The financial and insurance sector saw a 5.6% rise, reaching USD 4.1 billion (AED 15.1 billion), supported by significant growth...
Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut...
Qatar’s Total Broad Money Supply (M2) recorded about QR 675.1 billion ($185.4bn) during June 2022, marking an increase of 9.3...Cash equivalents; including Commercial Bank Deposits, attained for approximately QR 984 billion during June 2022.
The report noted the increase in deposits and credit facilities for commercial banks at a monthly rate of 1.7 percent and 0.7 percent.
UAE’s publishing sector has grown by 150 percent during the current decade and it will reach $650 million in 2030,...UAE’s publishing sector has grown by 150 percent during the current decade and it will reach $650 million in 2030.
The global media and entertainment services sector will reach $2.4 trillion in 2023.
The official annual rate of consumer price increases reached 79.6 percent in July compared to 78.6 percent in June. Turkey...Turkey now has a real interest rate of negative 64.4 percent the lowest in the world by a substantial margin.
This means that Turks have a strong incentive to spend as much as they can before their liras lose even more value.
Dubai is already home to more than 1,000 companies in the metaverse and blockchain sector.Dubai is already home to more than 1,000 companies in the metaverse and blockchain sector
The DMS aims to support more than 40,000 virtual jobs and add $4 billion to Dubai’s economy
A US central bank official still sees hope for the US and EU to avoid recession and achieve a soft...James Bullard said at New York Univeristy that a soft landing is feasible in the US and the EA (euro area)
US inflation hit 9.1 percent in June, the highest in four decades
The Ministry of Climate Change and Environment (MoCCAE) and Emirates Development Bank (EDB) have joined hands to set up a...The partnership will contribute to the UAE’s sustainable economic development and food security
The MoU aligns with ministry's endeavors to scale up local agricultural production to increase the sector’s role in strengthening the country’s food security
The trip by Pelosi, who is second in line to the presidency and the highest-profile elected US official to visit...The trip by Pelosi, who is second in line to the presidency and the highest-profile elected US official to visit Taiwan in 25 years, has ignited a diplomatic firestorm
China's Customs Administration said Wednesday it would suspend some citrus fruits and fish imports from Taiwan
Canal Authority Chairman Osama Rabea said that the Canal reached its highest monthly transit rate of 2,103 ships, as well...Canal Authority Chairman Osama Rabea said that the Canal reached its highest monthly transit rate of 2,103 ships, as well as monthly net tonnage of 125.1 million tonnes
Rabie attributed the big leap in the revenues to the rise in the number and tonnage of ships transiting the canal during 2021-2022
After cutting production in 2020 in response to falling prices during the Covid pandemic, OPEC+ began to modestly raise production...Craig Erlam, analyst at OANDA trading platform, said the OPEC+ meeting will show whether "President Biden has any influence in the cartel at all."
Biden made a controversial trip to Saudi Arabia in July in part to convince the kingdom to loosen the production taps to stabilise the market and curb rampant inflation
The Central Bank of the UAE (CBUAE) has issued new guidance on Anti-Money Laundering and Combating the Financing of Terrorism...The guidance will help Licensed Financial Institutions understand risks and effective implementation of anti-money laundering and terror financing guidelines.
The guidance requires LFI’s to demonstrate compliance with its requirements within one month.
