by Jibran Munaf | August 6, 2024 | Editorials, News, Opinion, US Elections 2024
Despite a robust economy, the Biden-Harris administration struggled to overcome perceptions of economic dissatisfaction. With recent signs of weakness in the labor market, Vice President Kamala Harris now faces a more complex economic landscape as she gears up for the...
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...
by Jibran Munaf | July 16, 2024 | Market Commentary, News
India is exploring ways to boost its exports to Russia, including by encouraging rupee-rouble trade and pushing Moscow to lift non-tariff barriers, New Delhi said on Monday, in the wake of Prime Minister Narendra Modi’s visit to Moscow. Old partners India and...
by Jibran Munaf | July 16, 2024 | Breaking, Market Commentary, News
Federal Reserve Chairman Jerome Powell said Monday he will definitely finish the full scope of his current central bank leadership term. Asked at an Economic Club of Washington, D.C. event if he will fulfill his Fed chairman term slated to end in May 2026, Powell...
by Jibran Munaf | July 11, 2024 | Economy, Expert Analysis, News
Global wealth growth rebounded by 4.2% in 2023, recovering from a 3% contraction in 2022 that was largely attributable to currency effects, particularly a strong USD. This recovery offset the previous year’s losses regardless of whether wealth was measured in...
