Browsing Category
BUSINESS
OPEC daily basket price stood at $22.61 a barrel Tuesday
VIENNA: The price of OPEC basket of thirteen crudes stood at US$22.61 a barrel on Tuesday, 31st March 2020,…
OFID commits US$200m to global fight against COVID-19
VIENNA: The OPEC Fund for International Development, OFID, has announced a range of measures to support…
UAE tech company launches software for businesses
UAE tech company Loyica recently launched a new CRM software called Saphyte. According to the company, the software…
Oil falls $1 as price war escalates with Saudi plan for higher output capacity
LONDON: Oil prices fell on Wednesday, giving up earlier gains, pressured by Saudi Arabia’s plans to boost…
Stocks, oil prices plunge as virus closes sites around world
BANGKOK: The world’s largest economies delivered more worrisome cues Monday as anxiety over the virus outbreak…
Brent Crude Futures Drop 25% After OPEC Fails to Strike Deal
This is the first time oil prices have fallen lower than $34 per barrel since February of 2016, after OPEC+…
UAE, Montenegro agree to expand joint economic cooperation in vital sectors
DUBAI: The UAE and Montenegro have agreed to bolster cooperation across areas of trade, investment, agriculture,…
Indian rupee falls to 19.82 vs UAE dirham
The currency slumped after two fresh coronavirus cases were confirmed in India. The Indian rupee pared all its…
Port of Fujairah to invest AED750 million to expand, upgrade quays
FUJAIRAH: The Port of Fujairah, one of the world’s key oil storage centres and the second-largest ship bunkering…
World stocks set for worst weekly slump since 2008 as pandemic fears intensify
TOKYO - World share markets were headed for their worst week since the depths of the 2008 financial crisis…
Khalifa Fund signs US$100 million agreement supporting SMEs in Ethiopia
The Khalifa Fund for Enterprise Development has announced the signing of a US$100 million (AED368 million)…
Fifth round of political consultations between UAE, Germany takes place in Berlin
BERLIN, 14th February, 2020 (WAM) -- The fifth round of political consultations between the UAE and Germany began…
Boeing supplier Spirit slashes dividend due to 737 MAX crisis
Spirit AeroSystems Inc, Boeing Co’s largest supplier, said on Friday it would slash its quarterly dividend to just…
PSX lost 1,487 points during last trading week
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a bearish trend in the last trading week as KSE-100 index…
Coronavirus threat forces world’s biggest car factory to shut its operations
SEOUL: The most productive car factory in the world, South Korea’s Hyundai company has suspended operations at…
OPEC daily basket price stood at $54.99 a barrel Wednesday
The price of OPEC basket of fourteen crudes stood at US$54.99 a barrel on Wednesday 5th February, compared with…
Dubai Airport busiest for international traffic for 6th year running
Dubai International, DXB, has retained its position as the world’s number one hub for international passengers for…
Pakistan Stock Exchange gains 88 points
KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday bounced back, as the KSE 100-Index gained 88 points after…
Ban on new petrol and diesel cars under consideration
LONDON: Britain will ban the sale of new petrol and diesel cars from 2035, five years earlier than planned,…
China stocks crash on coronavirus fears
Chinese stocks crashed on Monday with some major shares quickly falling by the maximum daily limit as the country’s…