The US economy added 263,000 jobs in April, beating expectations.
Meanwhile the unemployment rate fell to its lowest level since 1969, falling from 3.8% to 3.6%.
The figures indicate the US economy remains on a strong track, although economists warn the strong numbers are unlikely to continue all year.
Despite the strong jobs growth, US inflation remains below the Fed's target of 2%.
UAE tops global entrepreneurship rankings for 5th straight year
The UAE has been ranked first globally for the fifth consecutive year in the latest Global Entrepreneurship Monitor (GEM) report.
US judge dismisses Musk's fraud claims in OpenAI case
A US judge on Friday dismissed Elon Musk's fraud claims in his lawsuit accusing OpenAI and co-founder Sam Altman of betraying OpenAI's original mission, but plans to proceed to trial on Musk's breach-of-charitable-trust and unjust-enrichment claims.
Dubai South partners with Emirates NBD to support business community
Dubai South has signed a strategic Memorandum of Understanding (MoU) with Emirates NBD to support the financial growth of SMEs and facilitate access to a range of banking services.
DMCC to launch two new commercial towers for "Uptown Dubai" by 2028
The Dubai Multi Commodities Centre (DMCC) has launched two new commercial towers, “One Uptown Place” and “Two Uptown Place”, as part of the expansion of the Uptown Dubai area.
DIFC to become world’s first AI Native financial centre
The Dubai International Financial Centre (DIFC) has announced plans to become the world’s first AI-native financial centre.
