Business

ABU DHABI: Credit facilities provided by the UAE national banks to the private sector reached AED49.5 billion during the first five months of 2024, raising the cumulative total to AED1.182 trillion at the end of May, up from AED1.132 trillion at the e…

ABU DHABI: ADNOC Drilling Company has announced that its stock has been selected for inclusion in the prestigious MSCI indexes effective post market close on 30th August 2024.

ADNOC Drilling will be included in the MSCI Indexes including MSCI EM, and…

Qatar Stock Exchange (QSE) announced today the results of the August 2024 Index Review for the MSCI Equity Indexes.

The Review included the reclassification of Ooredoo from MSCI Qatar Large Cap Index to MSCI Qatar Mid Cap Index; and the deletion of Q…

The official price of Oman oil Tuesday, for delivery in October, reached $80.03, up by $1.31, compared to yesterday’s price (Monday) of $78.72.

The monthly average price of Omani crude oil for delivery in August reached $82.50 per barrel, down by $1….

BEIJING: China’s central bank conducted 385.7 billion yuan (about US$53.96 billion) of seven-day reverse repos at an interest rate of 1.7 percent Tuesday.

Xinhua News Agency quoted a statement from the People’s Bank of China as saying that the move a…

Gold prices rose more than 1 percent at the close Monday, recording their highest level since August 2, supported by rising demand, while investors await US inflation data this week.

The price of gold in spot transactions increased 1.5 percent to $2,…

ABU DHABI: The IPO market in the Middle East and North Africa (MENA) region remained resilient during the second quarter of this year, with 14 IPOs registering total proceeds of US$2.64 billion, up 45.3 percent compared to the same period last year.

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DUBAI: Emirates today announced plans to introduce its newly retrofitted Boeing 777s to two more cities – Zurich and Riyadh from 1st October 2024.

In a statement on Tuesday, the airline said it will also layer on refurbished B777s to Geneva and Bruss…