Category: Business

DUBAI: Dubai Electricity and Water Authority (DEWA)’s Research and Development (RandD) Centre has developed a digital-first approach to assess the condition of critical assets, such as power transformers and overhead lines (OHL).

The deployed approac…

The dollar traded near the lowest in more than a year on Thursday as a dovish Federal Reserve and fresh signs of weakness in the US job market backed the case for interest rate cuts.

The dollar fell below 145 yen mark.

The dollar index, which measur…

BEIJING: Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, said that Dubai-based Emirati companies had invested a total of $1.4 billion in the Chinese market from 2015 to 2023.

Lootah highlighted the increasing interest of Dubai-based …

SEOUL: Korea’s central bank froze its key rate for the 13th straight session Thursday due to soaring home prices but may start a policy pivot this year amid moderating inflation and a slower-than-expected economic outlook, Yonhap News Agency reported….

The dollar traded near the lowest in more than a year on Thursday as a dovish Federal Reserve and fresh signs of weakness in the US job market backed the case for interest rate cuts.

The dollar fell below 145 yen mark.

The dollar index, which measur…

PARIS: France’s private sector expanded in August for the first time since April, driven by the upturn in services activity, flash survey results from SandP Global showed on Thursday.

The composite output index rose to 52.7 in August from 49.1 in Jul…

BUCHAREST: About 116,685 Romanians got employed in the first seven months of this year due to active measures taken by the territorial branches of the National Employment Agency (ANOFM), Romanian news agency Agerpres reported on Thursday.

Among the e…

Oil prices fell for a fifth straight session on Thursday as investors worried about the global demand outlook, despite a decline in US fuel inventories and expectations of a US interest rate cut in September.

Brent crude futures fell 9 cents to $75.9…