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Economy
IMF establishes new regional office in Saudi Arabia, hosts joint conference on industrial policy for diversification
The IMF aims to boost its involvement with regional institutions, governments, and stakeholders by setting up this office
Technology
Samsung and Google to team up for next-level AI
Samsung seeks to integrate Google's second-gen Gemini Nano AI into Galaxy S25 smartphones
Economy
Egypt to cut interest rates by 2 percent in May; inflation to decrease to 20 percent by end of 2024: Report
The CBE's Monetary Policy Committee is scheduled to meet on May 23 to review the key interest rates
Worldwide
Brazil introduces measures to support small businesses, low-income families, and real estate market
The "Acredita" program helps provide microcredit to CadUnico registrants, enabling access to social programs like Bolsa Familia
Economy
UAE and Ecuador initiate negotiations for CEPA to boost trade, investment
In 2023, non-oil bilateral trade between the UAE and Ecuador reached $675 million
Real Estate
Sales of new U.S. single-family homes rebound 8.8 percent in March, reaching highest level since September
Median house price jumps to seven-month high, rising 7.4 percent YoY in Q1
Economy
Qatar, Bangladesh sign MoUs to foster cooperation in investment, education, sports, taxation, and legal fields
Qatar's Amir Sheikh Tamim bin Hamad Al-Thani visited Bangladesh lately and met with President Mohammed Shahabuddin
Economy
World Bank partners with Saudi Arabia to establish knowledge center for economic reforms
Boosting global economic reforms and enhancing regional and global competitiveness
Economy
World Bank secures $11 billion backing for new financial instruments to boost lending capacity
WBG's leveraging capability enables 6-8x multiplication of hybrid capital and guarantee platform funds over 10 years
Egypt
Egypt’s SCZONE attracts 128 projects worth over $3 billion, Chinese firms contribute 40 percent
SCZONE inked 14 agreements with major Chinese companies to boost investment
Banking & Finance
Visa’s CEMEA President Andrew Torre on getting ready for the next wave of digital disruption
Businesses need to be agile, adapt their strategies and invest in digital infrastructure
Banking & Finance
ADGM’s Emmanuel Givanakis: Robust regulatory frameworks, key to success of the UAE’s financial landscape
With ADGM’s FSRA as a premier advocate, the Emirate is assured a progressive financial service environment
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