Browsing: finance

Reddit Inc. is eyeing a valuation of as much as $6.5 billion in its initial public offering, according to people familiar with the matter.

In 2023, Emirates Development Bank EDB’s contribution to the UAE’s industrial GDP surged by 80 per cent, reaching Dh4.3 billion from Dh2.4 billion on 2022 and bringing the total loans financed by the Bank to Dh8.7 billion since the launch of its strategy in 2021, a senior official said.

Finance leaders from the world’s largest economies failed to agree on a joint statement as they wrapped up talks on Thursday, with divisions over the wars in Gaza and Ukraine overshadowing efforts to forge a consensus on global economic development.

LONDON – Investors poured the most cash into technology stocks since August in the week to Wednesday and doubled the amount they put into cryptocurrencies, according to a report on Friday from Bank of America Global Research.

The potential for increased trade, business opportunities, employment, and GDP growth across Arab nations: official

The UAE continues to hold its position at 10th place in the Brand Finance Soft Power Index 2024 for the second consecutive year, standing as the only Gulf nation among the world’s top 10 soft powers.

Measures would be taken to convert $5 billion to Egyptian pounds from the UAE’s Egyptian central bank deposit, Madbouly added

The president noted that “life will make adjustments, but despite the difficult period, despite the current trials and difficulties, Russia is mapping out a long-term plan”

Russia’s international reserves are highly liquid foreign assets available with the Bank of Russia and the Russian Government

RIYADH: Over $40 billion of green hydrogen and renewable energy investments could be on the way to Egypt’s Suez Canal Economic Zone after a host of new agreements.