The second edition of Gateway Gulf, hosted in Bahrain, concluded with a record-breaking $12 billion in announcements and deals, showcasing the country’s burgeoning economic landscape and its commitment to diversifying beyond oil. The event attracted top government officials and business leaders from around the world, focusing on key sectors like finance, technology, manufacturing, and real estate.
India is setting its sights on becoming a global shipbuilding powerhouse with an ambitious plan that includes a 25,000 crore Maritime Development Fund, a National Shipbuilding Mission, and purchase preferences for domestically built vessels. The goal is to boost domestic shipbuilding, reduce reliance on foreign vessels, and increase India’s share in sea-borne trade. This strategy aims to drive the country’s maritime sector towards self-reliance and economic growth.
Argentina’s economy is experiencing a significant shift under President Javier Milei’s pro-market reforms, with Gaucho Holdings, a diversified real estate and luxury brand company, poised to capitalize on the burgeoning investment landscape. The company believes Argentina’s economic resurgence, bolstered by increased foreign investment and a rebound in consumer credit, will create significant opportunities for investors in real estate, wine, and luxury goods.
Chhath Puja, a major festival celebrated with fervor in India, particularly by communities from Bihar, Jharkhand, and Purvanchali regions, is expected to generate a significant economic impact. The festival’s traditional rituals and practices, including the use of locally produced items, are contributing to the growth of small businesses and strengthening the ‘Vocal for Local’ movement.
Mortgage rates have risen for the fourth consecutive week, reaching their highest point since August, despite expectations of a Federal Reserve rate cut. This upward trend is pushing homebuyers to the sidelines, adding to the challenges of an already tight housing market. The article examines the factors contributing to the rise in mortgage rates, including strong economic data, rising Treasury yields, and government borrowing.
Spain’s economy has outperformed Germany and France this year, driven by a record surge in tourism. However, the country is facing its worst flooding in decades, which could potentially derail its economic progress. The floods have already caused significant damage and claimed the lives of over 150 people.
The Mortgage Bankers Association (MBA) is advocating for the creation of a National Housing Director to streamline housing policy amidst rising regulatory hurdles and political uncertainty. CEO Bob Broeksmit believes a centralized authority is crucial to navigate the complex landscape of housing regulations and ensure consistent oversight across agencies.
Former President Donald Trump has launched a scathing attack on Vice President Kamala Harris, claiming her victory in the 2024 election would lead to a devastating economic depression. He contrasts this with his own promises of economic prosperity, while also criticizing her handling of immigration and inflation. This comes amidst a complex economic landscape in the United States, with voters grappling with rising costs and the perception of an economic downturn.
The 2024 US Presidential Election is heating up, with economic concerns, policy platforms, and polling trends shaping the race between Vice President Kamala Harris and former President Donald Trump. This article delves into the key issues at stake, analyzes the candidates’ stances, and examines the latest polling data to provide insights into the upcoming electoral battle.
The U.S. economy added only 12,000 jobs in October, a significant miss compared to estimates of 113,000, marking the lowest monthly pace since December 2020. While hurricanes and the Boeing workers’ strike are attributed to the weak hiring numbers, experts are divided on whether this reflects a broader slowdown in the labor market.
