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MBME Group makes trading debut as first fintech firm to list on ADX

17 Apr 2023

The Abu Dhabi Securities Exchange (ADX) announced today that it has listed MBME Group, which operates the region’s largest online utility and government services payment platforms. The Group, the first...

India’s data centre industry sees a total investment of $4.8 billion

15 Apr 2023

V Nagarajan The Indian data centre industry is expected to add 681 MW capacity by end of 2024, according to a survey by property consultant JLL. This will lead...

Prolonged high inflation dims outlook for world economy: IMF

11 Apr 2023

The outlook for the world economy this year has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big American...

ADX partners with Mashreq to provide trading access

11 Apr 2023

The Abu Dhabi Securities Exchange (ADX) has partnered with Mashreq Securities to simplify and streamline the digital onboarding process for Mashreq customers, providing them with instant access to trading on...

Stocks on Wall Street slid amid expectations for rate hike

10 Apr 2023

Wall Street is slipping Monday in the first trading for stocks after a report raised speculation the Federal Reserve may tap the brakes a little harder on the economy. The...

India surpasses Rs85,000 crore worth mobile phone exports

08 Apr 2023

The government push towards local manufacturing of consumer electronics items has helped India cross record more than Rs 85,000 crore in mobile exports in the fiscal year ending March 31,...

Abu Dhabi and Saudi Arabia lead the Arab stock exchanges with gains of $125 billion

07 Apr 2023

Gulf Today, Staff Reporter The Abu Dhabi Stock Exchange and the Saudi Stock Exchange led the gains of the Arab stock exchanges, after their market capitalisation gained more than...

US jobless claims fall; revisions suggest labour market slowing

07 Apr 2023

The number of Americans filing new claims for unemployment benefits fell last week, but annual revisions to the data showed applications were higher this year than initially thought, further evidence...

IMF sees global growth below 3% in 2023

06 Apr 2023

The International Monetary Fund expects global economic growth to dip below 3% in 2023 and to remain around 3% for the next five years, IMF Managing Director Kristalina Georgieva said...

Global stock markets rise, but risks of inflation flare-up pick up

04 Apr 2023

Global stocks rose on Tuesday, while investors grappled with the possibility of a flare-up in inflation due to the Opec+ group’s surprise output target cut, while the dollar dipped after...

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