Category: Business

Dubai: Gold prices swung between gains and losses on Wednesday. Spot gold rose 0.5 percent to US$4,125.59 per ounce by 03:05 GMT, after earlier falling to its lowest level since 2nd July. US gold futures for August delivery slipped 0.5 percent to US$4…

Abu dhabi: Brent crude oil futures settled at $74.16 per barrel, climbing by roughly 3% or $2.17. US West Texas Intermediate futures advanced 2.8% to $70.44.

According to Emirates News Agency, the increase in oil prices reflects current market trend…

Dubai: Dubai Internet City, the region’s leading technology hub, has entered into a strategic partnership with Luxinnovation, Luxembourg’s national innovation agency, to drive innovation, foster cross-border collaboration, and support knowledge sharin…

Abu dhabi: The UAE has joined the International Science Council (ISC) for the first time, with the Advanced Technology Research Council (ATRC) appointed as its national representative, marking a significant step in the country’s engagement with the gl…

Dar es salaam: DP World Dar Es Salaam has cut cargo discharge times by more than 90% at the Port of Dar es Salaam since taking over operations in April 2024 under a 30-year concession. The terminal has shifted to modern RoRo operations, enabling it to…

Dubai: The General Civil Aviation Authority (GCAA) and Skyports Infrastructure (Skyports) have announced that VDX, the world’s first purpose-built commercial vertiport, has received regulatory certification for electric vertical take-off and landing (…

Brussels: The European Union has reaffirmed its commitment to implementing the Entry/Exit System (EES) for biometric border controls, rejecting calls from the aviation sector to suspend the scheme despite travel disruption at airports and border cross…

Germany: Germany’s industrial production grew more than expected in May, according to data released by the statistics office Destatis on Tuesday. Industrial output rose 0.9 percent month on month, accelerating from a 0.2 percent increase in April. It …