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Digital customs transactions skyrocket by 72% in Abu Dhabi

The General Administration of Abu Dhabi Customs has reported a remarkable surge in digital customs transactions across the ports of the Emirate of Abu Dhabi in 2023. This surge amounted to an impressive 72% growth compared to figures from…

European markets struggle; Barclays surges 7% on earnings

European stock markets experienced a lackluster performance on Tuesday, reflecting the ongoing struggle to uplift sentiment amidst global market uncertainties. The pan-European Stoxx 600 index remained relatively flat, edging down by 0.1%…

Israeli economy reels as GDP shrinks by 20% amid Gaza war

Israel’s gross domestic product (GDP) took a significant hit, contracting by nearly 20% in the fourth quarter of 2023, according to official figures released recently. This downturn surpassed earlier predictions by analysts, who had…

BRICS surge in millionaires to outpace G7 nations

A recent report by Henley & Partners forecasts an unprecedented 85% surge in the millionaire population within BRICS nations over the next ten years, marking the highest growth in wealth among any group of nations. The report, conducted…

PM Modi and Sheikh Mohammed unveil plans for Bharat Mart

Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister, and Ruler of Dubai, alongside Prime Minister Narendra Modi of India, marked a significant milestone today by laying the foundation stone for Bharat Mart, a…

Japan slips to fourth-largest economy as recession hits

Japan, a former economic powerhouse, has been displaced from its longstanding position as the world’s third-largest economy by Germany. This significant shift in global economic rankings comes as Japan unexpectedly slips into recession,…

IMF predicts global interest rate drop by mid-2024

The ongoing World Governments Summit 2024 (WGS) witnessed a pivotal plenary session headlined by Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), shedding light on the trajectory of global interest rates.…