by Jibran Munaf | August 6, 2024 | Editorials, Finance, Market Commentary, News
The UAE boasts a staggering $996 billion in private wealth, as of June 2024, with the number of high-net-worth individuals expected to rise by 40% by 2031. Hedge fund operators, in search of stable environments and agile regulations, are increasingly gravitating...
by Jibran Munaf | August 6, 2024 | Finance, News, Trending Now
Oman is expected to roll out personal income tax, making it the first country in the GCC to do so, sometime next year. This comes after the kingdom’s Shura Council advanced the draft law to the State Council. Since the bill is nearing the end of its legislative...
by Vasu Jit Kalia | August 2, 2024 | Insurance
ABU DHABI, 31st July, 2024 (WAM) — Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a cooperation agreement with the International Development Bank (IDB), the largest banking network in Iraq, to support the ‘Xport Xponential’...
by Jennifer George | July 29, 2024 | Banking, Industry, News, Technology, Wealth Management
JPMorgan Chase CEO Jamie Dimon acknowledges that AI has taken over every facet of our lives and will transform the way we work. To capitalize on the AI wave, the bank has introduced a generative AI tool that “can offer information, solutions, and advice on a...
by Jibran Munaf | July 16, 2024 | Finance, News
Federal Reserve Chair Jerome Powell on Monday kicks off what is shaping up as a key week of commentary from U.S. central bank officials, taking stock of slowed inflation and mulling whether to signal the start of interest rate cuts because of it. The Fed meets July...
by Jibran Munaf | July 12, 2024 | Corporate Finance, News
Intel’s strategic push into software is progressing well, with the company aiming for cumulative software revenue of $1 billion by the end of 2027, Chief Technology Officer Greg Lavender told Reuters. Intel generated over $100 million in software revenue in...
