Fed cuts rates by half point amid slowing job gains
The Federal Reserve cut rates by half a percentage point Wednesday, its first move since the Covid pandemic, in an effort to stabilize inflation and boost the weakening labor market....
Tag : economic growth
A new era in Indian banking – the resounding success of Modi’s leadership
The Indian banking sector, regulators, and investors exemplify a remarkable resilience born out of strategic planning and proactive governance. This strength, which has been consistently observed even amidst global financial crises, underscores the robust success...
India to surpass US as second largest world economy by 2075, predicts Goldman Sachs
In a groundbreaking report published on Monday, Goldman Sachs predicts that India is poised to surpass not only Japan and Germany but also the United States, becoming the world’s second-largest economy by 2075. This projection...
Modi’s historic visit paves way for stronger US-India bonds
During a momentous meeting at the White House, President Joe Biden and Prime Minister Narendra Modi penned a new chapter in US-India relations. The event showcased the mutual respect between two of the world’s largest...
UAE’s aviation sector soars: 31.8 million passengers in Q1 2023
The Central Bank of the UAE (CBUAE) has announced in its recent Quarterly Economic Review that UAE airports welcomed a whopping 31.8 million passengers in the first quarter of 2023. This figure represents a notable...
US gears up to engage with India’s dynamic leader, PM Modi
A wave of anticipation has swept across the United States as it readies itself to host one of India’s most transformative leaders, Prime Minister Narendra Modi, from the 21st to the 24th of June. As the...
Successful UAE-India partnership stands as a model of bilateral cooperation
New Delhi was a hub of activity on the 24th and 25th of May 2023 as it hosted the annual Confederation of Indian Industry (CII) conference. Prominent figures such as Sanjeev Bajaj, President of CII,...
Abu Dhabi hosts premier investment platform for global investors
The 12th edition of the Annual Investment Meeting (AIM Global 2023) is set to take place in Abu Dhabi from May 8 to 10. Participants from 170 countries are expected to attend the premier investment...
Post-COVID travel preferences must be addressed to drive growth in Emerging Asia
Emerging Asian economies are projected to maintain real GDP growth of 5.3% in 2023, according to the OECD Economic Outlook for Southeast Asia, China and India 2023. The region’s economies have been bolstered by the...
Saudi Arabia and OPEC+ allies agree to cut oil output by 1.16 million bpd
Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day on Sunday, ahead of a virtual meeting of an OPEC+ ministerial panel. The unexpected move takes...