Category: Business

DUBAI: Dubai Aerospace Enterprise (DAE) today reported its financial results for the first half of 2024, logging a year-on-year (YoY) revenue increase to US$679.2 million.

Meanwhile, DAE’s profit before tax rose 22.7 percent YoY to $154.3 million in …

Bethlehem – Ma’an – The shekel fell against foreign currencies with the opening of the Israeli stock market this morning.

The dollar rose today by 0.911% and its representative price was set at 3.767 shekels.

The euro rose by 0.93%, and its exchange…

Federal Open Market Committee (FOMC) of the US Federal Reserve decided to maintain the target range for the federal funds rate at 5.25 to 5.5 percent.

Recent indicators suggest that economic activity has continued to expand at a solid pace, the Fed s…

ABU DHABI: Borouge Plc has reported a 33% year-on-year (YoY) increase in second-quarter net profit to $308 million, powered by higher sales and cost efficiencies as the company recorded its highest ever production volumes.

Adjusted earnings before in…

Gold prices firmed on Wednesday, heading for a monthly gain on the back of growing optimism about US interest rate cuts.

Spot gold was up 0.4% at $2,416.79 per ounce, and has gained nearly 4% for the month. US gold futures added 0.5% to $2,414.80.

S…

Doha, July 31 (QNA) – QatarEnergy announced Wednesday the fuel prices for August 2024, keeping the prices of diesel, Gasoline 95 and Gasoline 91 unchanged.

QatarEnergy has set the price of a liter of diesel at QR 2.05, the price for Super Gasoline 95…

DUBAI: MultiBank Group, a leading online financial derivatives provider, has partnered with Mashreq, one of the leading financial institutions in the MENA region, to introduce an API-enabled Instant Payment solution for corporate clients. This innovat…