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The Federal Reserve says it will restore capital requirements for large banks that were relaxed as part of the Fed’s efforts to shore up the financial system during the early days of the pandemic.
The International Monetary Fund (IMF) on Friday slashed its US economic growth forecast as aggressive Federal Reserve interest rate hikes cool demand but predicted that the United States would “narrowly” avoid a recession.
Stock markets tumbled, the pound crashed against the dollar and oil prices slumped on Friday on growing recession fears after central banks this week ramped up interest rates to fight decades-high inflation.
The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has signed four agreements with leading national entities to support the growth and prosperity of the private sector in the Emirate of Abu Dhabi. This comes in line with the Chamber’s strategic objectives to empower the private sector and unlock economic
With COP28 slated to take place in Dubai next month where countries will come together to deliberate on energy efficiency improvements, discussions around sustainability and climate change are picking up pace. The UAE’s Net Zero by 2050 vision, though an ambitious one, can be achieved only if every industry rallies
Nasdaq Dubai continues to lead in creating an ecosystem that supports sustainable finance. The listing of FIVE Holdings Green Bond enhances Nasdaq Dubai's total value of ESG classified bonds and sukuk listings, reaching $26.7 billion, and contributes to a total value of debt listed on the exchange totalling $118.34 billion.