The global digital creative economy is poised to experience remarkable growth, reaching a staggering valuation of AED 27 trillion (approximately $7.35 trillion) by 2030. This prediction, highlighted in a recent white paper published by Dubai Design District (d3) and Dubai Media City, underscores the economic potential of creative industries powered by disruptive technologies such as […]

Global debt has surged to a record high of $312 trillion by the end of the second quarter of 2024, according to data from the Institute of International Finance (IIF). The financial services trade group cited significant borrowing from both the United States and China as the primary drivers of this increase, while emerging markets […]

On September 24, 2024, Moody’s Investors Service issued a report highlighting concerns about the future of the U.S. fiscal profile as the country heads into its 2024 presidential election. Regardless of whether Democrat Kamala Harris or Republican Donald Trump emerges as the victor on November 5, Moody’s anticipates that political challenges and the country’s already […]

The global financial landscape has been filled with cautious moves and careful maneuvers, as central banks in major economies like Japan and China kept their interest rates unchanged amidst a delicate balance of inflationary pressures, economic slowdown, and fluctuating market dynamics. Both the Bank of Japan (BOJ) and the People’s Bank of China (PBoC) are […]

The Bank of Japan (BOJ) maintained its short-term interest rates at 0.25% following a two-day meeting that concluded on September 20, 2024. This move, widely anticipated by market analysts, underscores the central bank’s ongoing efforts to balance between inflation control and fostering economic recovery. The BOJ also revised its outlook on consumption, offering a more […]

Sri Lanka’s presidential election, scheduled for Saturday, is set to be a crucial event that could shape the nation’s future trajectory, both politically and economically. The election has raised concerns about the ongoing economic recovery and its long-awaited debt restructuring deal with bondholders. As the nation grapples with lingering economic challenges, the outcome of this […]

The Federal Reserve took a significant step on Wednesday by announcing an anticipated series of interest rate cuts. The U.S. central bank opted for a larger-than-usual reduction, cutting its benchmark policy rate by half a percentage point. This move signals the Fed’s commitment to maintaining economic stability, particularly in terms of unemployment, following the recent […]

The upcoming Qatar-EU summit, set to take place in October 2024 in Brussels, is expected to be a pivotal moment in the strengthening of bilateral relations between Qatar and the European Union (EU). This will mark the first-ever leaders’ summit between the two entities, and according to H.E. Dr. Cristian Tudor, the EU Ambassador to […]

In his first press conference since taking office in July, Iranian President Masoud Pezeshkian made a bold declaration to address two of the most significant issues facing Iran: its Financial Action Task Force (FATF) blacklist status and the Joint Comprehensive Plan of Action (JCPOA), commonly known as the 2015 nuclear deal. These two interconnected challenges […]

The British public’s inflation expectations for the coming year have fallen to their lowest level in three years, according to a Bank of England (BoE) survey released in September 2024. This dip in expectations is likely to reassure policymakers as they prepare for the central bank’s upcoming interest rate decision, which is scheduled for later […]