Browsing: Business
As the dollar strengthened ahead of a closely watched U.S. jobs report that could provide more insight into the Federal Reserve’s interest rate-hike plans, gold prices advanced on Friday after a sharp drop in the previous session. As of 1008
As part of its expansion strategy, Abu Dhabi Islamic Bank (ADIB) has announced that it will have a greater than 52% ownership stake in ADIB Egypt. As disclosed to the Abu Dhabi Securities Exchange (ADX) on Thursday, ADIB announced that
ADNOC, a reliable and responsible provider of energy with low carbon intensity, announced today a bold new strategy to decarbonize its operations globally. In November 2022, ADNOC’s Board of Directors approved its Net Zero by 2050 ambition and accelerated delivery
Markets fell Monday evening ahead of the latest Federal Reserve meeting minutes and a flurry of economic data. Dow Jones Industrial Average futures fell 72 points, or 0.2%. Nasdaq 100 futures fell 0.44% and S&P 500 futures lost 0.28%. In
Dnata, a global air and travel services provider, has broken ground on its new 20,000 m2 cargo warehouse, which will expand its operations at Erbil International Airport (EBL). Up to 50 additional jobs will be created by the facility, which
The International Monetary Fund (IMF) chief Kristalina Georgieva warns that this year will be tougher on the global economy than last year. In a CBS Sunday interview, she said the US, EU, and China are all slowing down simultaneously. “One
It has been reported by the Arab Monetary Fund (AMF) that the UAE ranked first in the Arab world in terms of the value of manufactured exports in 2021, with a total value of $142.5 billion. According to the AMF’s
Gold futures settled unchanged at $1,826.2 on the last trading day of 2022, while spot gold rose 0.2% to $1,818.70. The yellow metal rose on Friday, as the non-yielding metal is on track to close the quarter at its highest
Joe Biden signed a spending bill worth $1.7 trillion on Thursday that will fund the federal government through September 2023, the end of the federal budget year. Just before Christmas, the Democratic-controlled House passed the bill 225-201, mostly along party
An energy technology pioneer, Form Energy, with the backing of Bill Gates, Jeff Bezos, and Richard Branson has revealed the site of the first factory to manufacture ‘iron-air’ batteries for long-term wind and solar energy storage. In Weirton, West Virginia,