Browsing: Business

Rapaport and DMCC will host Dubai’s largest polished diamond auction with over 3,200 lots and more than 50,000 carats on offer for international buyers.

Facing over $1.2 billion in debt, Tupperware filed for Chapter 11 bankruptcy. The company plans to maintain operations and explore a sale to protect its brand.

Russia’s Central Bank raised its key interest rate to 19%, citing persistent inflation driven by increased defense spending amid the ongoing war in Ukraine.

UAE and India inaugurate a pivotal nuclear energy collaboration, setting a new standard for international agreements.

India targets a $500 billion electronics sector by 2030, aiming to be a global tech hub under Modi’s leadership.

India and the UAE today signed major agreements in nuclear energy, petroleum, and advanced technologies, reinforcing the Comprehensive Strategic Partnership between the two nations.

Moscow’s trade with BRICS nations surged by 14.7% in early 2024, highlighting the city’s growing economic partnerships across key industries like microelectronics and agriculture.

Saudi Arabia’s non-oil economy grew 4.9% in Q2 2024, powered by financial and insurance gains, supporting the Kingdom’s Vision 2030 focus on reducing oil dependence.

Russia has increased its daily gold purchases by 700%, allocating 8.2 billion rubles per day from September 6 to October 4, according to the country’s Finance Ministry.

UK house prices have risen 4.3% annually, with analysts warning that potential changes in the Autumn Budget could impact further growth, particularly if taxes increase.