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MENA Newswire News Desk: The Swiss National Bank (SNB) announced a 25 basis point cut to its policy rate on Thursday, bringing it down to 1.00%, marking the central bank’s third reduction in 2024. The move aligns with global trends,
MENA Newswire News Desk: Precious metals are shining brighter as gold hit an all-time high of USD 2,607 per ounce earlier this month, reflecting a surge of over 25% year-to-date. Experts point to the influence of macroeconomic uncertainties, geopolitical tensions,
MENA Newswire News Desk: Rapaport Diamond Corporation and Dubai Multi Commodities Centre (DMCC) announced the largest polished diamond auction in Dubai’s history by the number of lots. The auction, to be held in the Dubai Diamond Exchange, will feature over
MENA Newswire News Desk: In a landmark move, the Emirates Nuclear Energy Corporation (ENEC) and the Nuclear Power Corporation of India Limited (NPCIL) have inked a pioneering agreement to bolster nuclear energy cooperation. This accord, signed in New Delhi, will enable both entities to exchange expertise
MENA Newswire News Desk: Complaints of fraud and scams have surged to a six-year high, driven largely by a rise in online bank transfers used in investment scams. The Financial Ombudsman Service (FOS) reported receiving 8,734 complaints from consumers between April and June this
China has issued a stern warning to Japan, threatening significant economic retaliation if Tokyo proceeds with additional restrictions on the sale and servicing of chipmaking equipment to Chinese firms. The move complicates ongoing US-led efforts to curb China’s access to
China has issued a stern warning to Japan, threatening significant economic retaliation if Tokyo proceeds with additional restrictions on the sale and servicing of chipmaking equipment to Chinese firms. The move complicates ongoing US-led efforts to curb China’s access to
The S&P 500 rebounded in August after a rocky start, ending the month with a 2.3% gain. This marked a reversal from the early August slump, where the index dropped by 6.1% in the first three trading sessions. Despite the volatility, 71%
China’s economic foundations are under intense strain as key sectors struggle to maintain momentum. Factory activity contracted for a fourth consecutive month in August, signaling deepening deflationary pressures. The National Bureau of Statistics (NBS) reported that the official manufacturing purchasing managers’ index
India is set to unveil its largest deep-water port, Vadhvan, in Maharashtra on Friday, with Prime Minister Narendra Modi slated to lay the foundation stone, according to a report by Asian News International (ANI). The port, located in Palghar, is expected to significantly