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Trading week begins with stock futures falling
Markets fell Monday evening ahead of the latest Federal Reserve meeting minutes and a flurry of economic data. Dow Jones Industrial Average futures fell 72 points, or 0.2%. Nasdaq 100…
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Dnata cargo warehouse in Erbil, Iraq will cost $14 million
Dnata, a global air and travel services provider, has broken ground on its new 20,000 m2 cargo warehouse, which will expand its operations at Erbil International Airport (EBL). Up to 50…
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A third of world economies will be in recession by 2023 – IMF chief
The International Monetary Fund (IMF) chief Kristalina Georgieva warns that this year will be tougher on the global economy than last year. In a CBS Sunday interview, she said the US,…
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Lagarde warns the ECB against allowing rapid wage growth to fuel inflation
There is a rapid increase in wages in the Euro zone. The European Central Bank should take steps to prevent this from adding to already high inflation, according to ECB President…
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UAE leads the Arab world in exporting manufactured goods
It has been reported by the Arab Monetary Fund (AMF) that the UAE ranked first in the Arab world in terms of the value of manufactured exports in 2021, with a total value of $142.5…
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Significant quarterly rise in gold is expected after interest rates decline
Gold futures settled unchanged at $1,826.2 on the last trading day of 2022, while spot gold rose 0.2% to $1,818.70. The yellow metal rose on Friday, as the non-yielding metal is on…
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Biden signs a bill funding government operations for $1.7 trillion
Joe Biden signed a spending bill worth $1.7 trillion on Thursday that will fund the federal government through September 2023, the end of the federal budget year. Just before Christmas,…
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Short sellers made $15 billion in profits betting against Tesla
Due to the continued decline in Tesla shares, Elon Musk is no longer the world's richest person. According to a report by S3 Partners, astute investors bet $15 billion that Tesla's…
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Azuki collection NFT that Logan Paul bought for $623,000 is now worth $10
Logan Paul, a YouTuber-turned-boxer, purchased a NFT for $623,000 from the Azuki collection. There has been a massive downturn in the crypto market and the NFT niche in particular,…
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Gates, Bezos and Branson back a green battery factory
An energy technology pioneer, Form Energy, with the backing of Bill Gates, Jeff Bezos, and Richard Branson has revealed the site of the first factory to manufacture 'iron-air' batteries…
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