Day: October 1, 2024

European shares were largely steady on Tuesday ahead of key inflation data for the region later in the day.

The pan-European STOXX 600 (.STOXX), was steady at 522.97 after it logged its worst day in over a week on Monday.

Tech stocks (.SX8P), opens …

Gold prices rose on Tuesday, but hovered below recent record peaks after the US Federal Reserve chair tempered expectations for more substantial interest rate cuts this year.

Spot gold was 0.3% higher at $2,641.33 per ounce, off a record high of $2,6…

DUBAI: Dragon Oil Company, wholly owned by the Government of Dubai, is planning to double its daily production over the next five years to 450,000 bpd from its current level of 210,000 bpd.

Speaking on the sidelines of the 26th Water, Energy, Technol…

DUBAI: H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, said that Dubai, under the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, …

ABU DHABI: The Securities and Commodities Authority (SCA) announced its approval for the listing of 16 tranches linked to bonds and Islamic sukuk, with a total value of US$19.55 billion (AED72 billion), on the Abu Dhabi Securities Exchange’s “Secondar…

ABU DHABI: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, and UAE-based Azizi Developments today announced the signing of a 50-year land lease agreement for the establishment of 12 …

ABU DHABI: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, and UAE-based Azizi Developments today announced the signing of a 50-year land lease agreement for the establishment of 12 …