by Jibran Munaf | November 19, 2024 | Central Banks, Technology
The Reserve Bank of India (RBI) plans to introduce a locally-operated cloud service for financial institutions in 2025, marking a bold move to challenge global tech giants like Amazon Web Services, Microsoft Azure, and Google Cloud. The pilot program, developed in...
by Jibran Munaf | November 19, 2024 | Aviation, Travel
Dubai International Airport (DXB) is poised to achieve record-breaking annual traffic after welcoming 68.6 million guests in the first nine months of 2024, marking a 6.3% increase from the same period in 2023. The momentum carried through to the third quarter, with...
by Jibran Munaf | November 18, 2024 | Aviation
Spirit Airlines, a trailblazer in ultra-low-cost air travel in the United States, has filed for bankruptcy protection, citing prolonged financial struggles, mounting debt, and a series of operational challenges. The airline’s troubles worsened after the collapse of...
by Jibran Munaf | November 16, 2024 | Technology
Palantir Technologies’ stock soared 11% on Friday, hitting a record $65.77 per share and boosting its market capitalization to $150 billion. The surge follows the company’s announcement of its plan to switch its listing to the Nasdaq from the New York Stock...
by Jibran Munaf | November 15, 2024 | Energy
Oil prices edged lower on Friday as concerns about oversupply and a strengthening U.S. dollar overshadowed signs of stronger demand and a steep drop in U.S. fuel stockpiles. Brent crude futures fell 0.41% to $72.26 per barrel, while West Texas Intermediate (WTI) crude...
by Jibran Munaf | November 15, 2024 | Real Estate
Asteco’s Q3 2024 real estate report showcases a vibrant UAE property market, with growth trends in Abu Dhabi, sustained momentum in Dubai, and increasing activity in the Northern Emirates. Abu Dhabi: Growth Driven by Development Pipeline The capital saw the completion...
