Author: Steven Sahiounie

SINGAPORE – The U.S. dollar had a soft tone in early Asian trading on Friday after losing ground overnight to the euro and sterling on the back of U.S. data showing further signs of a cooling labour market and hence higher odds of Fed rate cuts this year.

The conference, held under the slogan, “The Role of Tolerance and Coexistence in Sustainable Economic Growth” and part of the AIM Congress in Abu Dhabi, witnessed a prominent international presence

Investors see European stocks and debt leading global markets this year as rate cuts boost spending, softer inflation burnishes bonds and weaker currencies lift exports

Danone Egypt has partnered with Shift EV to transform 50% of its distribution fleet into electric vehicles (EVs) using Shift’s cutting-edge Electro-fitted technology

The partnership between the UAE and Indonesia witnessed a remarkable growth in non-oil trade, doubling between 2017 and 2023 to reach more than $4.35bln

Abu Dhabi’s Comera Financial Holding, a conglomerate with a diverse portfolio in technology, fintech, and services, has joined forces with Beltone Holding, a rapidly expanding financial entity, to champion digital transformation and enrich customer experiences in Egypt. This strategic alliance aims to catalyze the introduction of innovative digital solutions through a collaborative knowledge-sharing approach.

Following the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE has allocated USD 15 million in aid to the victims of the floods and the effects of the heavy rainfall that swept through Kenya, which resulted in the deaths of hundreds of innocent people, displacement of thousands of civilians, and destruction of infrastructure such as roads, bridges, houses, medical facilities, and agricultural lands, particularly in northern areas of the capital Nairobi.

Month-on-month, prices rose by 1.1% in March, up from 1.0% in February. Food prices declined in March by 0.9%, though they were 40.5% higher than a year ago

RIYADH — The liquidity of Saudi economy continued robust growth reaching its peak at the end of March 2024, at the level of SR2,823,745 million.

“We need to see more evidence that inflation will stay low before we can cut interest rates,” BoE governor Andrew Bailey said