Economics

Gold prices recover from dip as Powell counters rate cut expectations

Central banks' record gold buying drives demand to new heights

IMF lifts 2024 global growth outlook

Fund raised concerns about risks posed by Red Sea attacks and ongoing conflict

Egypt explores issuing bonds in Emirati dirhams and Indian rupees, minister says

Part of strategy to diversify financing options by targeting multiple markets

Dubai launches $136 million initiative to boost SMEs’ global expansion

Initiative to offer competitive financing for local SMEs at competitive rates

Wall Street braces for a testing week

Fed’s decision, companies' profits, and economic data all in focus

Egypt’s foreign-currency position under further strain due to Red Sea crisis: S&P

Anticipated devaluation of the pound beyond the current exchange rate

Davos: UAE ranks fourth globally in infrastructure quality

Country set to invest $2.45 billion to develop 127 projects over next 5 years 

Red Sea disturbances impact shipping, raise prices 

Shipping costs skyrocketed by 200 percent, projected to experience further rises

Trade volume between UAE, Hong Kong surpassed $16 billion in 2023

Hong Kong recognizes UAE as a major trading partner

UAE’s used car market witnesses unprecedented growth in 2023

Exploring the driving forces behind the UAE's thriving pre-owned car market

Russia and India partner to create a digital economy in BRICS expansion

Both countries are also exploring a native BRICS currency

Moody’s affirms ratings of five Egyptian banks, changes outlook to negative

Egypt's overall classification was affirmed at Caa1 in October 2023