Category: Business

Major stock indices on the Wall Street ended the last session of the week sharply lower.

The Dow Jones Industrial Average closed down 410.34 points, or 1 percent, to 40,345.41 points. The broader S and P 500 index lost 94.99 points, or 1.7 percent, t…

The Iraqi National Investment Commission has announced an increase in the volume of investments achieved during a year and a half, noting that the amount reached USD 69 billion.

Chairman of the Iraqi National Investment Commission Haider Makiya said …

Bank of Sharjah priced a US$500 million senior unsecured bond in the international markets. The issuance received tremendous response from international investors, attracting orders that peaked at US$1.4 billion, or almost 3x oversubscription.

The b…

Jordanian stocks were largely flat on the week, with its main stock index closing 0.05 percent higher at 2414 points.

The average daily trading volume on the Amman Stock Exchange during the past week was approximately 2.8 million Jordanian dinars, c…

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…