Browsing: Business
In a move aimed at mitigating the impact of ongoing global energy market fluctuations, South Korea has announced a two-month prolongation of its temporary fuel tax reduction scheme, now extending until the end of November 2026. This decision was made
India has cautioned Washington that the proposed tariffs on nations importing Russian crude could negatively impact bilateral relations and interfere with worldwide commodity markets. This warning came in the wake of the United States House of Representatives passing the Sanctioning
As a result of the U.S. Federal Reserve’s> quarter-point increase in interest rates, bullion prices faced renewed downward pressure across global trading platforms. Spot gold dropped 1 percent to $4,249 per ounce, reaching multi-session lows amid rising sovereign yields and
– On September 12, the Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan held a discussion with Indian Prime Minister Narendra Modi in New Delhi. The primary focus was on ways to enhance relations between UAE
– The inflation rate in Oman reached 3.4% in August 2026, driven by rising costs in transportation, food, and various service sectors. This increase followed a rate of 3.2% in July and reflects a continued upward trend in annual consumer
The United Arab Emirates and Germany have finalized an economic deal worth €9.66 billion, with the signing taking place during a high-level visit to Berlin. UAE President Sheikh Mohamed bin Zayed Al Nahyan engaged in talks with leading German corporate
India and Russia have committed to accelerating their economic partnership, with the goal of hitting a two-way trade volume of $100 billion by the year 2030. The initiative was discussed during high-level plenary sessions at the INNOPROM India 2026 industrial
– The United Arab Emirates has revealed plans to channel €40 billion into Germany, targeting key sectors such as industry, advanced technology, artificial intelligence, digital infrastructure, and energy. The announcement was made during President Sheikh Mohamed bin Zayed Al Nahyan’s
– A significant €40 billion investment package from the UAE to Germany was unveiled during a visit to Berlin, where the two nations also established a Strategic Dialogue and agreed on forming a bilateral Investment Council. UAE President Sheikh Mohamed
– Gold prices moved slightly higher on Thursday as a softer US dollar bolstered the precious metal ahead of upcoming US inflation data. Spot gold increased by 0.3% to $4,414.28 per ounce by 0419 GMT. Meanwhile, US gold futures for