Browsing: Business

MENA Newswire News Desk: The Federal Reserve on Wednesday cut its benchmark interest rate by half a percentage point, marking the first reduction since the Covid pandemic. The Federal Open Market Committee’s decision to lower rates came as inflation showed

MENA Newswire News Desk: Moody’s Ratings has projected robust growth for Islamic banking in the Gulf Cooperation Council (GCC) over the next 12 to 18 months, predicting that the sector will outperform conventional banking in profitability. The report emphasizes that Islamic

MENA Newswire News Desk: The Korean economy is showing solid signs of recovery, bolstered by strong exports and moderating inflation, according to the Ministry of Economy and Finance’s latest monthly report, The Green Book. The ministry’s analysis, released on Friday,

MENA Newswire News Desk: The UBS Global Wealth Report 2024 offers an in-depth exploration of the evolving dynamics of global wealth, capturing a landscape marked by significant growth, especially in the Asia-Pacific region, amidst persistent economic fluctuations worldwide. Drawing from

MENA Newswire News Desk:  Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, attended the India-UAE Business Forum in Mumbai, India, on Tuesday, marking a significant step forward in strengthening bilateral economic ties between the UAE and

MENA Newswire News Desk: India and the UAE signed five major agreements today, focusing on cooperation in nuclear energy, petroleum, and other key sectors. Among these agreements, a Memorandum of Understanding (MoU) was signed between Emirates Nuclear Energy Company and

MENA Newswire News Desk: Elysium Management, led by Apollo Global Management founder Leon Black, has officially opened its first international branch at Abu Dhabi Global Market (ADGM). The new office, named Scimitar, will play a key role in expanding Elysium’s

MENA Newswire News Desk: Russia has escalated its daily gold purchases by 700%, the country’s Finance Ministry revealed on Wednesday. From September 6 to October 4, Russia will allocate 8.2 billion rubles ($92 million) each day to buy gold and

MENA Newswire News Desk: UK house prices have experienced their fastest growth rate since November 2022, despite concerns about potential changes in the upcoming Autumn Budget. According to the Halifax House Price Index, the average property price in the UK

MENA Newswire News Desk: India’s foreign exchange reserves have reached a historic peak of $683.987 billion, reflecting an increase of $2.299 billion for the week ending August 30, according to the Reserve Bank of India (RBI). This new high surpasses