Business

    The European Central Bank (ECB) has announced its first interest rate cut since 2019, reducing the key rate from 4% to 3.75%. The decision, which had been signaled for months, comes amid persistent inflationary pressures within the euro zone’s 20 nations. ECB President…

    The United Arab Emirates (UAE) is poised for accelerated economic growth in 2024, with the real gross domestic product (GDP) projected to surge by 3.9 percent, according to the Spring 2024 Gulf Economic Update (GEU) released by the World Bank. The…

    In a detailed analysis ahead of the final results of India’s Lok Sabha elections, UBS has projected the implications of four potential outcomes on the stock markets, with particular emphasis on the performance of benchmark indices such as the S&P BSE Sensex and…

    The Central Bank of the UAE (CBUAE) has released its latest statistics, revealing a significant surge in the assets of Islamic banks within the country. Over the past 12 months, these institutions have seen their assets rise by approximately AED86 billion. As of the…

    In a marked retreat from its recent surge, gold prices declined on Tuesday as the US dollar showed continued strength, tempering the momentum that had pushed the precious metal to a record high. On Monday, gold prices had soared to…

    Two Chinese nationals, Yicheng Zhang and Daren Li, have been charged by US authorities in a massive cryptocurrency scam totaling $73 million, dubbed “pig butchering.” The scheme involved laundering funds through US bank accounts to the Bahamas, resulting in arrests…

    Technology

    Sports

    In a meeting at Qasr Al Bahr in Abu Dhabi today, UAE President Sheikh Mohamed bin Zayed Al Nahyan welcomed Gianni Infantino, President of the International Federation of Association Football (FIFA).…

    In a nail-biting semifinal clash at the Stade de la Paix in Bouake, Nigeria clinched a spot in the AFCON final after a tense penalty shootout against South Africa. The Super…