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The U.S. stock market closed higher for June and the second quarter. Rising volatility, part of what we call Wall Street’s ‘Old Normal’, reflected uncertainty over the eventual outcome of the aggressive trade actions taken by the Trump administration aimed at lowering the protectionist barriers of other countries. A relatively strong economy continues to position U.S. equities...
India’s shareholding paves the way for more joint investment in EBRD regions. India has become the 69th shareholder of the european bank for reconstruction and development (ebrd), paving the way for more joint investment with indian companies across the ebrd’s regions. The Indian government applied for EBRD membership in December 2017. The...
Private Advisors VC has launched the Luxembourg based "The Quantum Revolution Fund" to invest in industrial applications of the second quantum mechanics revolution. It is the first private specialized, thematic, European VC fund for new applications of quantum technologies. The fund invests in different stages of the quantum industry, from research to direct investment in new start-ups....
Africa’s urban areas are booming, experiencing a high urban growth rate over the last two decades at 3.5% per year. This growth rate is expected to hold into 2050. With this growth, street food is going to become one of the most important components of African diets. The formal sector will just not be able to keep...
Globally,countries are losing $160 trillion in wealth because of differences in lifetime earnings between women and men. This amounts to an average of $23,620 for each person in the 141 countries studied by the World Bank Group in a new report released today. The study, Unrealized Potential: The High Cost of Gender Inequality in...
Emerging, Developing Economies to Accelerate as Commodity Exporters Recover WASHINGTON, June 5, 2018—Despite recent softening, global economic growth will remain robust at 3.1 percent in 2018 before slowing gradually over the next two years, as advanced-economy growth decelerates and the recovery in major commodity-exporting emerging market and developing economies levels off, the World Bank...
The UAE economy fared better in the last quarter of 2018 when contrasted with the earlier year and will perform better in 2019 too on the back of higher infrastructure spending, less fiscal fixing and other non-oil exercises, experts and business officials said. Another overview led by the Association of Chartered Certified Accountants and...
Emirates NBD, a leading financial institution in the Middle East, is pleased to announce that it has received the “Best Big Data Implementation in Banking for Next Generation Analytics” Award from Infomatica, the world’s enterprise data management leader. The award recognises Emirates NBD’s efforts as the first bank in the region to establish a...
The effects of artificial intelligence have barely begun to be seen and it is impossible to know the full extent of their impact in the future.According to some estimates, it could reach an additional production of 16 billion dollars exclusively from artificial intelligence in 2030.A technology that is capable of making decisions autonomously could revolutionize those works...
Yes. It’s true. Though quite unbelievable, the top ten global favorite tourist destination spots, Abu Dhabi at the Q4 Year ending 2018 saw a massive surge as the total amount of the tourists and hotel occupants rose to a record 1.50 million from 1.30 million in Q3 quarter. Riding on such positive aspect, the...
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