Malik Salameh – directThe UAE’s holdings of US Treasury bonds decreased during the month of February 2023 by 0.61 percent on a monthly basis. The UAE’s holdings of bonds last February amounted to about $64.5 billion, compared to $64.9 billion in the previous month, according to the monthly report of the US Treasury Department. On … Read more
Abu Dhabi – Mubasher: Dubai courts ordered KPMG Lower Gulf to pay $231 million, equivalent to 848 million dirhams, to a group of investors who reported losing money due to the company’s poor quality audit of a fund they invested in, according to a report by the Financial Times. The ruling, issued in late March, … Read more
Apple, one of the world’s leading tech giants, may be facing a slump in laptop sales, but the company is not losing steam. In fact, recent reports suggest that Apple is making significant headway on new Mac laptops that could help the company regain its competitive edge. As Apple struggles to navigate a challenging market, … Read more
The United States will grant $649m to Indonesia to fund infrastructure development and small business projects across the country. The funding will come from the United States Millennium Challenge Corporation (MCC) and the Indonesian government. The project will focus on climate-conscious transportation infrastructure in five Indonesian provinces and increase access to financing for women-owned micro, … Read more
The government of the Philippines is planning to partner with the private sector to improve and manage the Ninoy Aquino International Airport (NAIA), the main gateway in Metro Manila. National Economic and Development Authority Secretary Arsenio Balisacan announced during the Philippine Economic briefing in the US that the government plans to sign a public-private partnership … Read more
Thailand’s ambitious high-speed rail project, built by China, is poised to transform the country’s transportation landscape. The project has been in the works for years but has faced numerous delays and controversies, including concerns over financing and technological compatibility. Despite these setbacks, the project is still on track and promises to bring significant economic benefits … Read more
Abu Dhabi – Mubasher: The total foreign assets of the UAE Central Bank exceeded half a trillion dirhams at the end of last January, for the first time in its history. Statistics issued by the UAE Central Bank indicated that the foreign assets of the Central Bank increased on a monthly basis by 1.34%, from … Read more
The pandemic that caused the Covid-19 in the world, it left 16 million more children and youth poor in Latin America and not only that, it also caused a 20-year setback in poverty indicators. This was stated by Mónica Rubio, regional social policy adviser for Latin America and the Caribbean of the United Nations Children’s … Read more
Abu Dhabi – Mubasher: The UAE Central Bank expected inflation to slow down during the current year 2023 to 3.2%, on the back of weak price increases in all categories, especially transportation, food and beverages. The Central Bank also expected in its recent report that inflation will remain on the rise, given that it is … Read more
Dubai – Mubasher: A report issued by EZDubai, the area entirely dedicated to e-commerce in Dubai South, expects the size of the e-commerce market in the Middle East and North Africa region to reach $57 billion in 2026, equivalent to a compound annual growth rate of 11% during the period from 2022 to 2026. According … Read more