Trading

South Korea’s SK hynix, the world’s second-largest memory chip maker, said Thursday it has developed the world’s first 16 gigabyte DDR5 chip using the sixth generation of the 10 nanometer chipmaking technology.

According to SK hynix, the new product …

Oil prices edged up on Thursday after two sessions of losses, with a smaller-than-expected draw in US crude inventories that sapped demand expectations.

Brent crude futures climbed 9 cents, or 0.11%, to stand at $78.74 a barrel, while US West Texas I…

DUBAI: Dubai AI Campus, the largest dedicated cluster of AI companies in the region at the DIFC Innovation Hub, and Google Cloud, today announced a collaboration agreement aimed at fostering the growth of the startup ecosystem within the Dubai AI Camp…

Gold prices edged up on Thursday, aided by a weaker dollar and hopes of a Federal Reserve interest rate cut, while focus turned to a key US inflation print.

Spot gold was up 0.5% to $2,513.77 per ounce, while US gold futures rose 0.4% to $2,546.80.

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ABU DHABI: The Central Bank of the UAE (CBUAE) announced today an auction of Monetary Bills (M-Bills) on 2nd September, 2024. The auction includes four issues of M-Bills Treasury bonds.

According to CBUAE data, the first issue for 28 days will be up …

ANKARA: Turkey’s foreign trade gap decreased notably in July from the previous year as exports surged amid a fall in imports, the Turkish Statistical Institute said on Wednesday.

The trade deficit dropped to US$7.3 billion in July from US$12.5 billio…

ABU DHABI: The UAE National Pavilion is set to participate in the 14th edition of the Special Operations Forces Exhibition and Conference (SOFEX) 2024, which will take place at Aqaba International Exhibitions and Conferences Centre in the Kingdom of J…

The Ministry of Agriculture in the Gaza Strip announced that the Israeli occupation forces (IOF) have destroyed all agricultural lands in the Strip, which amount to 180,000 dunums that were planted with vegetables, fruits and field crops.

In an excl…