Business

ABU DHABI: Younis Haji Al Khoori, Undersecretary of the Ministry of Finance, emphasised the importance of the newly approved fixed assets management policy and procedures by the Cabinet, highlighting their role in not only ensuring optimal use of fede…

Oil prices fell on Tuesday on estimates showing an increase in US crude inventories.

Brent crude futures fell 9 cents, or 0.1%, to $77.11 a barrel, while US West Texas Intermediate crude lost 12 cents, or 0.2%, to $73.05 a barrel.

According to marke…

WASHINGTON: Crude oil production in the United States will grow to an average of 13.7 million barrels per day (b/d) and marketed natural gas production will grow to an average of 114.3 billion cubic feet per day (Bcf/d) in 2025, according to the lates…

DUBAI: du, Emirates Integrated Telecommunications Company (EITC); and etisalat by eand, today announced a strategic collaboration with Nakheel, a member of Dubai Holding, to provide fixed telecom services and enhance the ICT infrastructure in new deve…

GENEVA: Comoros joined the WTO on 21 August as its 165th member, after 17 years of negotiating its accession terms with WTO members. It is the 10th least-developed country (LDC) to accede to the WTO through negotiations.

Comoros also announced its fo…

The dollar index, which tracks the currency against the euro, pound, yen and three other major currencies, fell to its lowest since Jan. 2 at 101.34, after falling 0.5% or more in each of the previous three sessions, as traders awaited US jobs data la…

DUBAI: Dubai International (DXB) is gearing up to welcome 3.43 million passengers between 21st August and 2nd September as residents return from their summer vacations.

In a press release on Wednesday, DXB announced that it expects average daily traf…

SHARJAH: Sharjah Economic Development Department (SEDD) released its Annual Report for the year 2023, showcasing its success in achieving exceptional growth in the targets of accelerating economic activities of all kinds.

In 2023, the volume of issue…