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Browsing: Business
Adnoc awards $5.5 billion contract for low-carbon LNG project
NMDC Energy, Technip Energies, and JGC Corporation have secured a $5.5 billion contract from Adnoc for the engineering, procurement, and…
Dubai: Travelling this summer? How to avoid shocking Dewa bills while you’re away
Are you ready for your summer holidays? Before you head out, ensure you activate the ‘Away Mode’ on your utilities…
Global gasoline refining margins slump on slow summer driving season
Oil refiners are seeing reduced profitability in their gasoline sales during the peak US summer driving season, falling short of…
Global sporting events set to spark UAE retail investor interest
As global audiences gear up for a summer packed with sporting events, UAE retail investors adjust their investment portfolios strategically.…
UAE: Gold prices jump nearly Dh2 per gram in early trade
Gold prices in the UAE continued their ascent, with the 24K variant of the yellow metal opening at Dh283.5 per…
Indian rupee depreciates four paise against US dollar in early trade
During early trade on Thursday morning, the Indian rupee depreciated by four paise to reach 83.48 (Dh22.74) against the U.S.…
Indian rupee hits record low, weakens against firm greenback
The Indian rupee reached a new low, touching 22.784 against the UAE dirham and 83.6188 against the US dollar. It…
Global central banks recalibrate as the big policy easing of 2024 fizzles
Six months ago, the world’s major central banks were gearing up for a move that would excite anyone with a…
China’s factory output disappoints, property sector stuck in doldrums
China’s industrial output in May fell short of expectations, highlighting ongoing challenges in the property sector despite government efforts to…
US industrial production comes in hot in May.
According to Federal Reserve data released Tuesday, US factory output exceeded expectations and surged notably in May. Despite the Fed…