Author: Arabian Media staff
Image: Getty Images/ For illustrative purposes The US Federal Reserve cut its benchmark interest rate by 25 basis points (bps) on September 17, lowering the federal funds target range to 4–4.25 per cent, the first reduction since December 2024. The move, aimed at cushioning the economy from a weakening labour market, had been fully priced in by investors after chairman Jerome Powell’s dovish tone at Jackson Hole and signs of cooling employment. The S&P 500 rose 3 per cent in the past month in anticipation of the decision. In its statement, the Fed said: “Recent indicators suggest that growth of…
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The update spans four years, from 2026 through 2029, and is aimed at ensuring transparency and continuity in financial services The post Saudi Central Bank announces 4-year holiday calendar for banks: What you need to know appeared first on Gulf Business. Source link
Image: Getty Images/ For illustrative purposes Artificial intelligence (AI) could boost the value of cross-border flows of goods and services by almost 40 per cent by 2040 if supported by the right enabling policies, according to the World Trade Organization’s (WTO) 2025 World Trade Report published on Thursday. The WTO Secretariat’s flagship publication said productivity gains and lower trade costs from AI could drive significant increases in both trade and global output. Under different scenarios, global trade is projected to expand by 34 per cent to 37 per cent by 2040, while global GDP could rise by 12 per cent…
Flexjet Gulfstream G700/Image: Supplied Flexjet, a global firm in luxury private aviation, announced the official addition of the Gulfstream G700 to its fleet, expanding one of the world’s most sophisticated large-cabin aircraft collections. The G700, Gulfstream’s largest and fastest jet to date, now offers Flexjet Owners access to a new benchmark of bold design, luxury, and performance in the fractional jet ownership marketplace. Unlike the years-long wait facing direct buyers, Flexjet Owners can gain immediate access to the aircraft, which remains in limited supply globally. Flexjet is introducing the programme with three of these $96m jets already in operation. “True…
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Beaumont Nathan team/Image: Supplied Beaumont Nathan, the leading international art advisory, has announced a major expansion of its global operations with two senior appointments and the introduction of new services designed to provide long-term, transparent support to families and private collectors. Strengthening international presence This autumn, Beaumont Nathan formally launches in the Middle East with the appointment of Lateefa bin Hamoodah as regional advisor, based in Abu Dhabi. A cultural strategist and arts patron, Lateefa has been active in the UAE’s art world for nearly a decade. She is a patron of the Louvre Abu Dhabi and serves on the…
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