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Author: Steven Sahiounie
The Israeli military has downplayed a recent threat issued by US President Joe Biden of freezing American arms supplies to the occupying regime if the latter went ahead with a full-scale ground invasion of the city of Rafah in the southern Gaza Strip.
Dwindling food and fuel stocks could force aid operations to grind to a halt within days in Gaza as vital crossings remain shut, forcing hospitals to close and leading to more children dying of hunger, United Nations aid agencies warned on Friday.
United Nations Secretary-General Antonio Guterres has warned that Israel’s invasion of Gaza’s southern city of Rafah would lead to an “epic humanitarian disaster.”
SINGAPORE – Asian stocks rose on Friday, on course for a third week of gains, while the dollar was on the back foot as fresh signs of an easing U.S. labour market stoked optimism around interest rate cuts this year ahead of next week’s crucial inflation data.
Gold prices ticked up on Friday and were on track for a weekly gain, as recent economic data prompted traders to raise bets of an interest rate cut from the Federal Reserve later this year.
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
