August 2024

Oil prices edged lower on Tuesday, breaking a five-day streak of gains, as markets refocused on concerns about demand after the Organization of the Petroleum Exporting Countries (OPEC) on Monday cut its forecast for demand growth in 2024 due to softer…

Gold prices eased on Tuesday as profit-taking kicked in after bullion hit a more than one-week high, while market players awaited key US inflation data that could provide further insight into the Federal Reserve’s next policy decision.

Spot gold fell…

ABU DHABI: The Federal Tax Authority (FTA) confirmed that the first Tax Period of a newly established company, in respect of a juridical person subject to Corporate Tax, is determined by the first Financial Year, as stipulated under the Commercial Com…

ABU DHABI: The Technology Innovation Institute (TII), a leading global scientific research centre and the applied research pillar of Abu Dhabi’s Advanced Technology Research Council (ATRC), has released a new large language model in its Falcon series,…

Ramallah – Ma’an – Arkan Real Estate disclosed its business results and consolidated financial statements for the first half of 2024, where the profit attributable to the company’s shareholders amounted to $9.2 million compared to $9.7 million for the…

DUBAI: The Board of Directors of Salik Company PJSC (Salik), Dubai’s exclusive tollgate operator, chaired by Mattar Al Tayer, Chairman of the Board, today announced the Company’s financial results for Q2 2024 and H1 2024, generating a net profit after…

DUBAI: Emirates today announced plans to introduce its newly retrofitted Boeing 777s to two more cities – Zurich and Riyadh from 1st October 2024.

In a statement on Tuesday, the airline said it will also layer on refurbished B777s to Geneva and Bruss…

BEIJING: China’s central bank conducted 385.7 billion yuan (about US$53.96 billion) of seven-day reverse repos at an interest rate of 1.7 percent Tuesday.

Xinhua News Agency quoted a statement from the People’s Bank of China as saying that the move a…