Category: Business

The Central Bank of China conducted 137.8 billion yuan (nearly $19.28 billion) of seven-day reverse repos at an interest rate of 1.7% on Friday.

The move aims to keep liquidity reasonable and ample in the banking system, the central bank said, accord…

The dollar hovered not far from a two-week high to the yen on Friday after its biggest one-day gain against major peers in four weeks as firm US economic data all but eliminated fears of a recession.

The greenback had been given an extra boost agains…

DUBAI: Chinese business leaders have praised Dubai’s role as a vital hub for opportunities and an ideal platform for business expansion in both regional and global markets due to the emirate’s strong competitive advantages and attractive investment en…

ABU DHABI: The Central Bank of the UAE (CBUAE) announced today an auction of Monetary Bills (M-Bills) on 19th August, 2024. The auction includes four issues of M-Bills Treasury bonds.

According to CBUAE data, the first issue for 28 days will be up to…

DUBAI: Dubai’s Roads and Transport Authority (RTA) has unveiled an updated edition of the Dubai Out-Of-Home (OOH) Advertising Manual in collaboration with Dubai Municipality and Dubai’s Department of Economy and Tourism.

The collaborative efforts of …

By Salem Al-Methen ABU DHABI, The architectural boom taking place in the United Arab Emirates is ushered in by prosperity and development in the real estate sector, paralleled with the world’s most developed nations.

The massive projects include skys…

BEIJING: China’s industrial output sustained stable growth in July with booming new growth drivers and strong exports.

The country’s value-added industrial output, an important economic indicator, expanded 5.1% year on year in July, data from the Nat…

China’s fixed-asset investment rose 3.6 percent year on year in the first seven months of 2024, data from the National Bureau of Statistics (NBS) showed Thursday.

The NBS said in a statement that the fixed-asset investment in the private sector total…