Oil prices have experienced choppy trading since the surprise US raid Saturday on Caracas that saw Venezuelan president Nicolas Maduro...
Beijing, China -- China will on January 1 launch an "action plan" for boosting management and operations of its digital...
Factors such as increased foreign investment, ambitious urban projects, and favorable regulatory reforms are expected to propel the real estate...Factors such as increased foreign investment, ambitious urban projects, and favorable regulatory reforms are expected to propel the real estate market forward
As the UAE continues to strengthen its economic diversification efforts, the real estate sector remains a cornerstone of stability and growth
Dubai’s Roads and Transport Authority (RTA) has started the study and design of Phase II of ITS Improvement and Expansion...This phase to cover 100 percent of Dubai's main roads, adopt latest smart technologies and software
The project has improved incident monitoring by 63 percent, reduced response times by 30 percent
The country has risen to the 7th spot in the IMD World Competitiveness Ranking, highlighting its robust economic growth, strategic...The assessment, based on comprehensive factors including GDP, productivity, political stability, social cohesion, and cultural impact, underscores the UAE's robust economic growth
Over the past year, the UAE has made significant strides in bolstering its economic foundations, supported by proactive government policies and strategic investments
The Central Bank of the UAE (CBUAE) and Qatar Central Bank (QCB) have decided to keep interest rates unchanged, following...The US Fed funds rate was maintained at the 5.25% - 5.50% range
The US Consumer Price Index (CPI) showed no increase in May
At least 50 semiconductor design companies will be established in Saudi Arabia by 2030 after a new initiative was launched to develop...To be supported by deep tech venture capital fund that exceeds $266 million
Hub is a strategic effort to establish a semiconductor design industry ecosystem in Saudi worth SR50 billion
- Political and business leaders in the Arabian Gulf region push for sustainability agenda to secure clean environment for the future...
"In the case of climate, we are not the dinosaurs. We are the meteor. We are not only in danger. We are the danger", says UN chief
Sheikh Mohammed bin Rashid says: "We renew our call to the younger generations to make all efforts to ensure its [environment's] sustainability."
- Geneva, Switzerland – The latest Chief Economists Outlook released on May 29 presents a growing sense of cautious optimism about...
The survey reveals a boost in the outlook for the US, where nearly all chief economists (97%) now expect moderate to strong growth this year, up from 59% in January
Expectations for China are slightly less optimistic, with three-quarters expecting moderate growth and only 4% predicting strong growth this year
Cairo, Egypt - Egypt's cabinet decided Wednesday to raise the price of subsidized bread for the first time in 30 years,...The price of a loaf, long set at five piastres ($0.001), would quadruple to 20 piastres ($0.004) from June 1, Prime Minister Mostafa Madbouly told a news conference
Madbouly acknowledged the move would be unpopular but emphasised the need to "rationalise the burden on the state treasury to ensure the sustainability of subsidies."
- Federal Reserve official Neel Kashkari has reiterated the Fed’s wait-and-see approach about possible rate cuts. In a recent interview on CNBC, Kashkari, who serves...
The labor market remains strong in the U.S.
The consensus is that the first rate cut won’t arrive before September
- For the second consecutive year, the Middle East is the fastest-growing real-time payments market globally, according to the 2024 Prime...
The region saw a remarkable YoY growth of 33.6% in 2023 with 855 million real-time payment transactions
Transaction value in the Middle East is projected to rise from US$230 billion in 2023 to US$903 billion by 2028
