by Jennifer George | September 30, 2024 | Economy, Finance, Markets, News
With the November presidential elections right around the corner, the American business community has cast its initial predictions on who will sit at the helm of the US in a new term. According to the 2024 UBS Investor Watch survey, 57% of wealthy investors plan to...
by Jibran Munaf | September 28, 2024 | Markets
The stock market ended the week on a positive note, with the Dow Jones Industrial Average (^DJI) gaining 0.3% and hitting a fresh record high on Friday. Despite mixed trading across other indexes, investor optimism remained high as inflation data signaled a potential...
by Jibran Munaf | September 27, 2024 | Markets, Stocks & Bonds
Chinese stocks posted their strongest week in nearly 16 years, with the CSI 300 index climbing 15.7% amid sweeping economic stimulus measures from the central bank. This marks the best weekly performance for the index since November 2008. Hong Kong’s Hang Seng Index...
by Jibran Munaf | September 27, 2024 | Markets
Abu Dhabi-based ADQ has announced the successful pricing of its second bond issuance, totaling $2 billion, which will be listed on the London Stock Exchange (LSE). This follows the company’s debt capital market debut earlier in May 2024 and marks a significant step in...
by Jennifer George | September 26, 2024 | Economy, Markets, News, Regulations
Shortly after the Chinese government announced a slew of economic stimuli to resuscitate the economy, a new form of aid has been established. China is set to offer cash handouts to “extremely poor people, orphans, and other needy people.” On Wednesday,...
by Jennifer George | September 23, 2024 | Banking, Central Banks, Stocks & Bonds
The Central Bank of Egypt has decided to offer a stake in United Bank’s (UB) shares on the Egyptian Stock Exchange and is currently working on obtaining the required approvals related to the offering, including the approvals of the Financial Regulatory Authority and...
