Business

DUBAI: Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Dubai is set to host the 10th edition of the annual World Free Zones Organisation (World FZO) World Cong…

Algerian Prime Minister Nadir Larbaoui held a phone conversation with the Lebanese Caretaker Prime Minister Najib Mikati on Sunday.

During the call, Larbaoui informed Mikati of Algeria’s decision to immediately provide Lebanon with fuel to operate th…

DUBAI: Dubai Chambers has signed a Memorandum of Understanding (MoU) with China Construction Bank (CCB) – DIFC Branch to promote investment cooperation and strengthen joint efforts to support Chinese companies wishing to expand in the Dubai market.

T…

The price of Kuwaiti oil went down 56 cents to reach $79.92 per barrel on Thursday, compared to $80.48 pb the day before, according to Kuwait Petroleum Corporation (KPC) on Friday.

On the global scale, the Brent crude futures’ contracts went up $1.28…

The Central Bank of China conducted 137.8 billion yuan (nearly $19.28 billion) of seven-day reverse repos at an interest rate of 1.7% on Friday.

The move aims to keep liquidity reasonable and ample in the banking system, the central bank said, accord…

NIZHNY NOVGOROD: The UAE Ministry of Industry and Advanced Technology on Friday joined its BRICS counterparts on the launch of a Centre for Industrial Competences in cooperation with the United Nations Industrial Development Organisation (UNIDO) to su…

The dollar hovered not far from a two-week high to the yen on Friday after its biggest one-day gain against major peers in four weeks as firm US economic data all but eliminated fears of a recession.

The greenback had been given an extra boost agains…

ABU DHABI: Under the patronage of H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Falconers’ Club, Capital Events, a division of ADNEC Group, announced that the 21st edition of the Abu Dh…