October 2024

ABU DHABI: Al Yah Satellite Communications Company (Yahsat), a subsidiary of Space42, plans to launch seven satellites as part of the UAE’s Earth Observation Space Programme, the first of which, Foresight 1satellite, was launched last August.

Ali Al …

US stocks ended slightly higher at the end of the trading session on Monday.

The S and P 500 .SPX gained 24.22 points, or 0.42%, to 5,762.39 and the Nasdaq Composite .IXIC added 69.58 points, or 0.38%, to 18,189.17.

Dow Jones Industrial Average .DJI…

China’s external financial assets topped $9.79 trillion at the end of June, official data showed.

The external financial liabilities stood at over $6.8 trillion at the end of June, resulting in nearly $2.99 trillion of net external assets, according …

Oil prices remained stable in early trade on Tuesday, with a potential of increased supply entering the market amid weak global demand growth.

Brent crude futures for December delivery rose 13 cents, or 0.18%, to $71.83 a barrel. US West Texas Interm…

South Korea’s exports extended on-year gains to the 12th straight month in September, data showed Tuesday, on the back of robust shipments of chips.

Outbound shipments rose 7.5% on-year to $58.7 billion last month, according to the data compiled by t…

European shares were largely steady on Tuesday ahead of key inflation data for the region later in the day.

The pan-European STOXX 600 (.STOXX), was steady at 522.97 after it logged its worst day in over a week on Monday.

Tech stocks (.SX8P), opens …

Gold prices rose on Tuesday, but hovered below recent record peaks after the US Federal Reserve chair tempered expectations for more substantial interest rate cuts this year.

Spot gold was 0.3% higher at $2,641.33 per ounce, off a record high of $2,6…

DUBAI: Dragon Oil Company, wholly owned by the Government of Dubai, is planning to double its daily production over the next five years to 450,000 bpd from its current level of 210,000 bpd.

Speaking on the sidelines of the 26th Water, Energy, Technol…