UAE voices grave concern over ship attacks, Strait of Hormuz closure Adnoc reported one crew fatality amid attacks on its vessels since the regional conflict, as Dr Al Zeyoudi called for the strait’s reopening at BRICS talks in Jaipur 3 min read
US labour market stable; worker productivity accelerates in second quarter Initial claims for state unemployment benefits rose 1,000 to a seasonally adjusted 199,000 for the week ended August 1, the Labour Department said. Economists had forecast 202,000 claims 4 min read
India's central bank holds rates, awaits clearer inflation signal before acting India's 10-year bond yield was largely unchanged at 6.78%, while the rupee weakened as policymakers await clearer evidence on whether rising oil prices are fuelling broader inflationary pressures 3 min read
Fed's 'hawkish hold' muddies path for stocks and bonds Investors are now combing through economic data for any signal of the Fed's next move, a dynamic that many say could trigger sharper bouts of volatility 3 min read
India's gold tariff hike boosts grey market, hurts organised trade, says WGC India, the world's biggest gold consumer after China, more than doubled import tariffs to 15% on May 13 to curb demand, cut the trade deficit and ease pressure on the rupee 2 min read
GCC debt maturities to hit $143b peak in 2029, UAE leads corporate wall GCC governments and companies face a record $491b in bond and sukuk maturities through 2030, with UAE banks and corporates shouldering the region’s biggest repayment burden 2 min read
UAE maintains interest rate following US Federal Reserve decision June's economic data provided support for the Federal Reserve to keep rates unchanged, expert says 2 min read
US Fed expected to hold rates steady as inflation hawks circle Most investors expect the Fed to hold rates at 3.50-3.75% for the fifth straight meeting, according to CME's FedWatch monitoring tool -- but bets on a rate-hike have been rising 3 min read
UAE’s strong buffers, diversified economy to weather regional tensions — Moody’s Despite revising its Mena outlook to negative, Moody’s says the UAE’s vast financial reserves, alternative export routes and diversified economy provide resilience against regional disruptions 2 min read
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