Browsing: Business

Gold hits a record high at USD 2,607/oz, reflecting over 25% gains YTD, driven by geopolitical tensions, USD diversification, and macroeconomic uncertainty.

Amazon mandates a full-time return to the office for employees, clashing with the UK government’s push for flexible work rights, sparking a global debate on work models.

IRENA and Azerbaijan will host the first Central Asia Energy Transition Investment Forum in Baku in November, focusing on attracting investments for renewable energy projects.

Verses and Analog announced a smart city project in Abu Dhabi to optimize taxi fleet management using AI-driven technology, marking the start of a larger collaboration.

The Federal Reserve cut rates by half a percentage point Wednesday, its first move since the Covid pandemic, in an effort to stabilize inflation and boost the weakening labor market.

Dubai ranks fifth globally in the 2024 International Shipping Centre Development Index, marking its fifth consecutive year in the top five and remaining the only Arab city in the top 20.

The Federal Reserve’s upcoming rate decision could signal broader concerns about the economy, with analysts divided over the size of the expected cut.

Moody’s forecast highlights Islamic finance’s profitability in the Gulf, projecting strong growth in the coming years, driven by demand for Sharia-compliant products.

Korea’s economy is showing signs of recovery, driven by strong exports and stabilizing inflation, with manufacturing and domestic demand improving over the past five months.

UBS report reveals mixed wealth disparities across Europe with some nations showing effective economic management and others struggling.