People stand near screens showing share index at a securities firm in Tokyo on Friday. Associated Press
Robust earnings from Google-owner Alphabet and Twitter took the S&P 500 and Nasdaq indexes close to record levels on Friday, with data showing the domestic economy slowed lesser than expected in the second quarter providing support.
Japan’s economic growth unexpectedly accelerated in January-March, driven by net contributions from exports and defying forecasts for a contraction in the world’s third-largest economy. However, the surprise expansion was mostly caused by imports declining faster than exports, likely reflecting weak domestic demand,
The bitter trade war between China and the United States kept Asian factory activity mostly in decline in August, business surveys showed, strengthening the case for policymakers to unleash fresh stimulus to fend off recession risks.
Dubai Airports has announced that it will reopen Dubai’s International’s Terminal 1 and Concourse D on Thursday (June 24). The facilities were closed on March 25, 2020 following the partial suspension of operations at DXB to control the spread of COVID-19.
The interest rates charged by the Emirates Inter-Bank Offered Rate (EIBOR) jumped across all terms post the Central Bank of the UAE increased on Thursday its base rate applicable to the overnight deposit facility (ODF)
Dubai Chamber of Commerce and Industry (Dubai Chamber) has launched a new video series that showcases the impactful ways in which it will connect local and global business communities at Expo 2020 Dubai.