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South Korea’s central bank froze its key rate at 3.5 percent for the 12th straight session Thursday.
The Bank of Korea (BOK) has continued to stand pat following rate freezes since February last year after delivering seven consecutive rate hikes from…
AJMAN: H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, issued Emiri Decree No. (4) of 2024 to establish the Ajman Arbitration Centre. This centre aims to provide alternative means of dispute resolution to serve the …
Oil prices rose at settlement at the end of Wednesday’s trading, following the announcement of a decline in crude oil and gasoline inventories in the US last week.
Brent crude futures rose by 42 cents, or 0.5 percent, to reach $85.08 per barrel upon …
US stocks ended higher at the end of the trading session on Monday.
The S and P 500 gained 46.47 points, or 0.80%, to end at 5,861.50 points, while the Nasdaq Composite gained 159.70 points, or 0.87%, to 18,502.64.
The Dow Jones Industrial Average r…
MOSCOW: The annual inflation rate in Germany slowed to 2.2% in June from 2.4% in May, the German Federal Statistical Office (Destatis) said on Thursday.
According to Sputnik, the final estimate of Destatis coincided with the preliminary forecast.
S…
SHENZHEN: China’s promotion of high-level institution-based openness in finance has been providing foreign financial companies with more opportunities as they keep improving and rolling out new services for consumers in the country’s vast market, said…
Gold prices firmed for a third consecutive session on Thursday, with investors awaiting US inflation data due later in the day for more insights on the Federal Reserve’s interest rate path.
The spot gold price was up 0.2% at $2,375.70 per ounce. Gold…
MOSCOW: The annual inflation rate in Germany slowed to 2.2% in June from 2.4% in May, the German Federal Statistical Office (Destatis) said on Thursday.
According to Sputnik, the final estimate of Destatis coincided with the preliminary forecast.
S…
Abu Dhabi:Gulf Cooperation Council countries achieved the highest global value of outward workers’ remittances in 2025, totaling around $161 billion.