Economy

RBC Wealth Management has taken an important step forward to deepen its business in the Asian region by hiring and placing seven senior staff members who are related to the field of private banking in its Hong Kong and Singapore offices. This is part of the strategic growth strategy of the Canadian bank in expanding its wealth management operations in …

A powerful surge has been witnessed in UAE’s freelance economy and they have emerged as the home for over 100,000 licensed freelancers across stratified sectors like tech, media, education, and sustainability. And their free zones are shaping the position of UAE as a MENA leader in independent work, as a part of the US $455 billion global gig economy.  The …

Chinese President Xi Jinping landed in Cambodia on April 17 for a two-day state visit, marking the final stop of his Southeast Asia tour. This visit, his first since 2016, focuses on boosting China-Cambodia ties, especially in trade, infrastructure, and regional cooperation. Xi was warmly welcomed by King Norodom Sihamoni in Phnom Penh, after which he was set to confer …

The Bank of Japan revealed through its latest survey that Japanese consumers expect increasing prices and show record annual inflation forecasts from the survey. People answered the Bank of Japan survey from February 6 to March 4 and told researchers that prices would go up 12.2% during the following year. This increase marks a jump from the prior 11.5% seen …

It is Asia that can boast of having the most powerful and most renowned companies in the world. These companies in energy, technology, aviation, and every other industry seemingly outshine everyone else in the global arena. Let’s take a quick look at the 10 massive corporations stirring up the Asia countries in 2025. 1. Saudi Aramco Industry: Oil and Gas …

Once again crowned the world’s best entrepreneurship nation in the Global Entrepreneurship Monitor (GEM) Report, the UAE has claimed the number-one position for four successive years now. This further consolidates the image of a country where business is favorable because of its environment, supported by the government, and booming with startup culture. The Startups’ Conducive Environment In 56 economies, the …

Emirates has launched a new product, Emirates Courier Express, which promises faster, more reliable, flexible express shipping to customers around the globe. Developing the service very closely hand-in-hand with customers over the past year and nearly 40 years of experience in logistics, Emirates has only gone into the official launch. Dubai has already delivered some thousands of packages within the …

The unveiling of an instrument that may symbolize a step toward updating the country’s financial identity is the celebration of the unveiling of the new symbol for the Dirham, introduced in the UAE. On Thursday, the Central Bank of the UAE (CBUAE) announced the new symbol, which will be circulated practically with the Dirham in cash and digital formats. Inspiration …

Vietnam becomes the rising star for that tourism scene in the annals of Southeast Asia; it surpasses its regional competitors quietly but powerfully. Thailand has been popular for ages as a destination for travel in the region, recently boosted by being featured in the Season 3 stop of The White Lotus, but Vietnam is also on its way to becoming …

Asia, a continent varied in culture and economic endowment, is, however, home to some of the gravest poverty challenges found anywhere. Whereas many countries in Asia have recorded notable advances in economic growth over the past few decades, extreme poverty remains an ongoing issue debilitating millions. The sharp contrast between life in flourishing cities and rural poverty-stricken areas is, therefore, …