Category: Business

Beijing: China’s central bank conducted 210 billion yuan (about US$29.5 billion) of seven-day reverse repos at an interest rate of 1.7 percent Wednesday.

Xinhua News Agency quoted the People’s Bank of China as saying that the move aims to keep liquid…

Oil prices climbed on Wednesday, paring some of the previous session, as concerns about US crude supply disruption outweighed worries about global demand.

Brent crude futures climbed 34 cents, or 0.5%, to $69.53 a barrel, while US crude futures were …

DUBAI: Dr. Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, Acting Minister of Higher Education and Scientific Research, participated in the 10th BRICS Labour and Employment Ministerial Meeting, which concluded on Tuesday, in the Ru…

Britain announced on Wednesday that it had signed a tripartite agreement with the United States and Australia to enhance strategic cooperation and address risks that threaten vital supply chains.

The British Department of Business and Trade (DPT) sa…

ABU DHABI: AD Ports Group has awarded Shanghai Zhenhua Heavy Industries Co. Ltd (ZPMC) contracts worth over AED420 million to supply six ship-to-shore (STS) cranes and 17 hybrid rubber-tyred gantry (RTG) cranes for deployment at its terminal projects …

Dubai: The Dubai AI and Web3 Festival opened today at Madinat Jumeirah, bringing together 6,000 participants from 100 countries. The event aims to highlight Dubai’s leading role in advancing the digital economy and AI applications globally.

The event…

Britain announced on Wednesday that it had signed a tripartite agreement with the United States and Australia to enhance strategic cooperation and address risks that threaten vital supply chains.

The British Department of Business and Trade (DPT) sa…

Gold prices steadied on Wednesday, as investors keenly awaited the US inflation data for hints on the size of the Federal Reserves potential interest rate cut next week.

Spot gold held its ground at $2,518.22 per ounce, while gold futures rose 0.2% t…