The Federal Reserve rarely delivers one-off interest rate increases. When the US central bank raised interest rates for the first time in three years, it left Fed chairman Kevin Warsh facing a question: Are more rate rises to come? “I'm not going to prejudge any future decisions we make,” he told…
The Central Bank of the UAE on Wednesday raised its base rate for the Overnight Deposit Facility by 25 basis points to 3.9 per cent from 3.65 per cent. This comes after the US Federal Reserve raised interest rates by 25 basis points, from 3.75 to 4 per cent, as policymakers responded to…
The US Federal Reserve has raised interest rates by 25 basis points and signalled there could be one more rise this year to clamp down on high inflation driven by rising oil prices due to supply disruptions in the Middle East. The move, which ended about nine months of stasis and is the Fed’s…
The global gender gap has never been narrower – at 69.2 per cent closed – but it would take another 120 years to achieve gender equality at the current rate of progress, the World Economic Forum has said. That means full gender parity will not be reached within the lifetime of women alive today…
Nvidia announced that one of its flagship AI conferences, GTC will be returning to Washington later this year. Unlike the last time it took place in the US capital, public perception of AI has drastically soured. Polls show increased concern in the US about the potential impact AI will have on the…
Hotel operator Rotana is in talks to re-enter Syria as the country seeks to reintegrate with the wider global economy. “We would love to be back in Syria. We want to be back,” Rotana’s chief executive Philip Barnes said in an interview with The National at the Arabian Travel Market. “We are…
British supercar maker McLaren plans to invest £500 million ($675 million) to expand its UK manufacturing and engineering operations on the back of a larger investment commitment from Abu Dhabi’s L’imad, its main shareholder. As part of the investment, the company will speed up development of…
Ransomware activity across the Middle East has risen sharply, with organised criminal groups increasingly taking aim at Gulf businesses and sectors where disruption can put greater pressure on victims to pay, according to new research. Ransomware activity tracked by cybersecurity company CloudSEK…
The recent rise in US bond yields is emerging as a new source of investor anxiety after the 10-Year Treasury rose to a level not seen in almost two decades. A Bank of America fund manager survey on Tuesday said 33 per cent of respondents saw a “disorderly rise in bond yields” as the biggest market…
A hacker demanded a ransom of more than $5 million after breaching a private sector company in the UAE, the country's cyber security chief has said. Dr Mohamed Al Kuwaiti, head of cyber security for the UAE Government, said the attack involved the destruction of data linked to the company's…
The News Center shows headlines and short excerpts that publishers make available through their official feeds. Each story belongs to its publisher; open it to read the full article on the original website.
