00:00Across Dubai today, retailers are slashing their prices by up to 90% on the first day
00:07of the Dubai Super Sale. The Super Sale, which is an initiative created by the Dubai Festivals
00:13and Retail Establishment, is an initiative aimed at driving footfall to the malls and
00:17stimulating the retail sector. Over 1,500 retailers will be participating in the sale
00:23from malls like Dubai Mall, Berjiman, Deira City Centre and Mall of the Emirates. Product
00:28categories include make-up, jewellery and other kinds of clothing and the sale will
00:33run until Saturday, the end of Saturday in particular. In other news, the S&P 500 notched
00:39a new high on Thursday, gaining points after Apple released better-than-expected results
00:45for its Q2 earnings. The iPhone maker saw its share price jump by 6.37%, leading a technology
00:53rally in the index that saw the entire bourse lifted. And lastly, on Wednesday night, the
00:58US Federal Reserve voted unanimously to leave its benchmark interest rate alone, voting
01:03neither to raise it or to decrease it, despite calls from President Trump to cut the rate.
01:09The US Federal Reserve, led by Jerome Powell, took a wait-and-see approach, saying that
01:13they were not sure of any reason to move the rate up or the rate down and instead, unsure
01:19of where the US economy was headed, they would leave the rate alone until the next policy
01:23meeting. That's all from us today. You can find the latest headlines on gulfnews.com.
01:27Thanks very much for watching. We'll be back on Sunday.
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