Al-Jaghbeer: The Industrial Sector Leads Economic Growth
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The Anti-Concealment Program carried out 1,519 inspection visits in August to curb commercial concealment violations, resulting in 73 suspected cases and referral of violators to authorities for strict penalties.
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In Canada, a couple recovered two precious wedding rings after the wife accidentally threw them away with 18 tons of garbage, showcasing determination and human cooperation.
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Novartis developed an innovative radioligand therapy that completely eradicated widespread cancer in some patients within six months, opening new horizons in cancer treatment targeting a market valued at up to $30 billion.
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Dubai's PMI rose to 53.6 in August, with production expanding at the fastest pace in seven months, driven by increased sales and project activity, signaling strong growth in the non-oil private sector.
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Irada Center in Dubai celebrated the graduation of the ninth cohort of its therapeutic and rehabilitation program, with 29 patients completing treatment out of 66 enrolled. The program lasts five to six months and includes psychotherapy and intensive rehabilitation for addiction patients.
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Wall Street overcame a sharp decline supported by a court ruling favoring Alphabet, European stocks recovered with bond sell-offs stabilizing, while Japanese stocks closed at a four-week low due to bank share declines.
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Developing countries are shifting from dollar-denominated debt to lower-interest currencies such as the Chinese yuan and Swiss franc amid rising U.S. interest rates that have increased debt servicing burdens. Countries like Kenya, Sri Lanka, and Panama are converting large dollar loans to cheaper currencies to ease financial pressures.
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Dubai Financial Market closed near 6000 points with trades worth 575 million AED, led by three major stocks accounting for over half the liquidity. Abu Dhabi, Saudi, Egyptian, and Jordanian markets showed varied movements during the midweek session.
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Jordan launched the National Council for Future Technology chaired by the Prime Minister and under the patronage of the Crown Prince. The first global event, Future Forum 2025, was held in Amman with the World Economic Forum to promote technology use and digital economy growth.
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The Ministry of Youth and Petra Development Authority signed an agreement to build a five-a-side football field in Dalagha to support youth and provide a safe environment for sports and cultural activities, funded by the 2025 Ma'an Governorate budget.
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