Inflation Data Weighs on the Dollar
by Rania Gule, Senior Market Analyst at XS.com – MENA
The USD/JPY pair witnessed a significant drop, starting Thursday’s session around the 155.00 level, near the lower boundary of the short-term descending channel. This decline came after U.S. inflation data showed a slowdown in core inflation, triggering a dollar sell-off and prompting investors to seek refuge in the Japanese yen. This...
Wall Street banks to report quarterly results
by Antonio Di Giacomo, Senior Market Analyst at XS.com
The quarterly earnings of several Wall Street banks will serve as a key indicator of market optimism following Donald Trump's election, which raised expectations for pro-business policies. This reporting period is crucial for understanding how financial institutions are navigating the current economic environment, especially after the volatility caused by political and...
China zero-COVID policy to weigh on global supply chains
The continued outbreak of new variants of COVID-19 has forced the Chinese authorities to instate strict...
Middle East Energy 2022 to open next week in Dubai
Policymakers, business leaders, and industry experts from the energy industry will converge on Dubai next...
UAEU pavilion at Expo 2020 Dubai launches the “Enhancing Student Skills” program
The UAEU pavilion at Expo 2020 Dubai launched the “Enhancing Students Skills” program...
Developers Responsible for 58.76 Percent of all Dubai Property Sales Transactions to date in 2021
Historically, developers have been responsible for off-plan sales before and...
Africa Set To Become a Digital Talent Powerhouse
according to experts at inaugural GITEX Global Leaders Vision Summit
Africa is poised to power the world’s digital...
Saudi Arabia Opens Its Award-Winning, Record-Breaking Expo 2020 Dubai
Saudi Arabia inaugurated its state-of-the-art pavilion at Expo 2020 Dubai on Friday, kicking off a six-month...
Economic Sustainability Forum in the Amazon Region’ this October
The Arab-Brazilian Chamber of Commerce (ABCC) has announced its first-of-its-kind ‘Brazil - UAE: Economic Sustainability Forum...
Dubai Culture introduces gold membership at its public libraries
Dubai Culture and Arts Authority (Dubai Culture) announced improvements to the membership service for its public...
The Dubai Real Estate Market Sales Transactions Grew by More Than 40 Percent in H1 2021
After record breaking month-on-month transactions and quarterly results for...