Business

Gold prices eased on Tuesday as profit-taking kicked in after bullion hit a more than one-week high, while market players awaited key US inflation data that could provide further insight into the Federal Reserve’s next policy decision.

Spot gold fell…

ABU DHABI: AD Ports Group on Tuesday announced that its total net profit reached AED439 million in Q2 2024, an increase of 42% Year-on-Year (YoY), while the net profit after minorities reached AED333 million in Q2 2024, an increase of 16% YoY.

In a p…

Oil prices edged lower on Tuesday, breaking a five-day streak of gains, as markets refocused on concerns about demand after the Organization of the Petroleum Exporting Countries (OPEC) on Monday cut its forecast for demand growth in 2024 due to softer…

DUBAI: IFZA, Dubai’s most dynamic free zone community, has sponsored the Smart Cities Council’s (SCC’s) inaugural Smart Cities Week APAC event held recently in Australia.

This sponsorship is part of IFZA’s ongoing partnership with the Smart Cities Co…

European stocks closed mixed Wednesday, as investors turned their attention to the European Central Bank’s (ECB) policymakers meeting to discuss interest rate decisions.

The European Stoxx 600 index was little changed, while German stocks outperforme…

The International Energy Agency (IEA), headquartered in Paris, maintained on Tuesday that its forecast for oil demand growth this year at 970,000 barrels per day. However, it revised its forecast for 2025, from 980,000 barrels to 950,000 barrels a day…

DUBAI: Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), announced that the authority has commissioned 558 11 kV distribution substations across Dubai in the first half of 2024.

The construction of these substations…

BEIJING: As Air China has finished test flights for its first C919 aircraft, the three major domestic airlines are at a promising stage for commercial operations of the home-made aircraft, Global Times reported.

The C919 has reportedly received posit…