M&A becomes new arm for wealth funds to drive Middle East economy
The Middle Eastern sovereign wealth funds are growing, and the recent government decree has ensured the transformation of these funds into a gold mine for
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Egypt to IPO 20 state-owned businesses: PM Mostafa Madbouly
Mostafa Madbouly stated that the investors are anticipated to restructure state-owned businesses, raise additional capital, and create more job possibilities
Weak iPhone sales cause Apple’s first earnings shortfall since 2016
Apple's quarterly sales were down worldwide, falling 5% to USD 117.2 billion
Arab Health 2023: AI to lead UAE’s healthcare revolution
UAE is also witnessing a transition towards a much more refined data-centric approach to healthcare
Half of Americans spend 30% of income on rent
According to Rent.com researcher Jon Leckie, the pandemic-era rush for real estate was to reason for the sharp increase in rents
Despite improved revenue show, recession cloud looms over Visa
Visa's sales went up by 12% to USD 7.9 billion, which is the slowest growth rate in the last seven quarters
Pay raise amid recession: What is in minds of UAE and Saudi professionals?
More than seven in ten of the UAE employees polled, stated they would reject a new position or promotion if it required them to work
Amid inflation, UK income disparity reaches its three-year high
According to the Office for National Statistics, the median household income for the poorest fifth of households fell by 3.8%
Get paid for not using electricity: UK National Grid introduces new scheme
The United Kingdom gets its electricity from several sources, including nuclear, wind, and gas-fired power plants
Global interest rates will hit their highest level since 2007, investors believe
In December 2022, Fed officials forecasted raising interest rates above 5% in 2023 and maintaining them there for the remainder of the year