Category: Business

Gold prices hovered near record highs on Friday and were poised for a weekly gain, as markets adjusted to the US Federal Reserve’s recent giant interest rate reduction and signs that further cuts were on the horizon.

Spot gold rose 0.2% to $2,592.17…

The World Bank?’s Board of Directors has approved USD 90 million in additional financing for the Horn of Africa Initiative: Djibouti Regional Economic Corridor project.

The new support will expand the scope of the USD 70 million original project, ap…

Photo feature by Khaled Al-Shammari RIYADH, Sept 20 (KUNA) — The 2024 Al-Ahsa Dates Auction is a renowned festival that draws investors and visitors from within the Kingdom of Saudi Arabia and around the world.

The annual festival, which lasts unti…

– The UK’s public debt rose to 2.9 trillion sterling (USD 3.86 trillion) by the end of August, making up 100 percent of the country’s annual economic output, according to official statistics released Friday.

The public debt, including that of the Ba…

Japan’s central bank on Friday kept its policy rate unchanged, while downgrading its assessment of the country’s economy.

At the end of a two-day policy meeting, Bank of Japan’s (BOJ) Governor Kazuo Ueda and his eight board colleagues agreed to keep…

ROME: The Food and Agriculture Organisation affirmed that persistently high levels of hunger underscore the urgent need to address global food insecurity, especially as nearly 282 million people faced acute food insecurity, driven by conflict, climate…

ABU DHABI: Dr. Amna bint Abdullah Al Dahak Al Shamsi, Minister of Climate Change and the Environment, has highlighted the importance of recognising the collective power humanity possesses in combatting climate change and achieving net zero.

In a stat…

DUBAI: Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has announced the establishment of the Georgian Business Council.

The launch of the council represents an important step towards promoting joi…