Trading

BEIJING: China’s central bank conducted 258 billion yuan (US$36.18 billion) of seven-day reverse repos at an interest rate of 1.7 percent Wednesday.

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

The dollar index, which tracks the currency against the euro, pound, yen and three other major currencies, fell to its lowest since Jan. 2 at 101.34, after falling 0.5% or more in each of the previous three sessions, as traders awaited US jobs data la…

DUBAI: Dubai International (DXB) is gearing up to welcome 3.43 million passengers between 21st August and 2nd September as residents return from their summer vacations.

In a press release on Wednesday, DXB announced that it expects average daily traf…

SHARJAH: Sharjah Economic Development Department (SEDD) released its Annual Report for the year 2023, showcasing its success in achieving exceptional growth in the targets of accelerating economic activities of all kinds.

In 2023, the volume of issue…

TOKYO: The number of foreign visitors to Tokyo hit a record high of about 19.54 million in 2023, according to an estimate by the Tokyo metropolitan government.

The estimate shows visitor numbers for the capital have made a full recovery from the COVI…

The South Korea’s finance ministry said Wednesday it will extend the tax cut on fuel for automobiles by another two months until the end of October as concerns linger over the Middle East crisis.

South Korea has been applying a 20% discount on gasoli…

WASHINGTON: Crude oil production in the United States will grow to an average of 13.7 million barrels per day (b/d) and marketed natural gas production will grow to an average of 114.3 billion cubic feet per day (Bcf/d) in 2025, according to the lates…

GENEVA: Comoros joined the WTO on 21 August as its 165th member, after 17 years of negotiating its accession terms with WTO members. It is the 10th least-developed country (LDC) to accede to the WTO through negotiations.

Comoros also announced its fo…