Fitch Ratings has downgraded Hong Kong’s long-term foreign currency issuer default rating.
The global credit rating agency has reduced the Asian financial hub's standing from AA+ to AA.
It comes after more than three months of unrest in the city.
In a statement, Fitch Ratings said Hong Kong’s rating outlook is "negative."
Investors wipe $2.5 trillion off Nasdaq as blue tsunami prompts AI fears
Tech-led Nasdaq has notched its deepest one-day drop since ‘Liberation Day’ in April 2025, wiping out trillions in market value on fears of more AI scrutiny, particularly on data center construction, after Democrats won big in US midterm elections.
Emirates Groups announces AED4.1 billion pre-tax profit in H1 2026
The Emirates Group has posted a profit before tax of AED 4.1 billion ($1.1 billion) for the first six months of 2026-27, despite disruptions and high fuel prices due to the regional conflict.
Disney's Pixar names Jonathan Garson president as Jim Morris steps back
Pixar Animation Studios announced on Wednesday that veteran Jonathan Garson will become president on January 4, replacing Jim Morris, who will step back from day-to-day leadership ahead of his eventual retirement.
DIP Holding places final IPO price
The final offer price for DIP Holding’s initial public offering (IPO) has been set at AED 1.12 per share following stronger investor demand.
Gulfood Manufacturing brings global industry leaders to Dubai
Food security, domestic production and supply chain resilience are taking centre stage in Dubai as Gulfood Manufacturing 2026 brings together manufacturers, technology providers and industry leaders from around the world.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has attended a ceremony honouring government entities, leaders and professionals for their distinguished performance.
Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has stressed the importance of de-escalation and advancing diplomatic efforts during a call with Iran's Abbas Araghchi.
The UAE is marking the third anniversary of Operation Chivalrous Knight 3, launched on November 5, 2023, under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to provide humanitarian assistance to Palestinians in the Gaza Strip.
