Germany’s economy will contract by 0.5% in 2024 because of uncertainty caused by a budget crisis, the German economic institute IW said on Wednesday. A constitutional court ruling last month upset the government’s financing plans, leading to weeks of negotiations…
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India’s stock market value has overtaken Hong Kong’s to become the seventh largest in the world as optimism about the country’s economic prospects grows. As of the end of November, the total market capitalization of the National Stock Exchange of…
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Bill Gates, the seventh richest person in the world, has a well-documented affinity for dividend income. This investment preference is clearly reflected in the staggering $464.5 million he earns annually from his portfolio. Gates’s investment strategy, rooted in picking companies…
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The United Nations said Monday that it needed $46.4 billion next year to bring life-saving help to around 180 million people in desperate circumstances around the world. The UN said the global humanitarian outlook for 2024 was “bleak”, with conflicts,…
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Sustainable finance may once have been a “niche subject”, it is now a key component that will shape the UAE’s economy, the Minister of Economy said today. Speaking just days before the opening of climate summit COP28 in Dubai, Abdullah…
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The estimated total economic impact of the Saudi Arabia’s mega event – Riyadh Expo 2030 – measured by gross value added is projected to be a whopping SAR355 billion ($94.5 billion). This represents a 19% addition to the estimated non-oil…
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Indian equities scaled record highs on Friday after the central bank stayed pat on rates, while investors parsed Hungarian economic data that signalled easing domestic inflation ahead of a key U.S. jobs report. India’s NSE Nifty 50 index .NSEI climbed…
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Saudi Arabia has delayed some of the projects launched as part of its economic transformation plan past 2030, Bloomberg reported, citing a top government official. This is the first time that the Kingdom has acknowledged a shift in the timeline…
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President of the African Development Bank Group, Akinwumi Adesina, has warned that the proposed EU carbon border tax could result in an annual loss of $25 billion for Africa, seriously impeding the continent’s trade and impeding industrialization progress In October,…
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Abu Dhabi Islamic Bank (ADIB), has become an official signatory of the UN Principles for Responsible Banking – a single framework for a sustainable banking industry developed through a collaboration between banks worldwide and the United Nations Environment Programme Finance…
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