The UAE industrial sector’s contribution to gross domestic product reached about Dh197 billion ($53.64 billion) last year, with the country achieving 30 per cent of Operation 300bn’s target since its 2021 launch, officials said on Wednesday. The Emirates’ industrial exports increased by 17 per…
Read more
Reddit is offering its vast community of users a rare opportunity to own a piece of the social media platform as it prepares for a highly anticipated stock market debut later this week. This move comes after the company’s IPO…
Read more
Amid swirling speculations and market anticipation, the European Central Bank (ECB) has signaled a pivotal meeting in June that could see changes in interest rate policies. Vice President Luis de Guindos announced that by June, the ECB will have gathered…
Read more
Early on March 19, a significant development unfolded in Bengaluru as the Income Tax Department initiated raids at various outlets of the popular biryani chain, Meghana Foods. Owned by Padma Atluri and Rambabu Mandava, this Hyderabad-headquartered restaurant chain, first established in…
Read more
The Indian rupee experienced a slight depreciation against the U.S. dollar, opening at Rs 82.94, a minor fall from its previous close. The shift is attributed to the dollar index climbing to nearly a two-week peak, influenced by anticipations surrounding upcoming…
Read more
BENGALURU, March 18 (Reuters) – The Swiss National Bank will wait until at least June before cutting interest rates, according to a strong majority of economists polled by Reuters, who said it would make shallower cuts this year than peers.…
Read more
While earnings fell from 2022’s blockbuster records, profits across the sector still easily eclipsed prior highlights such as in 2008-2009, according to analysis from consultancy Oliver Wyman LLC. “We saw pretty good margins overall and that is practically because things…
Read more
DUBAI, United Arab Emirates (AP) — Saudi oil giant Aramco on Sunday reported it made $121 billion in profit last year, down from its 2022 record due to lower energy prices. The results still marked the company’s second highest ever…
Read more
WASHINGTON, March 14 (Reuters) – JPMorgan Chase & Co has been fined $348.2 million by a pair of U.S. bank regulators over its inadequate program to monitor firm and client trading activities for market misconduct, the Federal Reserve announced Thursday.…
Read more
March 13 (Reuters) – Pension insurance specialist Rothesay has agreed to buy the about 6 billion pound ($7.67 billion) Scottish Widows in force bulk annuity portfolio from Lloyds Banking Group (LLOY.L), opens new tab, the companies said on Wednesday. The bulk…
Read more
