Category: Business

DUBAI: DMCC, the free zone and Government of Dubai Authority on commodities trade and enterprise, has announced the launch of the DMCC AI Centre as Dubai’s latest innovation platform to advance pragmatic artificial intelligence (AI) adoption and the d…

VIENNA: The Organisation of Petroleum Exporting Countries (OPEC) in its Monthly Oil Market Report for September 2024, has highlighted a continued strong performance of the UAE’s non-oil sector through 2024.

The Report reveals that in the tourism sect…

European shares were flat on Tuesday, after a 1 percent jump in the previous session, as investors parsed through a mixed set of economic data while awaiting a widely expected ECB rate cut later in the week.

The pan-European STOXX 600 index was holdi…

HE Director General and Chairman of the Board of Directors of the Arab Monetary Fund (AMF) Dr. Fahad bin Mohammed Al Turki said that the Qatari banking sector has an advanced ranking in Arab countries in terms of the capital adequacy ratio, reaching 1…

MONTREAL: Mohamed Abdulla Al Salami, Chairman of the Fujairah Department of Civil Aviation, Deputy Chairman of the Board of Directors of the General Civil Aviation Authority (GCAA), affirmed that the UAE is committed to developing a pioneering infrast…

Abu dhabi: The United Arab Emirates has emerged as a key player in regional and global development, driven by its visionary leadership, strategic location, and favourable business climate.

This established the country as an influential economic force…

ABU DHABI: Investcorp Capital achieved a net profit of $105 million for the fiscal year ended on June 30, 2024, compared to $113 million in 2023.

Overall, the Company has approved a total of $115 million in dividends of which $60 million has been pai…

Gold prices fell Tuesday as the dollar rose, as traders await key US inflation data, which could indicate the size of the US interest rate cut next week.

Spot gold fell 0.1% to $2,503.09 per ounce, while US gold futures were steady at $2,532.20.

The…