Trading

The official price of Omani oil, for delivery in October, reached on Wednesday USD 76 and 16 cents per barrel, an increase of 45 cents compared with Tuesday’s price, which amounted to USD 75.71.

The monthly average price of Omani crude oil for delive…

DUBAI: The Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), an agency of the Dubai Department of Economy and Tourism (DET), significantly enhanced its support for entrepreneurs and businesses in the first hal…

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…

Oil prices fell on Tuesday on estimates showing an increase in US crude inventories.

Brent crude futures fell 9 cents, or 0.1%, to $77.11 a barrel, while US West Texas Intermediate crude lost 12 cents, or 0.2%, to $73.05 a barrel.

According to marke…

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…

DUBAI: du, Emirates Integrated Telecommunications Company (EITC); and etisalat by eand, today announced a strategic collaboration with Nakheel, a member of Dubai Holding, to provide fixed telecom services and enhance the ICT infrastructure in new deve…

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…