The US dollar has slumped with next week’s presidential election result increasingly looked too close. With some polls showing Donald Trump gaining ground, the dollar is now at a three-week low versus the euro and a 12-day low versus the Japanese yen. The uncertainty has resulted in the fuelling in demand for perceived havens like the yen.
Dubai to host inaugural Global Government Cloud Forum
The Dubai Electronic Security Centre (DESC), in partnership with the World Bank Group, will host the Global Government Cloud Forum on January 21, 2025, at the Museum of the Future.
Honda, Nissan aim to merge by 2026 in historic pivot
Honda and Nissan are in talks to merge by 2026, they said on Monday, a historic pivot for Japan's auto industry that underlines the threat Chinese EV makers now pose to the world's long-dominant legacy car makers.
New hub for Emirati businesses launches at DXB
A new hub dedicated to empowering young Emirati entrepreneurs has opened its doors at Dubai International Airport (DXB), as the UAE aims to bolster its youths' international presence.
ADNOC drilling expands fleet with new jack-up rigs
ADNOC Drilling has enhanced its operational capabilities by receiving two new jack-up rigs, set to become operational in the first quarter of 2025.
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