The current market turbulence has raised alarm bells among investors, who fear that the world’s largest economy may be teetering on the brink of recession |
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| The sell-off, which began last Friday following disappointing US jobs data, has since spread to markets across Europe, Asia, and the Middle East |
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| Emaar, Emirates NBD, DIB sees massive drops alongside shares in ADX and Tadawul as global markets are affected by investor sentiments with Wall Street’s ‘fear index’ reaching its highest level in four years |
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| A perfect storm of financial circumstances led to global markets meltdown said Saxo Bank’s Chief Investment Strategist |
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| The US has seen disappointing economic data releases recently, fuelled by a labour market report from the US government causing concern |
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| “It would be beyond negligent for the Federal Reserve not to announce an emergency interest rate cut in response to the global rout in stock markets,” deVere Group CEO says |
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Residents of the UAE will enjoy a four-day weekend in 16 weeks |
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| Europe remains the top travel destination, accounting for 65 percent of all travel Schengen Visa requests processed |
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| The UAE has urged citizens to avoid areas with rioting in UK amid safety concerns |
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| Emirates cancels flights to and from Bangladesh amid ongoing unrest |
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| CBRE identifies a lack of quality stock as a factor in holding back potential of Saudi real estate market |
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| Saudi real estate developer ROSHN releases more than 1,250 homes in Riyadh |
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| Emirates to sponsor FA Cup competition for further four years |
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| Al Hamra in Ras Al Khaimah is targeting UK and GCC investors with roadshow at Harrods in London |
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| Dubai Chamber of Commerce figures show $21.5bn of exports to GCC region in first half of the year |
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| Bahrain’s Ministry of Finance and National Economy data shows expanding sectors in the Kingdom |
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| Saudi Arabia’s Ministry of Sport invites investors to tender for sports clubs in the Kingdom |
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| Saudi tax authorities are offering exemptions on tax fines until the end of 2024 |
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Inclusive and empowering, the region today stands proudly as a gaming and esports epicenter with vast opportunities for all to pursue dreams, harness talent, and realize potential |
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