by Jibran Munaf | October 13, 2024 | Editorials, Stocks & Bonds
Cathie Wood, the CEO of Ark Investment Management, is known for her bold investment strategy focusing on emerging technology stocks. While she typically bets on small- and mid-cap tech companies, Wood recently made a significant move by purchasing $15 million worth of...
by Jibran Munaf | October 7, 2024 | Markets, Stocks & Bonds
Global equity markets surged on renewed confidence in the resilience of the U.S. economy and anticipation of Chinese economic stimulus measures. Asian markets saw widespread gains, while European futures pointed to a strong open following a robust U.S. jobs report....
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 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...
by Jibran Munaf | September 22, 2024 | Market Analysis & Commentary, Markets, Stocks & Bonds
Global stock markets dipped on Friday following a rally sparked by the US Federal Reserve’s decision to cut interest rates. The move, which reduced the rate by 50 basis points, initially boosted investor confidence, leading to record highs for major indices....
by Jibran Munaf | September 21, 2024 | Markets, Stocks & Bonds
The market capitalization of Arab stock exchanges rose to $4.268 trillion by the end of August 2024, marking a 0.52% growth—equivalent to $22 billion—compared to $4.246 trillion at the end of July, according to the Arab Monetary Fund’s (AMF) latest report. The...
