Category: Market

  • Postpone remittances? Pakistani rupee value to rise in October, Philippine peso to stay strong

    The value of a country’s currency is linked with its economic conditions and policies, and generally depends on factors that affect the economy. These include factors such as imports and exports, inflation, employment, interest rates, growth rate, trade deficit, performance of equity markets, foreign exchange reserves, and macroeconomic policies, inflow of investments, banking capital, commodity…

  • India aiming to monetize $24 billion worth of highways by 2027

    Mumbai: The Indian government is expected to monetize close to Rs2 trillion ($24.1 billion) worth of highways over the next few years, a rating agency has said. With 4,000 kilometers to 4,500 kilometers (2,796.2 miles) of new roads likely to be commissioned annually by the National Highways Authority of India over the next three years,…

  • Embracing AI is the battle plan for Philippines’ call centers

    “The AI train has left the station, and it’s moving very, very fast,” he said late Thursday. “We need to match that speed.” Like the rest of the world, the Philippines is bracing for disruption from AI, as bots take on more call center jobs. Adapting to the technology is crucial for the Philippines, whose…

  • UAE’s resident base of millionaires is rising – and creating more growth dynamics

    The UAE is set to attract 4,000 plus millionaires this year, as per the latest reports on global immigration and wealth shift trends. The Middle East as such is witnessing a solid and sizeable focus shift from oil to non–oil based projects. Led by Saudi Arabia and the UAE, these countries are trying to woo…

  • UAE’s EDGE Group acquires 50% stake in Brazilian smart weapon specialist SIATT

    This acquisition follows a collaboration pact signed in Rio de Janeiro earlier this year and is an outcome of the subsequent co-development arrangement between EDGE and the Brazilian Navy. The collaboration is centered on advanced long-range anti-ship missile technology for the MANSUP national anti-ship missile project, with SIATT supplying expertise in guidance, navigation, control, and…

  • Ambani’s JioCinema to appoint former Google manager as CEO

    The executive, who has already started at the company, was an early investor and adviser to James Murdoch and Uday Shankar’s Bodhi Tree investment firm, according to his Linkedin page. JioCinema’s parent company, Viacom18, is a joint venture of Indian billionaire Mukesh Ambani’s Reliance Industries, Paramount Global and Bodhi Tree. A Reliance Industries representative did…

  • Abu Dhabi’s IHC Capital disposes of investment in Adani companies

    IHC Capital Holding subsidiaries have disposed of their investment in Adani Group companies. As part of an “overall portfolio rebalancing strategy”, Green Energy Investment Holding RSC Ltd and Green Transmission Investment Holding RSC Ltd, have “entered into a definitive agreement with a buyer to dispose of its FDI investment in Adani Green Energy Ltd and…

  • Institutional investment in UAE stock markets tops Dh8 billion since start of 2023

    The significant increase in institutional investments in local shares is a reflection of the growing confidence in the UAE markets and their future growth prospects. This confidence is driven by the strength of the UAE’s economic fundamentals, the strong performance of the companies operating in the country, and the attractive investment opportunities that the markets…

  • After all the Fed rate moves, will US economy get a soft landing?

    Financial markets entered an area of turbulence last week, which started when the Fed’s committee concluded. As expected, the FOMC delivered a ‘hawkish skip’ – they didn’t raise interest rates, but their future projections still include one more hike for 2023, and now only two cuts for 2024, which compares to four cuts implied by…

  • Philippine peso slides further: Will it hit Php65 vs $1?

    MUFG Global Markets Research suggests that the Philippine Peso is likely to experience further depreciation in the short term, due in part to the country’s substantial current account deficit and the cautious stance of its central bank. The value of the Philippine peso sharply weakened to an 18-year low of Php 56.37 to $1 in…