Shares in chipmaker Intel skyrocketed on Thursday after AI giant Nvidia announced it would invest $5 billion in its struggling...
The US Federal Reserve is poised to make its first interest rate cut of 2025 on Wednesday, but it battles...
As Israel grapples with the surprise Hamas action and global community gauges economic ramifications, the future of Israel's relations with...As Israel grapples with the surprise Hamas action and global community gauges economic ramifications, the future of Israel's relations with its neighbors hangs in the balance
World Bank emphasizes the economic repercussions of the conflict, while the OECD projects Israel's 2024 GDP growth at 3.3%; Lebanon's crisis may worsen with Hizbollah's role
Marrakech, Morocco-- In spite of economic disruptions, policymakers in the GCC countries have successfully alleviated the economic ramifications of the...The secretary general was speaking at the Arab governors' meeting with the President of the World Bank Group, Ajay Banga, in Morocco
He warned that economic challenges present a risk to the mutual objective of a poverty-free world characterised by sustainable development
- Dubai's fintech expansion, the enticing Golden Visa program, competitive tax structures, a talented workforce, and a robust real estate sector...
Strategic location, innovative free zones, and business-friendly policies help Dubai beckon global entrepreneurs, startups, and financial giants to be part of its journey
Fintech growth, the Golden Visa program, competitive tax rates, a skilled workforce, and a thriving real estate market increase the emirate's global appeal
- As Israel grapples with the surprise Hamas action and global community gauges economic ramifications, the future of Israel's relations with...
As Israel grapples with the surprise Hamas action and global community gauges economic ramifications, the future of Israel's relations with its neighbors hangs in the balance
World Bank emphasizes the economic repercussions of the conflict, while the OECD projects Israel's 2024 GDP growth at 3.3%; Lebanon's crisis may worsen with Hizbollah's role
DUBAI, UAE: DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has...The partnership compliments DMCC’s existing offerings and collaborations by increasing its members’ ability to develop their concepts using Solana.
Through this collaboration, Solana will offer technical and business development support to DMCC Crypto Centre members.
Riyadh, Saudi Arabia -- Saudi Arabia's Consumer Price Index (CPI) increased by 1.7 percent in September 2023, compared to September...CPI measures the prices paid by consumers for a fixed basket of goods and services consisting of 490 items. The prices are collected through field visits to points of sale.
Saudi Arabia's economy is in a state of prosperity and growth, and that the kingdom's fiscal position is strong, the IMF said recently.
DUBAI, UAE – The Emirate's economy grew 3.2 percent in H1 2023 to reach US$60.9 billion (AED223.8 billion). The performance...Trade activities achieved an added value of US$14.5 billion in H1 2023, growing by 1.7 percent compared to the same period in 2022.
Trade activities are vital for Dubai’s economy and for the wider region, as they effectively contribute to sustainability and economic prosperity.
- Marrakech, Morocco-- The UAE has allotted $200 million to the Poverty Reduction and Growth Trust (PRGT) to expand concessional financing...
The minister made the announcement during the International Monetary and Financial Committee (IMFC) gathering in Marrakech
The allotment of money aligns with the UAE’s efforts to realize the United Nations’ Sustainable Development Goal to eradicate poverty
- "World peace and security, along with social, economic, and political stability, hinge on two pivotal factors: addressing climate issues and...
The UAE is actively supporting global efforts to mitigate the effects of climate change at both regional and international levels
World peace, security and stability hinge on addressing climate issues and investing in clean and renewable energy sources
- The IMF announced member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a third...
The quotas, which are based on the size of a country's economy, determine how much funding a nation should provide to the IMF.
IMF chief Kristalina Georgieva and World Bank President Ajay Banga used this week's meetings to urge members to step up funding.
