by Jibran Munaf | August 12, 2024 | Expert Analysis, Market Commentary, News
Hindenburg Research, known for its investigative reports on corporate malfeasance, released a new report on Saturday alleging that the Securities and Exchange Board of India (SEBI) did not act on its 2023 claims against the Adani Group due to conflicts of interest...
by Jibran Munaf | August 12, 2024 | Expert Analysis, Market Commentary, News, Real Estate
Residential demand in Dubai saw a significant boost in July, with more than 15,300 units worth AED40.5 billion ($11.03 billion) transacted across the city, according to Emirates NBD Research. Strong Demand for Off-Plan Units The demand for off-plan units has remained...
by Jibran Munaf | August 10, 2024 | Finance, Market Commentary, Markets, News
Stocks ticked up Friday as the stock market built on its incredible comeback from Monday’s violent rout. The broad market index ended the week just shy of completely reversing its weekly losses. The S&P 500 advanced 0.47% to finish at 5,344.16. The Nasdaq...
by Jibran Munaf | August 8, 2024 | Economy, Market Commentary, News, Trending Now
JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a “soft landing” for the U.S. economy are around 35% to 40%, making a recession the most likely scenario in his view. When asked by CNBC’s Leslie Picker if he had...
by Jibran Munaf | August 6, 2024 | Editorials, Finance, Market Commentary, News
The UAE boasts a staggering $996 billion in private wealth, as of June 2024, with the number of high-net-worth individuals expected to rise by 40% by 2031. Hedge fund operators, in search of stable environments and agile regulations, are increasingly gravitating...
by Jibran Munaf | July 17, 2024 | Commodities, Market Commentary, News
Gold hit another record as traders placed stronger bets on Federal Reserve rate cuts this year and weighed an uncertain outlook for US politics. Bullion advanced in Asia hours to touch an all-time high of $2,475.81 an ounce on Tuesday, following a 1.9% jump in the...
