Category: Business

GENEVA: G20 merchandise export growth flattened in Q2-2024, as measured in current US dollars, following a rise in the previous quarter, OECD preliminary estimates showed recently. This slowdown was largely driven by a decrease in exports from the Eur…

ABU DHABI: The Board of Directors of NMDC Group PJSC has approved to list NMDC Energy PJSC on the Abu Dhabi Securities Exchange (ADX) and sell a portion of the Group’s shares in NMDC Energy PJSC through a public subscription.

This came during a virtu…

BUCHAREST: Romania’s Energy Strategy 2025-2035 aims to ensure affordable energy prices and support economic competitiveness in the energy sector. Romanian news agency Agerpres reported on Friday that the policy also envisages developing energy storage…

BEIJING: China’s central bank conducted 379.3 billion yuan (US$53.15 billion) of seven-day reverse repos at an interest rate of 1.7 percent Friday.

Xinhua news agency quoted the People’s Bank of China as saying that the move aims to keep liquidity re…

ABU DHABI: Emirates Global Aluminium (EGA) today announced its intention to acquire 80 percent of the American aluminium recycling firm Spectro Alloys Corporation. The current owner-managers will retain a 20 percent shareholding.

EGA and Spectro Allo…

The presidential office expressed disappointment over the Bank of Korea’s decision to freeze the key rate at 3.5 percent Thursday, citing concerns over its impact on domestic consumption.

“The interest rate decision lies within the authority of the M…

BEIJING: China’s central bank conducted 359.3 billion yuan (US$50.44 billion) of seven-day reverse repos at an interest rate of 1.7 percent on Thursday.

Xinhua News Agency quoted a statement from the People’s Bank of China as saying that the move aim…

ABU DHABI: The Central Bank of the UAE (CBUAE) has revoked the licence of Muthoot Exchange, an exchange house operating in the UAE, and struck its name off the Register, pursuant to Article 137 (1) of the Decretal Federal Law No. (14) of 2018 regardin…