Europe's share markets struggled on Thursday and the dollar and bond yields trimmed overnight gains made after the US Federal Reserve dampened bets that it might be readying its first interest rate cut in years.
Global stocks rose on Friday after a top Federal Reserve official cemented expectations of a US interest rate cut later this month, fuelling appetite for riskier assets and keeping a cap on the dollar.
World stock markets surged on Thursday, with the US benchmark S&P 500 hitting a record high, while the 10-year US Treasury yield fell below 2% as investors digested a signal from the Federal Reserve of potential US interest rate cuts
European stocks fell, government bond yields slipped and the Japanese yen firmed on Thursday after the US government hit Chinese telecoms giant Huawei with severe sanctions, further straining Sino-US trade ties.
Bilateral trade between Dubai and Germany reached Dhs24.6 billion in 2020 and will continue to grow given Dubai’s ease of doing business and flexible ecosystem, according to a top official of Dubai Silicon Oasis Authority (DSOA).
US private equity firm Clayton, Dubilier & Rice (CD&R) is considering a possible cash offer for British supermarket group Morrisons, it said on Saturday.
As part of its tireless and continuous endeavour to support and to stimulate the real estate sector, Sharjah Real Estate Registration Department has announced that 15 different institutions have won the Real Estate Excellence Award,
Dubai Electricity and Water Authority (Dewa) is participating at Expo 2020 Dubai with a large pavilion, characterised by a contemporary design that aligns with Dewa’s role as the Official Sustainable Energy Partner of Expo 2020 Dubai.