gold

Gold treads water as traders cautiously await US inflation data

Spot gold was little changed at $1,674.62 an ounce as of 7.48am in Singapore

UAE Cabinet approves federal budget 2023-26 courtesy WAM

UAE Cabinet approves 2023-2026 federal budget, with total expenditure of Dhs252.3bn

Social development and benefits represent the largest proportion of the country’s federal budget 2023 at 39.3 per cent

Gold is heading East as a falling price lures Asian buyers

Since peaking in March, gold prices have tumbled 18 per cent as the Federal Reserve’s rate hikes caused mass liquidation by financial investors

Gold set for largest weekly gain since March amid mixed US data

The precious metal crossed the $1,700 mark this week

Sheikh Ahmad Nawaf Al-Ahmad Al-Sabah reappointed as Kuwait’s Prime Minister

The premier has been assigned to nominate members of the new cabinet

New board formed for Abu Dhabi Businesswomen Council

New board formed for Abu Dhabi Businesswomen Council

The new board will have a mandate to help female entrepreneurs refine their skills, introduce them to laws and policies and help them leverage initiatives

CEPA agreement

UAE, Georgia begin talks on comprehensive economic partnership agreement

The agreement aims to drive economic growth in the two countries

Saudi Crown Prince

Saudi Crown Prince Mohammed bin Salman named Prime Minister

The directive comes as part of a cabinet reshuffle

Dubai Chambers appoints new president and CEO

Mohammad Ali bin Rashed Lootah will lead Dubai Chambers in overseeing the implementation of its initiatives and strategic plans

India imposes import curbs on laptops

Almost 80% of remote workers think they’d be fired for saying no to the office

Employers polled say they’re prepared to offer flexible scheduling, with 60 per cent saying they would offer hybrid options to employees disinclined to return to in-person work

MoIAT, Korean Agency for Technology and Standards

UAE’s MoIAT, Korean Agency for Technology and Standards partner to boost standardisation

The aim of the MoU is to enhance technical collaboration and knowledge exchanges in standardisation to facilitate bilateral trade

Arab youth Survey

UAE chosen as ‘top country to live in’ by Arab youth for 11th consecutive year

For the 11th year running, UAE is the country most young Arabs want their own nation to emulate

New UAE initiative ‘Thabat’ aims to support growth of family businesses

The programme aims to transform 200 family business projects into major companies by 2030 with a market value exceeding Dhs150bn and annual revenue of Dhs18bn

Licences issued, renewed in Sharjah

Licences issued and renewed in Sharjah increase 8% during H1 2022

A total of 29,299 licences were renewed during the first half of the year

Gold steadies after sinking to two-year low as rate hike looms

Bullion had been hovering above $1,700 an ounce for most of September

UAE israel education

Sheikh Abdullah bin Zayed arrives in Tel Aviv on Abraham Accords’ second anniversary

Besides the UAE foreign minister’s latest visit, we take stock of the key developments and events since the signing of the historic accords

DMCC

Dubai’s DMCC records twofold rise in Chinese companies over last five years

DMCC is home to 703 Chinese companies, constituting nearly 12 per cent of the total number across the UAE

Gold steady after US inflation spurs biggest drop in two months

Bullion ended 1.3 per cent lower on Tuesday after the consumer-price index figures were released

Oil

Saudi oil output hit 11 million barrels a day in August

It’s the highest monthly production level the kingdom has reported to OPEC since April 2020

IMF sees Kuwait's GDP growth at above 8% for 2022

Kuwaiti conglomerate Alghanim Industries weighs $1bn IPO

Deliberations about a potential listing are in the early stages and no final decisions have been made

Dubai Chamber

Dubai Chamber of Commerce records 69% rise in new members through August

The number of e-transactions processed by the chamber crossed 642,000 in first eight months of the year

UAE cabinet

UAE cabinet approves new law regulating public-private sector partnerships

The cabinet also approved the temporary licensing of the first electric cargo aircraft

UAE ranks 10 among nations in global indicators

UAE ranks among top 10 countries in 432 global indicators: FCSC

The country excels in several essential areas, including education, environment, climate change, security and safety, cybersecurity, infrastructure, flexibility of regulations and governance

cotton

Climate change: How has extreme weather affected cotton?

The world’s cotton supply keeps shrinking, hit by drought and heat

Gold

Gold edges up as expectations firm for super-sized rate hike

Elevated yields tend to weigh on non-interest bearing bullion

Britain’s longest reigning monarch, Queen Elizabeth II, passes away

In June this year, Queen Elizabeth became the first monarch in British history to celebrate a Platinum Jubilee

Saudi economic growth revised higher as boom spreads beyond oil

GDP overall grew a revised 12.2 per cent from a year earlier, the fastest since 2011

Dubai Can initiative

Dubai Can initiative slashes usage of over 3.5 million single-use plastic bottles

During the last six months, 46 fountains were installed in various locations across the city

Global digital trading platform for recycled plastics launches in UAE

The world’s plastics market is forecast to reach $45.6bn by 2025

Saudi Arabia inflation

Two biggest Gulf economies boom and turn corner on inflation

Growth in the Saudi non-oil economy reached a 10-month high in August