The Bank of Japan has introduced a negative interest rate in a surprise move. The benchmark rate of -0.1% means that the central bank will charge commercial banks 0.1% on some of their deposits. It's hoped the moves will encourage banks to lend, and counter the ongoing economic slump in the world's third-largest economy. Investors cheered the surprise stimulus as Japan's share prices rose 476.85 points to close at 17,518.30 points at the Tokyo Stock Exchange, after the plans were unveiled.
Ride-hailer Careem to suspend decade-old Pakistan service
Careem, Uber's ride-hailing arm in the Middle East, will suspend its Pakistan service on July 18, citing economic challenges, rising competition and capital constraints, ending its core business in a country where it helped pioneer app-based transport nearly a decade ago.
Dubai International Chamber opens representative office in Toronto
Dubai International Chamber has launched a new representative office in Canada's Toronto, as it aims to bolster economic ties and explore avenues of increased investment between Dubai and Canada.
US and UK announce a trade deal, but steel imports unresolved
US President Donald Trump has signed an agreement formally lowering some tariffs on imports from Britain as the countries continue working toward a formal trade deal.
CBUAE fines exchange house AED 10 million, cancels licence
The Central Bank of the UAE (CBUAE) has revoked the licence of Sundus Exchange and removed it from its official register.
Trump Organisation launches mobile phone service, handset
The Trump Organization launched a self-branded mobile service and a $499 smartphone on Monday, dubbed Trump Mobile, signalling a new effort to court conservative consumers with a wireless service positioned as an alternative to major telecom providers.
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UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!
