Category: Business

The price of a barrel of Kuwaiti oil fell by USD4.70, reaching USD75.77 per barrel in trading yesterday, Monday, compared to USD80.47 in trading last Friday, according to the price announced by the Kuwait Petroleum Corporation.

In global markets, the…

ABU DHABI: Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance (MoF), affirmed that the Cabinet’s adoption of tenancy policies highlights the importance of continuously developing the legislative environment for the benefit of enhancing …

Real wages in Japan rose for the first time in 27 months in June, thanks to big pay increases resulting from wage negotiations this year.

Japan’s public broadcaster NHK quoted the Japanese Ministry of Labor as saying that inflation-adjusted wages ros…

South Korea’s financial authorities said on Monday they were ready to take action to counter extreme market volatility.

This came after the Korean Composite Stock Price Index (KOSPI) recorded its worst ever collapse on Monday, falling 234.64 points, …

ABU DHABI: Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance (MoF), affirmed that the Cabinet’s adoption of tenancy policies highlights the importance of continuously developing the legislative environment for the benefit of enhancing …

ABU DHABI: Agthia Group PJSC (Agthia or the Group) announced today its results for the six-month period ending 30 June 2024. Agthia delivered strong performance during H1 2024, on track to meet its full-year 2024 guidance. The Group’s profitable growt…

ABU DHABI: The value of gold reserves held by the Central Bank of the UAE (CBUAE) reached AED20.619 billion by the end of May 2024, marking a year-on-year (YoY) growth of 19.7 percent from AED17.219 billion in May 2023.

The apex bank, in its Monthly …

ABU DHABI: The Central Bank’s statistics showed that the value of cheques cleared using Image Cheque Clearing System (ICCS) reached AED 544.4 billion, distributed over 9.33 million cheques during the first five months of 2024.

According to the Monthl…