘Pathfinders’. This initiative is designed to provide Emirati fresh graduates with specialized training and development opportunities tailored to the specific needs of various business...
by Jibran Munaf | August 27, 2024 | Corporate Finance, News
Shares of PDD Holdings, the parent company of online retailer Temu, experienced a significant decline of 28.57% on Monday, marking their largest single-day drop since the company’s Nasdaq listing. The steep fall followed a disappointing second-quarter earnings report...
