Economy
US existing home sales fall less than expected in August
. US existing home sales dropped for the seventh straight month in August as affordability deteriorated further amid surging mortgage...
US Federal Reserve hikes interest rate by 75 basis points
. The US Federal Reserve on Wednesday raised interest rates by 75 basis points for the third consecutive time at...
UAE, GCC central banks likely to hike interest rates again in the coming week
. Borrowing cost is set to rise in the UAE and other Gulf countries in the coming week as the...
EU aims to ban products, imports made with forced labour
. Products made with forced labour or those imported into the 27-country European Union will be banned under draft rules,...
Abu Dhabi on track to reach ambitious diversification target: Top official
. After reaching a record Dh1.058 trillion ($288.06 billion) in non-oil trade in the first half of 2022, up 17%...
UAE: New scheme to support startups, SMEs in space sector
. The UAE Space Agency on Monday launched a scheme that would measure the space sector's contribution to the country's...
UAE business activities are at a 38-month high
. Businesses in the UAE recorded a strong upswing in activities during August, largely driven by lower fuel prices and...
Registration opens for Watch and Jewellery Middle East Show
. The Expo Centre Sharjah has announced that the online registration for exhibitors, visitors, and journalists wishing to attend or...
UAE-Bulgaria non-oil tarde rises 40% in first half of 2022
. The UAE-Bulgarian Business Forum, organised by Abu Dhabi Chamber of Commerce and Industry (ADCCI), concluded its activities which were...
India set to become 3rd largest economy by 2029: SBI report
. India has undergone a large structural shift since 2014 and is now the 5th largest economy overtaking the United...
ECB policymakers make the case for a big rate hike
. European Central Bank policymakers made the case on Saturday for a large interest rate hike next month as inflation...
China central bank cuts lending rates to boost economy
. China's central bank on Monday cut benchmark loan rates in an attempt to boost an economy battered by the...
UAE: Non-oil foreign trade exceeds record Dh1.05 trillion in 6 months
. The UAE’s non-oil trade surpassed the Dh1 trillion mark in the first half of 2022, registering an increase of...
Investors to repose trust on UAE real estate market with more investments
. The government’s recent measures on real estate investment will increase market credibility, transparency and boost investor confidence in the...
UK inflation tops 10%, highest since 1982
. British consumer price inflation jumped to 10.1 per cent in July, its highest since February 1982, up from an...
UAE economy is expected to grow by over 5% in 2022: UBS
. Michael Bolliger, chief investment officer Emerging Markets at UBS Global Wealth Management, has stated that he expects the UAE’s...
Saudi inflation rises to 2.7% in July on higher food prices
. Saudi Arabia’s consumer price index rose 2.7 per cent in July from a year earlier, government data showed on...
China unexpectedly cuts key rates as economic data disappoints
. China’s central bank cut key lending rates in a surprise move on Monday to revive demand as data showed...
