14 Hrs
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الشارقة 24
Tech firms delay IPOs amid market pullback
The Gulf financial markets have a market value of $4 trillion, as the economy in the region faces challenges related to job contractions and declining consumer confidence. At the same time, the US Federal Reserve is studying options to raise interest rates in order to curb inflation, while China is investing $25 billion to compete with the United States and India in advanced technology sectors. The automotive industry is also affected by Trump’s policies, with the return of regulatory rules that reduce costs and reshape American industry calculations. The tech market is experiencing a decline, with many IPOs being postponed, while digital platforms are helping to reduce food waste and open up new markets.
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