Category: Business

Singapore: Oil prices were steady in early Asian trade on Wednesday, as signs of weakening demand growth in China clashed with the prospect of declining US oil stockpiles.

Brent crude oil futures fell by 11 cents, or 0.1%, to $83.62 a barrel, and US …

ABU DHABI: The Central Bank of the UAE (CBUAE) and Bank Indonesia (BI) have today signed a Memorandum of Understanding (MoU) aimed at establishing a framework to enhance bilateral cooperation in the area of payment systems.

The MoU comes as part of a…

Singapore: The dollar was broadly weaker on Wednesday after a modest but short-lived boost following better-than-expected US retail sales data, as traders focused on the prospect of Federal Reserve rate cuts as early as September.

The New Zealand dol…

ABU DHABI: The volume of financing for emerging companies operating in the energy sector based in the UAE reached more than AED 110.2 million by the end of the first half of 2024, according to data from the International Energy Agency (IEA) on early f…

Brussels: European stocks opened lower for the third consecutive session on Wednesday, driven by a decline in the technology sector.

The Stoxx 600 index dropped 0.3 percent, with the tech sub-index falling 1.9 percent.

Dutch semiconductor company AS…

ABU DHABI: The Abu Dhabi Chamber of Commerce and Industry has entered into a strategic partnership with Tawasal Information Technology, the owner and operator of the Emirati digital messaging platform, Tawasal SuperApp, to set up a dedicated digital c…

Doha: The Qatar Stock Exchange (QSE) closed Wednesday’s session with a decline of 42.17 points, or 0.41 percent, settling at 10,151.72 points.

During the session, 186,321,557 shares were traded, with a total value of QR 478,482,200.554, executed thro…

PARIS: Global gas demand is forecast to grow by 2.5 percent, or just over 100 bcm, primarily driven by fast-growing Asian markets, according to the Gas Market Report, Q3 2024, released by the Paris-based International Energy Agency (IEA) today.

Globa…