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Economy Events Local 2025-12-04T07:13:47+00:00

Bitcoin Reaches Two-Week High

Bitcoin's price rose by over 2% on Wednesday and Thursday morning, hitting a two-week high near $93,500. This was driven by a growing investor appetite for risk assets.

Bitcoin Reaches Two-Week High

The strong recovery of Bitcoin has boosted investors' appetite for risk. The largest cryptocurrency by market capitalization rose by more than 2% on Wednesday and Thursday morning, reaching a two-week high near $93,500, after a 6% increase in the previous 24 hours.

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2025-12-04T07:16:30+00:00

World Bank Reports Record Debt Gap for Developing Countries

The World Bank announced that the debt servicing cost gap for developing countries has hit a 50-year high of $741 billion, urging nations to adopt more flexible financing terms.
Economy Politics Local
HSBC Appoints New Chairman
2025-12-04T04:17:07+00:00

HSBC Appoints New Chairman

British bank HSBC has announced the appointment of Brandon Nelson as its new chairman, thus completing a comprehensive restructuring of its leadership. This appointment marks a key step in the bank's management team renewal process.
Economy Politics Local
Dubai Financial Market Closes with 1.19% Gain
2025-12-04T01:47:08+00:00

Dubai Financial Market Closes with 1.19% Gain

The Dubai Financial Market closed its first December session up 1.19% to 5906.64 points, driven by gains in banking, industrial, and real estate stocks. Market capitalization increased by 12.47 billion dirhams. Foreign investors made net purchases of 54.36 million dirhams. Six companies, including Emaar Properties and Emirates NBD, accounted for 67.2% of total market liquidity.
Economy Local