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On January 30, 2025, gold rates in the UAE are 24K: AED 334.25, 22K: AED 309.50, 21K: AED 299.50, and 18K: AED 256.75. The UAE is a major hub for …
Current Gold Rates and Market Dynamics in the UAE Read More
As of January 22, 2025, gold rates in the UAE are: 24K AED 333.25, 22K AED 308.50, 21K AED 298.75, and 18K AED 256.00. The UAE is a significant global …
Latest Gold Rates in UAE and Market Overview as of January 2025 Read More
As of December, Nigeria’s annual inflation rate nearly reached a 29-year high at 34.8%, with significant contributions from transportation costs. The National Bureau of Statistics plans to revise its methodology …
Nigeria’s Inflation Rate Nears 29-Year High Amid Data Revisions Read More
President Bola Tinubu announced the creation of the National Credit Guarantee Company to enhance credit access for individuals and essential sectors. This entity, set to operate by June, is a …
Nigeria’s Tinubu Unveils National Credit Guarantee Company for Economic Growth Read More
Kenya and Uganda are set to announce key economic updates, including GDP and inflation data, which will significantly influence regional markets. Asian markets have reacted negatively due to shifts in …
Kenya and Uganda Prepare for Significant Economic Updates Amid Market Adjustments Read More
Uruguay’s Central Bank increased the benchmark interest rate from 8.5% to 8.75% to align with a 4.5% inflation target. Despite stable year-on-year inflation at 5.03%, core inflation is rising. GDP …
Uruguay’s Central Bank Raises Benchmark Interest Rate to Combat Inflation Read More
Fitch Ratings upgraded Oman’s outlook to positive owing to strengthened fiscal measures, projecting GDP growth of 1.8% in 2024. Meanwhile, Egypt’s economic outlook was downgraded to 3.7% for FY 2024/2025, …
Fitch Ratings Revises Oman’s Outlook to Positive, Downgrades Egypt’s Growth Forecast Read More
Brazil’s real fell to a record low against the US dollar, trading at 6.20 reais. Worries about fiscal discipline under President Lula’s government, compounded by rising interest rates, contribute to …
Brazil’s Currency Hits Record Low as Economic Concerns Mount Read More
Brazil is facing below-average rainfall, significantly impacting coffee production and leading to rising coffee prices. This climate-induced threat to crop yields could alter market dynamics, with global repercussions for the …
Below-Average Rainfall in Brazil Elevates Coffee Prices Read More
HSBC is considering scaling back retail banking in Mexico, Malaysia, Indonesia, and possibly other markets to focus on wealthier clients and streamline operations. The restructuring is part of a broader …
HSBC’s Strategic Shift: Scaling Back Retail Banking in Emerging Markets Read More