Category: Business

Geneva: The General Women’s Union concluded its active participation in the proceedings of the “AI for Good” Global Summit, under the sponsorship of the Third Gathering of the Network of Women Ministers and Leaders in the International Telecommunicati…

Wenzhou: Chinese authorities today evacuated more than 600,000 people from Zhejiang and Fujian provinces as Typhoon Bavi approached the country’s eastern coast, with landfall expected near the city of Wenzhou in the early hours of Sunday.

According …

London: Oil prices settled lower on Friday, with Brent crude futures falling by 29 cents, or 0.38 percent, to close at US$76.01 a barrel. US West Texas Intermediate crude futures declined by 67 cents, or 0.93 percent, to settle at US$71.41 a barrel.

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New york: Wall Street’s main stock indices closed higher on Friday, with all three major benchmarks posting gains.

According to Emirates News Agency, the S and P 500 rose 28.72 points, or 0.38 percent, to close at 7,572.36 points. The Nasdaq Composi…

Abu dhabi: Emirates Global Aluminium (EGA) today announced the restart of alumina production at Al Taweelah alumina refinery in Abu Dhabi. Alumina production is expected to ramp-up to 50 percent of plant capacity within days. EGA expects to have the t…

Kuala lumpur: Dr. Ali Rashid Al Nuaimi, Chairman of the Defence, Interior, and Foreign Affairs Committee at the Federal National Council (FNC), recently engaged in discussions with Datuk Jonathan bin Yasin, Chairman of the Special Select Committee on …

Shanghai: ADNOC Logistics and Services plc (ADNOC L and S) today announced a newbuilding order for an additional four next-generation LNG carriers valued at approximately US$900 million (AED3.3 billion). Each vessel will have a capacity of 175,000 m³,…

London: Oil prices experienced a decline of 2% at settlement. Brent crude futures decreased by $1.72, or 2.2%, settling at $76.30 per barrel. Meanwhile, US West Texas Intermediate crude futures also fell by $1.44, or 1.96%, closing at $72.08 per barre…