by Jibran Munaf | August 19, 2024 | Economy, Market Commentary, Markets, News
The pan-European Stoxx 600 index was up 0.27% by 12:47 p.m. London time, with the majority of sectors and major bourses trading in the green. Food and beverage stocks led losses, down 0.21%, while retail climbed 1.16%. Rheinmetall shares fell as much as 5% on reports...
by Jibran Munaf | August 17, 2024 | Editorials, Market Commentary, News, Trending Now
Streaming is finally starting to pay off for media companies, but there’s a catch — to get there, consumers are facing higher subscription costs and increasingly frequent price hikes. Legacy media companies entered the streaming market with a focus on gaining...
by Jibran Munaf | August 16, 2024 | Market Analysis & Commentary, Market Commentary, News, Retail
Retail spending in the GCC is projected to increase by 37% from 2022 levels, reaching $300 billion by 2028. Cities in the region are emerging as top global shopping destinations, with Dubai leading the way. Dubai is the only GCC city among the six top global retail...
by Jibran Munaf | August 15, 2024 | Finance, Market Commentary, News, Stocks & Bonds
Initial public offerings (IPOs) in the UAE markets raised US$890 million in the second quarter (Q2) of this year, according to a recent economic report. The PwC Middle East’s latest IPO+ Watch said that notable IPOs in the second quarter included Alef Education...
by Jibran Munaf | August 14, 2024 | Banking, Market Commentary, News, Trending Now
India’s banking sector is experiencing a significant exodus of employees as the industry expands into new geographies and businesses, fueled by a nationwide credit boom and robust economic growth. However, the pressure to deliver results has led to one of the...
by Jibran Munaf | August 13, 2024 | Expert Analysis, Market Analysis & Commentary, Market Commentary, Markets, News
Veteran investor David Roche anticipates a bear market in 2025, driven by smaller-than-expected rate cuts, a decelerating U.S. economy, and an artificial intelligence bubble. “I think [a bear market] is probably coming, but probably in 2025. We now know what will...
