Emirates Islamic Bank Reports Record Dh2.5 Billion Profit in 2024
Dubai’s Emirates Islamic Bank has achieved its highest-ever profit, reporting Dh2.5 billion for the first nine months of 2024, a 52% increase compared to the same period last year. The bank’s total income grew by 16%, reaching Dh4.1 billion, driven by significant increases
“Lower Energy Prices Predicted: Relief for Consumers as Global Oil and Gas Supplies Increase”
Consumers may finally see relief from soaring energy prices, as the International Energy Agency (IEA) predicts a significant drop in oil and natural gas costs over the next five years. After years of price spikes following Russia’s invasion of Ukraine in 2022 and
China’s Fiscal Strategy: Major Debt Issuance Aimed at Reviving Economic Growth
China is planning a significant increase in government spending to help low-income households, support the real estate market, and strengthen state banks, according to Finance Minister Lan Foan. Speaking at a press conference, Lan announced that the government will introduce more “counter-cyclical measures”
“Urban Outfitters Faces Challenge in Winning Gen Z, Aims for Turnaround Like Abercrombie”
Urban Outfitters’ Disconnect with Gen ZUrban Outfitters, once a favorite among young adults for its vintage-inspired styles, has acknowledged its struggles in capturing the attention of Gen Z. In a recent earnings call, the company admitted to missing significant shifts in fashion trends
Saudi Fashion Industry Soars: 2024 Report Highlights Growth, Gender Equality, and Market Value
The Saudi Fashion Commission has unveiled its 2024 State of Fashion Report, showcasing the impressive growth of Saudi Arabia’s fashion industry. The report was presented during an investment tour in London, organized by the Fashion Futures initiative, and was delivered in a custom-designed
UAE-Australia Trade Deal Set to Accelerate Multi-Billion Dollar Business Growth
Strengthening Trade Ties with New Agreement A newly signed trade deal between the UAE and Australia is set to enhance trade relations and foster significant business growth across a wide range of industries. With tariff reductions and streamlined customs procedures, the agreement opens
Jefferies’ Christopher Wood Adjusts Equity Allocations: India Decrease and China Increase Amid Geopolitical Tensions
Reduction in Indian Equity ExposureChristopher Wood, the global head of equity strategy at Jefferies, has reduced his exposure to Indian equities by one percentage point as of October 2, 2024. Despite this adjustment, Wood remains ‘overweight’ on Indian markets, even amidst ongoing volatility
iPhone 16 Sales Start Slower Than Expected, But Holiday Surge Anticipated
Apple had high hopes for the iPhone 16, banking on new artificial intelligence (AI) features to drive sales. However, early sales estimates show that the iPhone 16 isn’t performing as well as Apple anticipated. Lower Pre-Sale Numbers for iPhone 16 Apple sold an
The Rise of Birria: Transforming Menus Across America
Birria, once a regional Mexican dish, has exploded in popularity across U.S. restaurant menus, increasing over 400% in the past four years, according to market research firm Datassential. The dish, traditionally a slow-cooked beef or goat stew seasoned with spices and chiles, has
Why Remote Work Benefits Are Here to Stay: Amazon’s Moves and Jamie Dimon’s Comments Don’t Signal the End
Recent moves by Amazon and comments from JPMorgan Chase CEO Jamie Dimon have sparked concern over the future of remote work. However, workplace trends and employee preferences suggest that remote work benefits are not going away any time soon. Flexibility is a Top