Trading

Gold prices were flat on Wednesday as investors weighed chances of an outsized interest rate cut by the Federal Reserve later in the day.

Spot gold was little changed at $2,571.28 per ounce. Bullion rose to a record high of $2,589.59 on Monday.

US g…

Oil prices rose by a dollar a barrel on Tuesday as supply disruptions mounted and traders bet that demand will grow if the US Federal Reserve lowers borrowing costs this week, as is widely expected.

Brent crude futures gained 95 cents, or 1.3%, to se…

The Central Bank of Libya administration assigned by the Presidential Council said that all accounts, including tax fees and reserves, are still as they are in the records and no action has been taken regarding them, considering that these procedures …

WASHINGTON: The US Federal Reserve decided in its meeting today to cut its benchmark interest rate by 50 basis points, after eight consecutive meetings of maintaining the rate.

The US central bank announced that it reduced the interest rate by half a…

The Qatar International Centre for Conciliation and Arbitration (QICCA) at the Qatar Chamber has launched a new package of electronic services via its website.

This comes in the context of QICCAs strategy to enhance its digital infrastructure and pro…

European shares were flat on Wednesday, as investors stayed on the sidelines ahead of an all-important interest rate decision by the US Federal Reserve that could mark the beginning of a monetary-easing cycle in the world’s largest economy.

The pan-E…

ABU DHABI: The UAE-India Defence Industries Cooperation Forum, co-organised by the Emirates Defence Companies Council (EDCC) and the Society of Indian Defence Manufacturers (SIDM), was held today in Abu Dhabi.

The event brought together a distinguish…

DUBAI: Ryan McPherson, Regional Director, Middle East and Africa at the Energy Industries Council (EIC), hailed the UAE’s rapid progress in clean energy.

He highlighted the nation’s bold, all-encompassing strategy that harnesses solar, wind, green hy…