Browsing: Business

Sheikh Mohammed greenlights AED10B plan for Dubai Exhibition Centre expansion, aiming to enhance Dubai’s global leadership in the MICE sector and attract major international events.

UAE’s economy will expand by 4.8% by 2025, according to Oxford Economics, driven by growth in the non-oil sector, including tourism, real estate, and foreign investment.

Elliott Hill returns as Nike CEO, sparking an 8% stock rise as he aims to lead the company through challenging market conditions and revive its competitive edge.

Wall Street surged Thursday as investors embraced the Fed’s first rate cut in four years, with major indexes rising and tech stocks leading the charge.

Rapaport and DMCC will host Dubai’s largest polished diamond auction with over 3,200 lots and more than 50,000 carats on offer for international buyers.

Facing over $1.2 billion in debt, Tupperware filed for Chapter 11 bankruptcy. The company plans to maintain operations and explore a sale to protect its brand.

The Federal Reserve’s upcoming rate decision could signal broader concerns about the economy, with analysts divided over the size of the expected cut.

Wells Fargo faces enforcement action from the OCC for deficiencies in anti-money laundering practices, impacting its financial crime risk management and controls.

Russia’s Central Bank raised its key interest rate to 19%, citing persistent inflation driven by increased defense spending amid the ongoing war in Ukraine.

UAE and India inaugurate a pivotal nuclear energy collaboration, setting a new standard for international agreements.