The generational digital divide is fading among UAE investors, eToro findsÂ
76% of younger investors and 75% of older investors have acted on a recommendation by an AI engine
UAE Central Bank to hold rate after Fed pause amid regional tensions
Fed Chair Jerome Powell signalled a cautious approach, noting that elevated energy prices and geopolitical tensions could complicate the inflation...
Economy
Business
Fifth France-Arab Summit: Forging partnerships for a sustainable tomorrow
As the world grapples with uncertainty, the summit offers a much-needed space for cooperation and innovation, led by the Franco-Arab...
- The event, under the high patronage of French President Emmanuel Macron, brings together governments, businesses, and visionaries
- By working together, France and the Arab world have the opportunity to shape the future
ECB to cut rates again amid bleak eurozone outlook
The European Central Bank is expected to cut interest rates again this week amid a darkening outlook, with political turbulence...
- The central bank hiked rates aggressively from mid-2022 to tame surging energy and food costs
- Eurozone's anaemic growth rates are weighing down the broader single currency area
World Bank announces record $100 bn support for world’s poorest countries
The World Bank announced Thursday that it had raised close to $24 billion to provide loans and grants for some...
- The Bank can use this money to borrow on financial markets
- This funding will be deployed to support the 78 countries that need it most
OPEC+ expected to extend oil supply cuts to avoid drop in prices
Without a new agreement, the eight countries which have been making voluntary additional production cuts of 2.2 million barrels per...
- The supply cuts are only having a muted impact on the market, with US president-elect Donald Trump expected to adopt policies to boost US oil output
- OPEC+ nations are holding back six million barrels of oil a day, including the 2.2 million barrels a day of output that they have been discussing putting back on the market
Seoul stocks sink amid S. Korea drama as Asian markets struggle
South Korean stocks sank more than two percent Wednesday while the won rebounded from earlier losses after President Yoon Suk...
- The Kospi index shed as much as 2.3 percent at the open
- The won tumbled more than three percent to a two-year low of 1,444 per dollar
Economy
Non-oil sectors drive robust growth in GCC countries, says World Bank report
While developing countries paid a record US$1.4 trillion to service debts, the non-oil sectors in the GCC countries are fueling...
- "The [GCC] region has shown remarkable resilience in the face of global disruptions, moving steadily on their diversification agenda."
- Saudi Arabia's growth is expected to accelerate to an average of 4.7 percent in 2025-2026 as oil production increases.
Desertification talks open in Saudi Arabia as experts fire warning
UN talks aimed at halting the degradation and desertification of vast swathes of land start in Saudi Arabia. Forest loss...
- 3.7 billion acres must be restored by decade's end to combat crises
- Forest loss and degraded soils were reducing resilience to climate change and biodiversity loss
How city governments can foster tech-sector growth without breaking the bank
City governments are usually equipped to promote their cities through websites, newsletters, communications, as well as hosting delegations visiting from...
- City governments are uniquely positioned to support startup ecosystems through a range of low-cost, high-impact methods
- The success of a startup ecosystem is built on the strength of connections that exist between the various organisations and people within it
Trump threatens 100% tariff on BRICS countries over currency plans
Washington, United States - President-elect Donald Trump on Monday threatened to impose a 100 percent tariff on the BRICS group nations...
- The statement comes after a BRICS summit held last month in Kazan, Russia, where the countries discussed boosting non-dollar transactions and strengthening local currencies
- The BRICS group has expanded significantly since its inception in 2009, and now includes countries such as Iran, Egypt and the United Arab Emirates
Car-centric Saudi to open first part of Riyadh Metro
Riyadh, Saudi Arabia - Saudi Arabia announced Wednesday it is ready to open the first part of the Riyadh Metro,...
- Services will be provided by 183 trains with 448 carriages manufactured by Siemens of Germany, Bombardier of Canada and Alstom of France
- The official Saudi Press Agency published a photograph of King Salman, who served as governor of Riyadh for nearly half a century, formally declaring that the project open
The generational digital divide is fading among UAE investors, eToro findsÂ
76% of younger investors and 75% of older investors have acted on a recommendation by an AI engine
Company News
Latest News
WEF’s Dubai Summit tackles existential digital risks
DUBAI, UAE – A powerful confluence of more than 500 experts and 150 cybersecurity leaders has converged in Dubai for...
Business
Nobel economist warns of AI dangers amid “amazing possibilities”
Washington, United States - A winner of this year’s Nobel prize in economics warned Monday that artificial intelligence offers "amazing...
Economy
As Trump mulls imposing additional 100% tariff, China says will ‘fight to the end’ in trade war
China said on Tuesday it was ready to "fight to the end" in a trade war with the United States...
Economy
Most Read
Geostrategy
China accuses US of ‘double standards’ over new tariffs threat
Beijing, China -- China accused the United States of "double standards" on Sunday, after President Donald Trump threatened an additional...
- China said on Friday that it would impose "special port fees" on ships operated by and built in the US, calling it a "defensive action."
- The US leader also threatened to pull out of a mooted meeting with Xi at the Asia-Pacific Economic Cooperation summit in South Korea.
Economy
Trump says no reason to meet Xi, threatens ‘massive’ China tariffs
US President Donald Trump said Friday he no longer feels the need for a summit with Chinese leader Xi Jinping...
- In a lengthy and unexpected Truth Social post, Trump railed against China imposing export controls on rare earth minerals -- a critical component in modern technology
- "Some very strange things are happening in China! They are becoming very hostile," Trump said in the post, which he sent as he headed for medical check-up at a military hospital
Business
Silver price hits decades high as gold rush eases
Stock markets, meanwhile, were mixed as traders weighed a slew of issues: massive AI investments, corporate results, US interest rates,...
- The price of silver topped $50 an ounce for the first time since 1993 in the wake of sister safe-haven gold soaring to record highs.
- The metal hit $50.1900, while gold retreated after hitting a record above $4,000 an ounce on Wednesday.