Category: Business

European stocks closed at their highest level in two weeks at the end of Monday’s trading.

The pan-European Stoxx 600 index ended trading up 0.48 percent, led by technology, defense and utilities stocks, which rose more than 1.2 percent each.

The Fr…

Oil prices fell by more than $ 1 a barrel, losing over 1.5% in early trading on Monday, after frustrating Chinese inflation information and a lack of clarity on Beijing’s financial stimulus strategies stoked worries about demand.

Brent crude futures …

Abu dhabi: Khalifa Fund for Enterprise Development has announced its support for four outstanding Emirati businesses in the information technology and communications sector at Expand North Star 2024, the world’s largest event for global startups and i…

Gold prices drifted lower on Monday as the US dollar strengthened, while market participants awaited fresh cues on the Federal Reserve’s monetary policy path.

Spot gold fell 0.4% to $2,646.75 per ounce after rising 1% in the previous session. US gold…

Beijing: China’s first independently developed and independently built ultra-deepwater gas field, Shenhai Yihao, also known as Deep Sea No.1, has recorded an accumulated natural gas output of over 9 billion cubic meters to date, with an oil output exc…

China’s first independently developed and independently built ultra-deepwater gas field, Shenhai Yihao has recorded an accumulated natural gas output of over 9 billion cubic meters to date, with an oil output exceeding 900,000 cubic meters.

Shenhai Y…

Ras al khaimah: RAK Properties today announced a strategic deal with Commercial Bank of Dubai (CBD), one of the leading banks in the UAE, to arrange an AED2 billion financing facility.

The syndicated long term financing facility will support RAK Prop…

South Korea’s exports of information and communication technology (ICT) products rose for the 11th consecutive month in September, driven by record sales of semiconductors.

Outbound shipments of ICT products came to USD 22.4 billion last month, up 24…