Category: Business

Gold prices stabilized Friday, near the highest level in a week, and are heading to record slight weekly gains thanks to the decline of the dollar, as traders await US jobs data.

Gold stabilized in spot transactions at USD 2,517 per ounce, after rec…

US stocks closed mostly lower on Thursday.

The Dow Jones Industrial Average fell 222.05 points, or 0.54%, ending at 40,752.92.

The S and P 500 shed 16.39 points, or 0.30%, closing at 5,503.68. It marked a third straight day of losses.

The Nasdaq C…

Oil prices inched up in early trading on Friday as investors weighed a big withdrawal from US crude inventories and a delay to production hikes by OPEC+ producers.

Brent crude futures rose 19 cents to $72.88.

US West Texas Intermediate crude future…

The stock markets consolidated their gains during this week’s trading and its market capitalisation gained nearly AED 61 billion, supported by gains in real estate, financial and industrial shares.

The market gains were AED 52.8 billion for the Abu…

Abdullah bin Touq Al Marri, Minister of Economy, discussed with Dr. Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development and International Cooperation, ways to enhance economic cooperation between the two countries.

During their meeti…

The market capitalisation of the 20 largest companies listed on the local stock exchanges by market value reached AED2.8 trillion by the end of this week, with further increases expected in line with the markets’ plans to double their market value to…

China’s digital yuan transactions amounted to 7 trillion yuan (about 986.07 billion U.S. dollars) by the end of June this year, said the central bank’s deputy governor on Thursday.

According to a report by China Central Television (CCTV), the digita…

China’s digital yuan transactions amounted to 7 trillion yuan (about 986.07 billion U.S. dollars) by the end of June this year, said the central bank’s deputy governor on Thursday.

According to a report by China Central Television (CCTV), the digita…