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Day: July 31, 2024

US Federal Reserve Keeps Interest Rates Unchanged

The US Federal Reserve (the central bank) on Wednsday kept interest rates unchanged, at a range of 5.25% to 5.50%, for the fifth time this year and the eighth in a row, at a time when it seeks to reduce the inflation rate to around two percent.

The F…

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UAE supplies 41.3% of Japan’s oil imports in June

TOKYO: Japan’s Agency for Natural Resources and Energy reported that Japan’s oil imports from the UAE in June amounted to 25.84 million barrels, representing 41.3 percent of total imports.

In June, Japan imported approximately 62.54 million barrels o…

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