Business

ABU DHABI: The volume of financing for emerging companies operating in the energy sector based in the UAE reached more than AED 110.2 million by the end of the first half of 2024, according to data from the International Energy Agency (IEA) on early f…

Singapore: Oil prices were steady in early Asian trade on Wednesday, as signs of weakening demand growth in China clashed with the prospect of declining US oil stockpiles.

Brent crude oil futures fell by 11 cents, or 0.1%, to $83.62 a barrel, and US …

ABU DHABI: The Abu Dhabi Chamber of Commerce and Industry has entered into a strategic partnership with Tawasal Information Technology, the owner and operator of the Emirati digital messaging platform, Tawasal SuperApp, to set up a dedicated digital c…

Seoul: The Asian Development Bank (ADB) revised up its outlook for South Korea’s economic growth this year to 2.5%.

The ADB said in its latest report on the Asian economy for July that it raised its forecast for Korean economic growth to 2.5% for thi…

PARIS: Global gas demand is forecast to grow by 2.5 percent, or just over 100 bcm, primarily driven by fast-growing Asian markets, according to the Gas Market Report, Q3 2024, released by the Paris-based International Energy Agency (IEA) today.

Globa…

Singapore: The dollar was broadly weaker on Wednesday after a modest but short-lived boost following better-than-expected US retail sales data, as traders focused on the prospect of Federal Reserve rate cuts as early as September.

The New Zealand dol…

ABU DHABI: Abu Dhabi Global Market (ADGM) has announced significant revisions to its licencing fee schedule as part of its transitional arrangements for Al Reem Island businesses.

Starting from 1st January 2025, ADGM will implement major reductions o…

Brussels: European stocks opened lower for the third consecutive session on Wednesday, driven by a decline in the technology sector.

The Stoxx 600 index dropped 0.3 percent, with the tech sub-index falling 1.9 percent.

Dutch semiconductor company AS…