Iraq’s energy sector is under increasing strain, with electricity shortages becoming a critical issue. Despite recent improvements in economic growth and security, the country’s energy infrastructure is struggling to keep up with rapidly rising demand. Baghdad faces a challenging situation as it approaches another summer, potentially…
Founded in 1967, Mashreq is the oldest bank in the UAE, offering decades of industry experience and a deep understanding of the ever-evolving financial landscape. This unique expertise allows Mashreq to effectively meet the diverse needs of its corporate clients. With a strong presence in key…
Emaar Properties, Dubai’s largest publicly listed developer by market capitalization, plans to increase its investments in Egypt to $25 billion over the next three years, up from its current commitment of $18 billion. This expansion reflects the company’s growing confidence in the Egyptian real estate market,…
Adnoc Drilling is set to ramp up its investment efforts in the US and Europe in 2025, with a focus on expanding its oilfield services capabilities. The Abu Dhabi-listed company plans to allocate $700 million of its $1 billion investment budget for acquisitions, specifically targeting technology-related…
The cost of dining out in Dubai is increasing, particularly when it comes to alcoholic beverages, with the city now ranked as the third-most expensive globally for a half-litre of draught beer, averaging $10.89, according to a survey by Numbeo. Qatar and Oman top the list,…
Oman has secured a $100 million loan agreement from the Qatar Development Fund to help finance its connection to the Gulf Cooperation Council (GCC) power grid. The project, estimated to cost over $700 million, will involve constructing two 400 kilovolt (kV) overhead transmission lines linking the…
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Edward is a seasoned economic analyst with over a decade of experience in financial journalism. He specializes in macroeconomic trends, global markets, and policy analysis, offering readers deep insights into the forces shaping the world economy. His work has been featured in leading financial publications, and he is known for his ability to break down complex economic concepts into understandable narratives.
Global stock markets saw a strong rally today following the release of optimistic inflation data. The latest reports indicate a slowdown in price increases, fueling investor confidence and raising hopes of a more stable economic outlook. Analysts suggest that central banks may reconsider aggressive interest rate hikes, further boosting market optimism.
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