Business

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…

CAIRO: Noatum, an AD Ports Group company, announced the acquisition of a majority stake in Safina B.V., a leading provider of maritime agency and cargo services in Egypt and across the Middle East region. The deal is expected to close in Q3 2024.

The…

ABU DHABI: The Ministry of Finance (MoF) has launched the “Digital Consultation” initiative as part of its ongoing efforts to implement the Zero Government Bureaucracy Programme, designed by the UAE government to enhance living standards and foster an…

AJMAN: Abdullah Mohammed Al Muwaiji, Chairman of the Ajman Chamber of Commerce and Industry (ACCI), launched the Ajman Chamber’s 2024 – 2030 Strategy, in alignment with the Ajman Vision 2030 and its strategic objectives and eight underlying principles…

DUBAI: Chinese business leaders have praised Dubai’s role as a vital hub for opportunities and an ideal platform for business expansion in both regional and global markets due to the emirate’s strong competitive advantages and attractive investment en…