Browsing: Business

Abu Dhabi Ports (AD Ports) Group has launched a new weekly container shipping service from Khalifa Port in the UAE to Shuwaikh Port in Kuwait to improve connectivity and facilitate trade between the two countries. The inaugural visit of the

Gold prices remained close to one-year highs on Friday, fueled by recent US economic data that suggested the Federal Reserve may be nearing the end of its rate-hiking cycle. This drove non-yielding bullion towards a second consecutive weekly increase. Spot

Emirates Global Aluminium (EGA) has announced its collaboration with the Heavy Industry Low-carbon Transition Cooperative Research Centre (HILT CRC) to advance research in the decarbonization of alumina refining. HILT CRC is an Australian cooperative research center that brings together industry,

The International Monetary Fund (IMF) has provided over $24 billion in interest-free loans to more than 50 low-income countries since the COVID-19 pandemic. The resource adequacy of the Poverty Reduction and Growth Trust (PRGT), Resilience and Sustainability Trust (RST), and

Gold prices have surged past $2,000 an ounce, scaling one-year highs, as the US dollar and yields weakened. This follows weaker-than-expected US economic data, which reinforces bets for a slowdown in the pace of interest rate hikes despite growing concerns

Switzerland’s Federal Prosecutor is investigating potential breaches of criminal law by officials involved in the state-backed takeover of Credit Suisse by UBS Group, which was announced last month. The prosecutor’s office is examining the deal for any evidence of wrongdoing

Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day on Sunday, ahead of a virtual meeting of an OPEC+ ministerial panel. The unexpected move takes the total volume of cuts

Parshottam Rupala, the Indian Minister of Fisheries, Animal Husbandry and Dairy Industry of the Central Government, said that India ranks third among the world’s fish producing nations with an eight percent contribution to the total global fish production.

Investors were watching for testimony from Federal Reserve Chair Jerome Powell on Monday as well as the February jobs report at the end of the week, which will likely influence how hawkish the central bank will be going forward. Dollar

During the third meeting of the Industrial Partnership for Sustainable Economic Development’s Higher Committee, companies from the UAE, Egypt, Jordan and Bahrain signed industrial agreements worth more than $2 billion. Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry