New york: Major indices on Wall Street closed higher on Monday. The S and P 500 rose by 20.19 points, or 0.27 percent, to close at 7600.03 points. The Nasdaq Composite gained 114.75 points, or 0.43 percent, to reach 27087.37 points, while the Dow Jone…

Istanbul: The Turkish economy recorded growth of 2.5 percent during the first quarter of this year compared to the same period last year.

According to Emirates News Agency, data released by the Turkish Statistical Institute on Monday showed that th…

Abu dhabi: Oil prices surged by more than 4 percent on Monday. Brent crude futures rose by US$3.86, or 4.2 percent, to settle at US$94.98 per barrel. US crude futures also gained US$4.80, or 5.5 percent, to settle at US$92.16 per barrel.

According t…

Damascus: Syria recorded nearly 12,000 overflights in May after airlines altered their routes across the region to avoid airspaces affected by recent regional developments. The number of flights crossing Syrian airspace increased by about 375 percent …

Kinshasa: Consumer prices in the Republic of Korea rose by more than 3 percent in May compared with the same month last year, amid volatility in global energy prices following developments in the Middle East.

According to Emirates News Agency, data…

Sharjah: The Sharjah Investment and Development Authority (Shurooq) has entered into an agreement with Afhad Holding LLC to convert a 15,095-square-metre area in Sharjah’s Kshisha into a new retail destination. The project will be established on land …

Abu dhabi: Oil prices held on to most of the previous session’s sharp gains in early trade on Tuesday: Oil prices remained stable, with minor fluctuations observed in early trading on Tuesday.

According to Emirates News Agency, Brent crude futures i…