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    Indian rupee plunges to record low as US dollar extends climb

    Indian rupee plunges to record low as US dollar extends climb

    28 Dec 2024

    The Indian rupee dropped to a record low on Friday, driven by increased dollar demand from maturing non-deliverable forwards and currency futures, according to Reuters. The sharp decline also triggered...

    Japan’s cabinet approves record $730 billion budget for next fiscal year

    Japan’s cabinet approves record $730 billion budget for next fiscal year

    28 Dec 2024

    Japanese Prime Minister Shigeru Ishiba’s cabinet on Friday approved a record $730 billion budget for the next fiscal year, while limiting new bond issuance to the lowest in 17 years...

    Kuwait to impose 15 per cent tax on multinational entities

    Kuwait to impose 15 per cent tax on multinational entities

    28 Dec 2024

    The Kuwaiti Cabinet endorsed a draft resolution on issuing a law imposing a 15-percent tax on multinational entities, which have business in more than one country or a state. This...

    China revises 2023 GDP by 2.7%, sees little impact on 2024 growth

    China revises 2023 GDP by 2.7%, sees little impact on 2024 growth

    26 Dec 2024

     China revised upwards on Thursday the size of its economy by 2.7 per cent, but said the change would have little impact on growth this year, as policymakers pledged more...

    UK economic output failed to grow in the third quarter

    UK economic output failed to grow in the third quarter

    24 Dec 2024

    Britain’s economy failed to grow in the third quarter, official figures showed on Monday, adding to the signs of a slowdown that has cast a shadow over Prime Minister Keir...

    Indian buyers shift to lower carat gold

    Indian buyers shift to lower carat gold

    21 Dec 2024

    Soaring gold prices have led many Indian families to opt for lightweight and lower-carat jewellery to stay within their budgets, industry officials said.“I wanted to gift my daughter 80 grams...

    Private equity pours into the Indian residential real estate

    Private equity pours into the Indian residential real estate

    21 Dec 2024

    V NagarajanThe residential sector witnessed significant growth in 2024 with domestic private equity (PE) investments playing a pivotal role in driving this momentum.As India’s population expands and urbanisation accelerates, there...

    Gold climbs after soft US inflation data

    Gold climbs after soft US inflation data

    20 Dec 2024

    Gold prices extended gains on Friday, supported by a softer dollar and Treasury yields after US economic data indicated a slowdown in inflation, although the Federal Reserve’s hawkish interest rate...

    ACRES’s Egypt pavilion features over 400 property projects and ventures

    ACRES’s Egypt pavilion features over 400 property projects and ventures

    19 Dec 2024

    The upcoming edition of Sharjah Real Estate Exhibition – ACRES, set to take place from January 22 to 25, 2025, will feature extensive participation from leading Egyptian real estate development...

    India’s economy ends 2024 with solid momentum as business grows

    India’s economy ends 2024 with solid momentum as business grows

    16 Dec 2024

    India’s private sector output grew at the fastest pace in four months, preliminary readings from a survey showed, helping the economy end 2024 on a positive note underpinned by sturdier...

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