In an interview with TRENDS, Josh Lerner says Gulf economies pursuing diversification must recognize that transformation takes time, patience, and...
Titled Creative Futures: The Springboard for Sustained Economic Growth and Diversification, the report argues that cultural and creative industries —...
With tensions soaring in the Middle East, the United States says that Iran along with its proxies might attack Israel...Iran and its Lebanese ally Hezbollah have vowed revenge for the killings of Ismail Haniyeh and Fuad Shukr
The White House warned that a "significant set of attacks" by Iran and its proxies was possible as soon as this week
Saudi Arabia announced new business regulations aimed at boosting transparency and easing the process of investing in the kingdom as...Update will replace the current licensing process in 2025
Kingdom wants to hit $100 billion of FDI annually by 2030
Cryptocurrencies reeled from a bout of risk aversion in global markets on Monday, at one point sending Bitcoin down more...Bitcoin traded 8.5% lower at below $54,000at $54,000 at time of publishing
About $700 million of bullish crypto positions using derivatives were liquidated in the past 24 hours
The Federal Reserve kept its key interest rate at 5.25% to 5.5%, citing “some further progress” toward its 2% inflation...Central bank’s economic forecasts do not take into account who wins the presidency.
Powell seemed to rule out the likelihood of a 50 basis-point rate cut
- Dubai, UAE - Dubai has reinforced its position as a global tourism leader by welcoming a record 9.31 million international...
In 2023, Dubai hosted 17.15 million international overnight visitors, and the city has maintained its strong tourism momentum into 2024
The growth in the first six months of this year suggests that Dubai is on track for a record-breaking performance
Dubai, Saudi Arabia - Dubai Financial Market (DFM) today announced its consolidated financial results for the period ended June 30,...The first half of 2024 saw an increase in trading activity, higher trade values, and a wave of new investors
Market capitalization of DFM listed companies stands at AED 679 billion (USD 184.8 billion) in the period
- New Delhi, UAE - The number of Indians living in the Gulf Cooperation Council (GCC) countries has crossed nine million,...
Indians are employed in a wide range of professions from highly qualified fintech, healthcare, information technology, engineering and banking to blue collar jobs
Within the GCC, the most popular destination for Indian job seekers is the UAE, which hosts 3.55 million Indians, followed by Saudi Arabia, with 2.64 million Indians
Asian traders struggled to fight back Friday after a tech-fuelled sell-off, taking heart from forecast-beating US growth data that reassured...Figures showing the US economy expanded far more than expected in the second quarter
Attention now turns to personal US consumption expenditure figures, due later today
- The financial and insurance sector saw a 5.6% rise, reaching USD 4.1 billion (AED 15.1 billion), supported by significant growth...
The transportation and storage sector grew by 5.6 percent, contributing USD 4.2 billion (AED 15.4 billion) to the GDP, driven by increased demand for national carriers' services
The financial and insurance sector also saw a 5.6 percent rise, reaching USD 4.1 billion (AED 15.1 billion), supported by significant growth in credit and deposit balances
- Asian markets fell Monday as Joe Biden's decision to drop out of the US presidential race fuelled fresh uncertainty, while...
Traders appeared to be unmoved by China's decision to cut interest rates
Developments out of Washington overshadowed optimism that the FED will cut interest rates as soon as September
