by Jibran Munaf | June 21, 2024 | Breaking, Economy, Finance
Despite slowing inflation, the BoE maintains key interest rate at 5.25% ahead of the general election The Bank of England (BoE) decided on Thursday to keep its key interest rate at a 16-year high of 5.25%, despite a slowdown in UK inflation. This move comes ahead of...
by Jibran Munaf | June 20, 2024 | Banking, Currencies, Economy, Finance, News
Investors await central bank decisions from the UK, Switzerland, and Norway amidst steady currency movements The British pound held broadly steady on Thursday as markets awaited a rate decision from the Bank of England (BoE) later in the day. The dollar was similarly...
by Jibran Munaf | June 20, 2024 | Breaking, Finance, News
Demand for high-yield products and shadow banking growth bring back intricate financial products Earlier this year, Bayview Asset Management structured two trades totaling $642 million, reminiscent of financial instruments last seen during the 2008 crisis. This hedge...
by Jibran Munaf | June 20, 2024 | Breaking, Economy, Finance, News
Consistent leadership in regional capital inflow, contributing $1.67 billion year-to-date The UAE continues to dominate the Gulf Cooperation Council (GCC) in foreign capital inflows, registering a net influx of $680.4 million in May 2024. This marks a significant...
by Jibran Munaf | June 19, 2024 | Breaking, Corporate Finance, Finance, Industry, News, Technology
Artificial Intelligence Surge Pushes U.S. Chip Maker to $3.3 Trillion Market Cap Nvidia’s unstoppable ascent in the stock market has crowned the semiconductor giant as the world’s most valuable company, surpassing tech behemoths Microsoft and Apple. The...
by Admin | May 12, 2024 | Finance
The Central Bank of the UAE (CBUAE) and Bank Indonesia have signed a Memorandum of Understanding supporting the steady growth of trade relations between the two countries. The partnership aims to foster economic growth through a framework that promotes the use of...
