SME News US Restores Economic Sanctions on Iran… The Trump administration moved to restore some US sanctions on Iran and reaffirmed plans to impose tougher penalties on the country’s oil sales in November.
SME News Facebook’s Share Price tanks, Rocking Markets… Company Earnings dominated the US equity markets after a sluggish start of the week and propelled the Nasdaq to a record close on Wednesday.
SME News Oil trades near $68 a barrel on escalating frictions… Global stock markets started last week on a cautious note waiting for Powell’s Congressional testimony and the repercussions of the Trump-Putin summit.
SME News France’s World Cup Win a Win for Unity and Diversity... The global debate over immigration is the human rights issue of our time.
SME News Tensions generated by stolid protectionist tactics show no sign of abating… Last week US equity markets started sluggishly due to the 4th of July long weekend, but when traders came back to work they set aside the trade war worries and focused on strong macro data.
SME News As Global Trade Wars Scare Markets, UAE Business Conditions Grow at Highest Rate YTD… Last week started on a negative note, due to the tussle on trade which affects sharply China and most other emerging markets.
SME News Women Start Driving in Saudi, Could Add $90 Billion to Economy… The US S&P 500 posted its first weekly loss in more than a month, after trade tensions between the US and China intensified
SME News UAE’s 100 per cent foreign ownership could see an immediate impact… At the start of last week it seemed that global stocks were heading for a strong performance as trade tension between US and China were defused by Trump.
SME News Sheikh Mohammed announces sweeping changes to UAE Visa rules… In a boost to the country’s economic competitiveness, the UAE Cabinet approved a new long-term 10 year visa for international investors and talented professionals.
SME News The IMF forecasts growth in the MENA region at 3.2%… Over 80% of the companies included in the S&P 500 have reported Q1 profits above estimates, and profits are at their highest in 7 years.
SME News Careem Hit by Cyberattack… Developed economies and China are performing in line with expectations growing at a healthy pace.
SME News Ongoing domestic pressures with US Presidency and action taken in Syria… Markets were dominated by ongoing domestic pressures with the US Presidency and action taken in Syria
SME News Your 60-Second Financial Markets summary… The Trade wars we mentioned over the past 2 weeks have reflected two bigger geopolitical challenges, the rise of populism and a move to a global economy led by a number of countries.
SME News Market Talk... After experiencing the worst week in two years, in the last week of the quarter, US equity markets enjoyed a respite.
SME News The Revolving Doors at the White House Continue… Another volatile week in Trump’s White House as he fired his Secretary of State, Rex Tillerson, over Twitter.
SME News Trade Wars... Fears over a trade war that had subsided at the beginning of the week were once again the catalyst of a global equity market drop in mid week.
SME News Dubai International Airport welcomed 7.96mn passengers in January... Last week two events took center stage: 1) the first congressional testimony by the new US Fed Chairman Powell and b) the opening salvo of a trade war by President Trump.
SME News Careem acquires RoundMenu to move into food delivery space... The US Fed is upbeat on the economic outlook and the monetary policy normalisation is likely to be more aggressive than markets anticipate.
SME News Crisis, what crisis?... Last week's extreme market turbulence was swiftly followed by global stocks resuming their upward march and volatility reverting to their historical norms.
SME News If it Feels like a Correction, then it is a Correction... So what happened last week? After a sustained period of unusually high returns and low volatility, the US Stock market had a significant adjustment brought about by fears on rising interest rates and inflation.
SME News The Dow Jones Sinks in Huge Market Rout... The Dow Jones Industrial Average index sank by a record 1,175 points, erasing ALL 2018 gains as US equities fell at their most dramatic rate in over 6 years.
SME News Markets respond to US Government Shutdown... Equity investors almost totally ignored the US government shutdown - with the S&P500 closing last week at yet another all-time high, its 10th record closing high of 2018.
SME News Growth continues despite global geopolitical uncertainty... The global equity rally cooled at the beginning of the week despite a rise in energy stocks on the back of higher oil prices.
SME News Dubai’s 2018 budget, discloses a 19.5% increase in state spending… Tax plan optimism propels Wall Street to record highs, while in Asia Japan’s Topix reclaims 26- year high.
