Energy and Natural Resources Minister Alparslan Bayraktar has stated that a new era in oil and natural gas exploration will begin in Turkey. In an interview with Hürriyet, Bayraktar explained that Turkey may…
Expatriate remittances to Egypt, a vital source of foreign currency, surged by 52% year-on-year to reach $30 billion in 2024, as reported by the central bank. The substantial increase in remittances was largely…
Qatar’s sovereign wealth fund, the Qatar Investment Authority (QIA), is reviewing eight venture capital (VC) firms to add to its “fund of funds” programme. This move is part of QIA’s strategy to bolster…
Emirates NBD, Dubai’s largest bank by assets, has announced plans to delist Emirates Islamic Bank (EIB) from the Dubai Financial Market (DFM) after acquiring 100% of the sharia-compliant lender. Emirates NBD made a…
U.S. President Donald Trump confirmed on February 24 that the tariffs he proposed on Canadian and Mexican imports are proceeding as scheduled. After taking office, Trump announced up to 25% duties on imports…
The Capital Markets Board (SPK) has launched an investigation into «unusual price fluctuations» on Borsa Istanbul. According to a statement released on February 21, both the SPK and Borsa Istanbul are reviewing the…
By STAN CHOEUpdated 12:03 AM GMT+3, February 25, 2025 NEW YORK (AP) — U.S. stocks edged lower on Monday after enduring significant losses the previous week. Trading was mixed across the major indices:…
Dubai’s Virtual Assets Regulatory Authority (Vara) is closely monitoring the aftermath of a $1.4 billion hack at Bybit, one of the world’s largest cryptocurrency exchanges. The attack, which occurred on February 21, exploited…
Several U.S. federal agencies, including those led by prominent allies of former President Donald Trump, have pushed back against Elon Musk’s attempt to require employees to justify their work achievements or face potential…
Alibaba has revealed plans to allocate over $50 billion toward artificial intelligence (AI) and cloud computing over the next three years. This announcement comes just one week after co-founder Jack Ma was spotted…
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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