Business

GENEVA: G20 merchandise export growth flattened in Q2-2024, as measured in current US dollars, following a rise in the previous quarter, OECD preliminary estimates showed recently. This slowdown was largely driven by a decrease in exports from the Eur…

Gold prices edged higher on Friday, but were set for a weekly loss as investors looked forward to US Federal Reserve Chair Jerome Powell’s speech for more cues on the scale of a likely September rate cut.

Spot gold rose 0.2% to $2,488.74 per ounce. …

ABU DHABI: The Board of Directors of NMDC Group PJSC has approved to list NMDC Energy PJSC on the Abu Dhabi Securities Exchange (ADX) and sell a portion of the Group’s shares in NMDC Energy PJSC through a public subscription.

This came during a virtu…

SEOUL: Foreign currency deposits in the Republic of Korea rose for the second straight month in July as companies saved more U.S. dollar-denominated currency, central bank data showed Friday.

Korean news agency Yonhap reported that residents’ outstan…

ABU DHABI: The Board of Directors of NMDC Group PJSC has approved to list NMDC Energy PJSC on the Abu Dhabi Securities Exchange (ADX) and sell a portion of the Group’s shares in NMDC Energy PJSC through a public subscription.

This came during a virtu…

BUCHAREST: Romania’s Energy Strategy 2025-2035 aims to ensure affordable energy prices and support economic competitiveness in the energy sector. Romanian news agency Agerpres reported on Friday that the policy also envisages developing energy storage…

BEIJING: China’s central bank conducted 379.3 billion yuan (US$53.15 billion) of seven-day reverse repos at an interest rate of 1.7 percent Friday.

Xinhua news agency quoted the People’s Bank of China as saying that the move aims to keep liquidity re…

ABU DHABI: UAE-based Banks attracted new “3-month” deposits worth more than AED54 billion during the first five months of this year, according to the latest statistics from the Central Bank of the UAE (CBUAE).

The statistics showed that deposits in b…