Trading

Minister of Industry and Mineral Resources Bandar Alkhorayef has concluded his official visit to Singapore.

In the course of his visit, the minister met with Singapore’s Minister for Manpower and Second Minister for Trade and Industry Dr. Tan See Len…

ABU DHABI: RAKBANK has completed its first Tier 2 security issuance, raising US$250 million, the securities were issued with a maturity of 10.25 years and a non-call period of 5.25 years (10.25NC5.25), carrying a coupon rate of 5.875 percent.

In a pr…

The US dollar fell against most major currencies in Wednesday’s trading.

The dollar index, which measures the strength of the greenback against six major currencies, fell 0.3% to 101.4.

Against the Japanese yen, the dollar fell 0.9% to 144.22 yen as…

The Saudi Central Bank (SAMA) and the Central Bank of the Republic of Trkiye (CBRT) signed a memorandum of understanding (MoU) to enhance cooperation between the two central banks.

According to a press release from SAMA, the MoU establishes a framewo…

Oil prices fell on Wednesday, extending the previous day’s more than 4% plunge, amid concerns over lower global demand growth.

Brent crude futures for November fell 28 cents, or 0.4%, to $73.47 after dropping 4.9% in the previous session. US West Tex…

Turkiye’s Treasury and Finance Minister Mehmet Simsek has expressed his expectations that the consumer price index (inflation) will be within the expected range at the end of this year at 38 percent, noting that the decline in inflation has become cle…

DUBAI: Etihad Water and Electricity (EtihadWE) has officially inaugurated four new facilities, advancing its strategic goals to bolster electricity and water infrastructure and promote sustainable water management across the Northern Emirates.

These …

The official price of Omani oil, for delivery in November, reached on Wednesday USD 73.39 cents per barrel, a decrease of USD 3.24 cents compared with Tuesday’s price, which amounted to USD 76.63.

The monthly average price of Omani crude oil for deli…