Al-Jaghbeer: The Industrial Sector Leads Economic Growth
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Japanese stocks fell to their lowest level in four weeks due to a decline in bank shares following comments from a Bank of Japan official that lowered expectations for an interest rate hike. The Nikkei index dropped 0.88% and the Topix 1.07%, marking their lowest close since August 8.
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European stocks rose Wednesday after stabilization in long-term bond selling, with investors awaiting U.S. jobs data. The Stoxx 600 index gained, led by the technology sector, while Adidas shares increased following an upgrade by Jefferies.
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NYU Abu Dhabi hosted a symposium on the evolution of strategic giving in MENA, discussing a $68 trillion wealth transfer over the next decade and its impact on philanthropy in the region.
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Brigitte Macron has sold a family villa in northern France for €3.6 million to a real estate development company planning to convert it into a luxury commercial project. The villa is about 250 square meters and located within the coastal resort's "Golden Triangle."
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South Sinai Governor inaugurated the 'Welcome Schools' exhibition in Al-Noor district, Sharm El Sheikh, with officials present, to monitor discounts and product quality in preparation for the new school year.
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Morocco has received an offer from economic partners to join the 'Future Investment and Trade Partnership' initiative, which aims to enhance global trade openness. The ministry views this initiative as an opportunity to attract investments and is not against any party, emphasizing it is unrelated to U.S. tariffs.
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Global gold prices rose significantly on Wednesday, September 3, 2025, with the ounce reaching $3,536, while the Egyptian market saw limited increases due to the stability of the Egyptian pound against the dollar.
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Ismaël Ben Nasser responded to an offer from Turkish club Trabzonspor, which proposed an annual salary close to 5.1 million euros. He asked for more time before making a final decision. His contract with AC Milan runs until summer 2027.
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Egypt's Minister of Petroleum held meetings with Australian mining companies to discuss new investments and partnerships in Egypt during the Africa Down Under conference in Australia.
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Sharjah hosts the 56th Middle East Watches & Jewelry Exhibition 2025 with 500 exhibitors from 21 countries and over 1800 global designers and experts, featuring a prominent Italian pavilion with 50 exhibitors. The 2024 edition achieved sales of AED 105 million.
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