Trading

The US Energy Information Administration announced Wednesday that crude oil, gasoline and distillate inventories in the United States declined last week.

The administration, which is the statistical arm of the US Department of Energy in its short-ter…

BEIJING: China’s central bank conducted 359.3 billion yuan (US$50.44 billion) of seven-day reverse repos at an interest rate of 1.7 percent on Thursday.

Xinhua News Agency quoted a statement from the People’s Bank of China as saying that the move aim…

BUCHAREST: About 116,685 Romanians got employed in the first seven months of this year due to active measures taken by the territorial branches of the National Employment Agency (ANOFM), Romanian news agency Agerpres reported on Thursday.

Among the e…

DUBAI: Network International, a digital payments company, and Sharjah-based Invest Bank have joined hands to extend Network’s digital payment services to the bank’s corporate customers.

The collaboration will enable Invest Bank to extend Network’s me…

SEOUL: Korea’s central bank froze its key rate for the 13th straight session Thursday due to soaring home prices but may start a policy pivot this year amid moderating inflation and a slower-than-expected economic outlook, Yonhap News Agency reported….

BEIJING: Hussain bin Ibrahim Al Hammadi, the UAE Ambassador to the People’s Republic of China, has said that the UAE is China’s leading non-oil trading partner in the Middle East and North Africa, with bilateral trade reaching $80.6 billion in 2023.

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SHARJAH: The Sharjah FDI Office (Invest in Sharjah) has officially opened registration for their ‘Investors’ Lounge’, a premier feature of the 7th Sharjah Investment Forum (SIF) scheduled for 18-19 September at the Jawaher Reception and Convention Cen…

ABU DHABI: As part of its commitment to drive the UAE’s industrial sector, ADNOC has enabled the establishment of eight UAE-based and international industrial centres in less than a year under commercial agreements signed through its In-Country Value …