MENA Newswire News Desk: When comparing the benefits of setting up a business in Dubai versus the Cayman Islands, Dubai emerges as the clear winner for a variety of reasons that go beyond simple tax incentives. Dubai’s thriving infrastructure, strategic location, and dynamic market opportunities position it as a more…

MENA Newswire News Desk: Trade between Moscow and BRICS countries rose by 14.7% in the first half of 2024, marking a significant boost in international commerce. The increase was confirmed by the Mayor of Moscow’s office and reflects efforts to strengthen economic ties between Moscow and its BRICS partners. Maksim Liksutov, Deputy Mayor…

Job openings in the U.S. dropped to their lowest level since January 2021, adding to signs of a slowing labor market. The Bureau of Labor Statistics reported 7.67 million open positions at the end of July, down from 7.91 million in June. The July figure fell short of economists’ expectations,…

China announced on Tuesday that it will initiate an anti-dumping investigation into canola imports from Canada. The move comes shortly after Canada imposed significant tariffs on Chinese electric vehicles (EVs), leading to a sharp increase in domestic rapeseed oil futures in China. Last week, Canada followed the United…

China has issued a stern warning to Japan, threatening significant economic retaliation if Tokyo proceeds with additional restrictions on the sale and servicing of chipmaking equipment to Chinese firms. The move complicates ongoing US-led efforts to curb China’s access to advanced semiconductor technology. Japanese officials have been briefed…

The S&P 500 rebounded in August after a rocky start, ending the month with a 2.3% gain. This marked a reversal from the early August slump, where the index dropped by 6.1% in the first three trading sessions. Despite the volatility, 71% of stocks in the S&P 500 posted gains…