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Crude oil prices rose on the global commodity market yesterday as geopolitical tensions escalated after Ukraine targeted several Russian military air bases as Kiev and Moscow prepared for peace talks in Istanbul, dmarketforces.com reported.

Business activity hidden in the shadows generates trillions of dollars in revenue every year, and the value of the global shadow economy is estimated at 11.8% of world GDP, or $12.5 trillion, according to an analysis by consulting firm EY.

The United Arab Emirates last week recorded a historic temperature record for May, reaching 50.4 degrees Celsius in the Al Shawamekh region of the emirate of Abu Dhabi. The information was transmitted by the National Center for Meteorology on the...

Dubai Holding, an investment conglomerate owned by the emirate's ruler, is seeking to raise up to 1.79 billion dirhams ($487 million) through the initial public offering (IPO) of its residential real estate investment trust (REIT) launched on...

As artificial intelligence (AI) rapidly becomes part of our daily lives, concerns about its impact are growing, but not everyone sees the same risks, according to a visualcapitalist.com analysis.

There were over 2,700 billionaires worldwide as of April 2024, with a combined net worth of $14.2 trillion, according to Forbes estimates. But even among the ultra-rich, wealth is far from evenly distributed, with significant concentration in...

Since 2020, the year of the Covid pandemic, 176 ultra-rich people with a total wealth of over $400 billion have moved to a new country, which is the equivalent of about 1 in 15 billionaires in the world, according to an analysis by...

Etihad Airways, the national airline of the United Arab Emirates, will postpone the launch of its initial public offering (IPO) until the second quarter of this year, after the Muslim holiday Eid al-Fitr, which marks the end of Ramadan (March...

Talabat Holding Plc, one of the Middle East's largest food delivery companies, raised $2 billion in the UAE's biggest initial public offering (IPO) this year, but its debut on the Dubai Stock Exchange was disappointing, Bloomberg reports....

About half of the world's service exports are now conducted on digital platforms.

The wealth of the world's billionaires has increased in the last ten years, according to data from a study published yesterday by the Swiss banking group UBS AG, according to DPA.

Talabat Holding, one of the largest food delivery companies in the Middle East, is set to raise about $2 billion in the United Arab Emirates' largest initial public offering (IPO) this year after its parent, Germany-based Delivery Hero SE,...

As protectionism continues to rise around the world, global trade flows are adjusting, according to an analysis by visualcapitalist.com, which notes that last year, global goods exports totaled $23.8 trillion, down 5% from 2022.

German delivery company Delivery Hero SE is seeking to raise up to $1.5 billion from an initial public offering (IPO) of its Middle East unit, Talabat, in a deal that would rank as one of the region's largest in 2024, Bloomberg reported.

The Bank for International Settlements (BIS) is considering the possibility of closing the mBridge pilot project, a cross-border payments platform that Russian President Vladimir Putin considers a solution to circumvent international sanctions...

The final declaration of the BRICS 2024 Summit held last week in Russia, a document that emphasizes supporting Africa in this period of global transformation, is a gauntlet thrown in the face of the US, according to an article published on Friday...

Russia has proposed the establishment of a grain exchange between the member states of the BRICS group, which could later be expanded to trade other important raw materials, President Vladimir Putin said yesterday in the inaugural speech at the...

The BRICS summit that is taking place these days in Kazan, Russia, also has on its agenda the request made by Turkey to acquire the status of a full member of that economic organization, after until now it had observer status. Turkish President...

The BRICS member states must take several critical decisions at the Kazan summit in order to improve cooperation within the group, Russian leader Vladimir Putin said yesterday, on the first day of the BRICS summit he is hosting.

Despite the fact that countries such as the US, China, India or Germany often dominate the economic rankings, the United States is the only economy in the Top 10 in terms of GDP per capita, according to a visualcapitalist.com analysis based on...

Immediately after Tuesday night's attack, the White House said President Joe Biden and Vice President Kamala Harris were "closely following the Iranian attack against Israel." Furthermore, the State Department stated: "President...

Oil futures quotes rose by around 3% yesterday, on the international stock exchanges, against the backdrop of escalating tensions in the Middle East, as concerns are fueled that Iran's military attack against Israel could lead to new...

In an unstable economic context and marked by multiple challenges, the debate on the establishment of a Sovereign Investment Fund (SIF) was recently relaunched in the public space, a topic that will be extensively analyzed in an event organized...

The fine world of football is facing a moment that may dictate its future course of investment. The petro-dollars pumped into European football leave traces and they can create problems. Manchester City, one of the world's richest clubs, is...

It is not right that Turkey, which is a member state of NATO, requested to become a member of BRICS, even though the last organization is not a military one, but only an economic one, said deputy Nicu Fălcoi (USR), vice-president of the...

Turkey has formally applied to join the BRICS group of emerging nations, seeking to strengthen its global influence and forge new ties beyond its traditional Western allies, according to sources cited by Bloomberg.

Global energy consumption has significant regional variations due to differences in levels of industrialization, climatic conditions, population density and access to natural resources, as well as differences in energy policies and economic...

The tense situation in the Middle East, which has led to the cancellation of several flights by major airlines to Tel Aviv, has the immediate effect of airlines increasing the cost of freight by 10-15% and exploding passenger prices , according...

• The authorities in Moscow aim to launch the digital ruble in July next year 

• The US currency is up 40% from its 2011 lows, while currencies such as the yuan have depreciated against the dollar over the past decade, according to Business Insider 

In today's world, factors such as polarization, misinformation, scandals, economic instability and inequality have led to the deterioration of people's trust in institutions such as government and the media. But in some countries, trust...

The budget deficit continued its decline in the second financial quarter as well, its growth being a little smoother compared to the first three months of 2024. Thus, if at the end of March the budget deficit recorded for the first quarter stood...

• The planet does not have enough Jews 

The world's major economic powers, the US and China, are home to the majority of dollar millionaires in absolute terms, but there are other countries where the millionaire population, although small in number, is growing at the fastest rate....

The United Arab Emirates (UAE) will attract, in 2024, the most millionaires, i.e. high-net-worth individuals (HNWI), while China and Great Britain will lose the largest number of such people, according to the latest Henley Private Wealth...

Europe dominates the world ranking of competitiveness for the current year, with six economies from the region being in the top ten positions, three of which are even in the top five places (Switzerland, Denmark, Ireland), according to the...

Our country ranks first in the ranking of investigations completed in 2023 by the European Anti-Fraud Office (OLAF) regarding the use of EU funds managed or spent in whole or in part at the national or regional level, the Brussels-based...

• Israel stuck 

• April 1st 

The second month of spring was a stormy one for the PSD-PNL political coalition, which had to face the media revelations about how the doctor Cătălin Cîrstoiu - the candidate of both parties for the position of general mayor of the Capital - made...