Economy

Goldman Sachs predicts four Fed rate cuts by mid-2025, citing economic uncertainty and potential election impacts. Labour market weakness drives expectations for monetary easing.

Vodafone and Three’s £15 billion merger could reshape the UK mobile sector, but regulators require binding commitments to safeguard consumer interests and bolster infrastructure. Public feedback remains pivotal as the final decision looms.

The UAE banking sector has achieved record capital reserves of over 500 billion dirhams, with foreign and national banks collectively bolstering the economic landscape.

Saudi Arabia and Turkiye solidify economic ties with ten new agreements at a major business forum in Istanbul, aiming for $30 billion in bilateral trade.

Property brokerage Driven Properties has finalised the largest real estate deal Downtown Dubai for the fiscal year of 2024, acquiring Emaar Square Building 3 for 505 million dirhams.