News
UAE investors urged to avoid savings sell-off due to Iran war
19+ hour, 42+ min ago (1309+ words) Personal finance experts are urging people in the UAE to "remain calm" with their money amid the continuing Iran war. Local banking services were disrupted, two UAE Amazon data centres in the UAE were struck, and local stock markets were…...
US stocks down and oil surges as job losses rattle traders
2+ day, 5+ hour ago (605+ words) Stocks sank "on Friday as the war against Iran drove oil prices sharply higher, while an "unexpected loss of US jobs in February increased hopes for Federal Reserve rate "cuts but did little to cheer investors worried about economic weakness....
UAE and Japan conclude trade deal negotiations to deepen economic ties
2+ day, 20+ hour ago (610+ words) The UAE and Japan have concluded negotiations for a Comprehensive Economic Partnership Agreement (Cepa) as they seek to further boost trade and investment ties. They agreed the final provisions of the deal, which is the first of its kind Japan…...
UAE non-oil private sector growth hits 12-month high in February
4+ day, 18+ hour ago (706+ words) The UAE's non-oil private sector continued to expand in February, with growth reaching a 12-month high, as business activity rose at the sharpest rate since April 2024 and new orders soared. The seasonally adjusted S&P Global UAE Purchasing Managers' Index…...
New York Fed president defends controversial tariff research
5+ day, 4+ hour ago (640+ words) New York Fed president John Williams on Tuesday defended the bank's research on President Donald Trump's tariffs, which drew the White House's ire. Research from the most influential regional bank in the Federal Reserve system found that nearly 90 per cent…...
Senior US Fed official says it's too soon assess Iran war impact on economy
5+ day, 11+ hour ago (710+ words) A senior official at the US Federal Reserve said on Tuesday it is too soon to assess the economic impact of the Iran war, which threatens to disrupt the global energy supply chain. "It's still early to say " how big…...
Can a smarter tax policy unlock Mena region's growth potential?
1+ week, 3+ day ago (775+ words) Last month, the International Monetary Fund reported that the Middle East and North Africa region should achieve 3.9 per cent growth this year, buoyed by the economies of Saudi Arabia and the UAE. But while this is higher than the expected…...
Egypt unlocks $2.3bn in funding after IMF completes review
1+ week, 4+ day ago (680+ words) The International Monetary Fund on Wednesday completed its reviews of two Egyptian reform programmes, unlocking about $2.3 billion in funding for Cairo. The IMF had reached a staff-level agreement on the fifth and sixth reviews of Egypt's economic reform programme and…...
Federal Reserve officials debate impact of Supreme Court's tariff rejection
1+ week, 5+ day ago (915+ words) US Federal Reserve officials are trying to determine the impact the Supreme Court's rejection of President Donald Trump's tariffs will have on inflation and interest rate decisions. On Tuesday, the administration imposed a new 10 per cent global tariff under Section…...
US markets end lower amid revived tariff concerns and AI displacement fears
1+ week, 5+ day ago (466+ words) US stock futures fell on Monday, as uncertainty over American trade policy and continuing fears of artificial intelligence-related disruption clouded sentiment. The US dollar recouped losses while precious metals advanced. A broad sell-off sent all three major US stock indexes…...