UAE’s Food Sector to Add $10B to GDP, Create 20,000 Jobs by 2030
The UAE food sector is poised for significant growth, projected to contribute $10 billion to the nation’s GDP and create 20,000 jobs by 2030. This announcement was made by Abdullah Bin Touq Al Marri, Minister of Economy, during the sixth edition of the Future Food Forum 2024. As the UAE strengthens its commitment to […]
Federal Reserve Cuts Rates by Half a Percentage Point, UAE, and Gulf Central Banks Follow Suit
In a significant move, the United States Federal Reserve announced a 50 basis point cut to its benchmark interest rate, lowering it to a range of 4.75% to 5%. This marked the Fed’s first rate reduction after a prolonged series of hikes aimed at curbing inflation. Following this, central banks across the Gulf region, […]