Business

PARIS: The increasing impact of climate change is putting energy security at risk in Southeast Asia and heatwaves, floods, droughts, tropical cyclones and rises in sea levels pose challenges to the energy system, affecting everything from fuel extract…

The Asian Development Bank (ADB) today approved a $400 million concessional loan to support the reconstruction of houses and community infrastructure in Pakistan’s Sindh province damaged by the devastating floods in 2022.

The Sindh Emergency Housing …

DUBAI: Commercial Bank International (CBI) has announced its financial results for the first half of 2024, with pre-tax net profit growing 14 percent year-on-year (YoY) from AED78.9 million to AED89.9 million.

In a press release today, the bank said …

Oil prices eased on Thursday due to concerns over weak demand in China, the world’s largest crude importer.

Brent crude futures for September fell 38 cents, or 0.5%, to $81.33 a barrel.

US West Texas Intermediate crude slid 33 cents, or 0.4%, to $77…

DUBAI: In conjunction with the International Day for the Conservation of the Mangrove Ecosystem, the Ministry of Climate Change and Environment (MOCCAE) held a ceremony to honour key partners in its National Carbon Sequestration Project, which aims to…

SHARJAH: The eighth edition of the ‘Al Dhaid Date Festival’, one of Sharjah’s most significant economic, cultural, and social events, commenced this morning, Thursday, at Expo Al Dhaid, and is slated to run until 28th July.

Organised by the Sharjah C…

Gold prices fell more than 1% on Thursday as investors booked profits ahead of US economic data that could offer more cues on when the central bank will cut interest rates this year and by how much.

Spot gold fell 0.9 % to $ 2377.29 per ounce. US gol…

Doha: The Qatar Stock Exchange (QSE) index wrapped up this week’s trading down by 0.39 percent to stand at 10,098 points, while achieving a positive weekly performance of around 0.64 percent, achieving 1.3 percent gains since the beginning of July.

I…