Dubai, United Arab Emirates: Zoya Developments has commenced construction of Calisi, its latest AED 80 million residential project in Dubai South, just 30 days after its official launch. The milestone reflects the company’s focus on maintaining efficient development timelines and moving projects sw…
Middle East: The global luxury sector enters the second half of 2026 confronting a compounding polycrisis of economic volatility, geopolitical turbulence, and deep cultural shifts, even as underlying fundamentals point to a gradual stabilization, Bain & Company, in partnership with Altagamma, the I…
Business confidence in Portugal edged up to 2.8 in June 2026, the highest in four months, after being steady at 2.7 previously.Optimism increased among service providers (8.5 vs 8.3 in May), constructors (4.3 vs 3.8) and traders (4.2 vs 3.3), particularly retailers (6 vs 4.7).On the other hand, sen…
When macro manager Nils Brobacke stepped down from managing Brobacke Global Allokering in late 2025, the team at Alfakraft Fonder faced a choice: wind down the fund or build on its foundations. They opted for the latter, partnering with macro strategist John Ricciardi and his firm Luccai to launch…
The UK’s Financial Conduct Authority (FCA) has introduced today (Monday) updates on the Consumer Duty regarding wholesale financial businesses that signal a course correction for a regulation that perhaps reached too far, too fast.Since being introduced in mid-2024, the Duty has mandated an expensi…
Cairo – As part of their continued efforts to support small and medium-sized enterprises (SMEs) and enhance their ability to grow and scale, Vodafone Business and Banque Misr have signed a strategic partnership to provide entrepreneurs and SMEs with innovative operational and financial solutions th…
HONG KONG, June 29, 2026 - (ACN Newswire) - The Hong Kong Trade Development Council (HKTDC) has upwardly revised its 2026 export forecast to year-on-year growth of above 20%. This follows a stronger-than-expected performance since the start of the year as well as sustained momentum in the global de…
Spain expects its economy to grow by 2.6% in 2026, up from a prior forecast of 2.2% annual growth, the Economy Ministry said on Monday.The ministry also said it sees the economy growing by more than 2% each year until 2029.Spain has been an outlier among European economies, outpacing peers that hav…
Montenegro’s trade deficit widened to €348.7 million in May 2026 from €338.2 million in the same month last year.Exports rose 7.5% year-on-year to €39.1 million, while imports grew 3.5% to €387.7 million.On a cumulative basis, the trade deficit expanded to €1,512.8 million from €1,458.4 million a y…
The Eurozone industrial confidence indicator rose slightly to -7.7 in June 2026 from -7.9 in May, but was below forecasts of -7.2.There was a marked improvement in managers' assessment of stocks of finished products and stronger production expectations, while assessments of the current level of ord…
Staff WriterDUBAI - The Halal Trade and Marketing Centre (HTMC), an initiative of the Dubai Integrated Economic Zones Authority (DIEZ) headquartered in Dubai Airport Freezone (DAFZ), today announced the signing of a Memorandum of Understanding with the Korea International Trade Association (KITA…
Industrial production in Cyprus increased by 1.4% year-on-year in April 2026, slowing from an upwardly revised 4.9% increase in the previous month.This marked the lowest increase since October 2024.The moderation was driven by slower growth in mining and quarrying (4.5% vs. 9.2% in March), manufact…
By Ed FranklEconomic confidence in the eurozone edged higher in June, as selling-price expectations fell back and after oil prices declined on cooling tensions in the Middle East.The European Commission said Monday that its economic sentiment gauge rose to 95.0 from 93.7 in May, albeit remaining we…
By Suban AbdullaBritish lenders approved the fewest mortgages since December 2023 in May and consumer lending grew less than expected, according to Bank of England data that laid bare the impact of higher borrowing costs caused by the U.S.-Israeli war on Iran.The BoE said on Monday that 56,205 mort…
The index measuring services sector confidence in the Eurozone rebounded to 3.2 in June of 2026 from 2.6 in the previous month, the highest since March, and slightly ahead of market expectations of 3.Expectations on the evolution of demand improved to 7.3 from 5.4 in May, supported by expectations…
Staff WriterDUBAI - Expo City Dubai has signed an agreement with Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, to introduce tailored mortgage and home financing solutions designed to support buyers across its diverse residential portfolio.The par…
By Sumit SahaGold fell on Monday as recent hostilities in the Gulf fueled inflation concerns that added to U.S. Federal Reserve rate-hike expectations, pressuring the non-yielding metal.Spot gold TVC:GOLD was down 0.9% at $4,049.90 per ounce, as of 0857 GMT. U.S. gold futures TVC:GOLD for August de…
Monaco – In a move that reflects the growing international interest in Egypt’s marina and yacht tourism sector, Raunautica, a subsidiary of RNY Global specializing in the management and operation of marinas and yacht clubs, has signed a strategic partnership agreement with M3 Monaco, a global leade…
The Eurozone Economic Sentiment Indicator rose for a second consecutive month to 95.0 in June 2026, moving further from April’s five-year low and surpassing market expectations of 94.3, as businesses and consumers continued to evaluate the economic impact of the Iran war amid ongoing US-Iran peace…
Portugal's consumer confidence index rose to -25.9 in June 2026 from -27.1 in May, marking the first improvement in sentiment since December 2025.Over the past year, consumer sentiment weakened, with households' financial outlook deteriorating to -16.2 from -15.5 and perceptions of the country's ec…
