Browsing: Business

MENA Newswire News Desk: Chipmaker Qualcomm has approached its struggling rival Intel about a possible takeover in recent days, according to sources familiar with the matter. The potential deal, which remains far from certain, has yet to result in a

MENA Newswire News Desk – The UAE is expected to witness significant economic growth, with a 4.8% expansion projected by 2025, according to Oxford Economics. This growth will be driven primarily by the non-oil sector, buoyed by government investment and

MENA Newswire News Desk: The total market capitalization of Arab stock exchanges reached $4.268 trillion by the end of August 2024, reflecting a 0.52% growth from July 2024, according to the latest figures from the Arab Monetary Fund (AMF). This

MENA Newswire News Desk: Stocks surged on Thursday as Wall Street celebrated the Federal Reserve’s significant rate cut. The Dow Jones Industrial Average rose by 380 points, or 0.9%, while the S&P 500 gained 1.5%, and the Nasdaq Composite surged

MENA Newswire News Desk: European and Asian stock markets slid on Friday as investors awaited the release of key U.S. jobs data that could significantly influence the Federal Reserve’s next move on interest rates. The anticipated payroll report is expected to provide crucial insights

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 announced on Tuesday that it will initiate an anti-dumping investigation into canola imports from Canada. The move comes shortly after Canada imposed significant tariffs on Chinese electric vehicles (EVs), leading to a sharp increase in domestic rapeseed oil futures

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