Browsing: Business

Federal Reserve Chair Jerome Powell emphasized a cautious approach to future rate cuts, noting that the Fed will act based on economic conditions, inflation trends, and the job market.

MENA Newswire News Desk: Global rice prices declined on Monday following India’s decision to resume non-basmati white rice exports, marking a significant…

Saudi Arabia has achieved a milestone with 558 million kg of poultry production in H1 2024, a 9% increase from 2023. The growth is attributed to biosecurity and financial support measures.

The UAE and New Zealand concluded negotiations on a comprehensive trade partnership aimed at boosting economic ties and investment opportunities between the two countries.

Qualcomm has approached Intel for a potential takeover, though no formal offer has been made. The acquisition could be one of the largest in tech history but faces regulatory scrutiny.

UAE’s economy will expand by 4.8% by 2025, according to Oxford Economics, driven by growth in the non-oil sector, including tourism, real estate, and foreign investment.

Arab stock exchanges grew to a combined $4.268 trillion in market capitalization in August 2024, according to the Arab Monetary Fund, reflecting a $22 billion increase over July.

Wall Street surged Thursday as investors embraced the Fed’s first rate cut in four years, with major indexes rising and tech stocks leading the charge.

Rapaport and DMCC will host Dubai’s largest polished diamond auction with over 3,200 lots and more than 50,000 carats on offer for international buyers.

MENA Newswire News Desk: European and Asian stock markets slid on Friday as investors awaited the release of key U.S. jobs data…