The European Central Bank (ECB) raised its key interest rate by 50 basis points, the first increase in 11 years, as it confronts surging inflation
Gold has lost more than $110 in July alone as traders increased bets on a full percentage-point increase in US rates
The ICV programme is a pillar of the national industrial strategy and benefits certified companies by increasing local demand for their products and services
Traders are awaiting more clarity on central bank action to tackle searing inflation
Bullion is hovering above the $1,700 an ounce level as it continues be pressured by the strength in the US dollar
An 80 per cent year-over-year surge in new members was recorded between January and June 2022
Gold slumped below $1,700 an ounce on Thursday for the first time in almost a year
Bullion on Wednesday bucked a downward trend that’s seen it slide for four consecutive weeks
All major groups in the S&P 500 retreated with losses in megacaps like Tesla and Apple weighing heavily on trading
Spot gold fell 0.5 per cent to $1,725.05 an ounce in Singapore, after falling 0.5 per cent in the previous session
Johnson will also make a statement to the country on Thursday
The pandemic has fuelled a shift in attitudes about work
Copper fell 1.1 per cent to $7,589 a ton on the London Metal Exchange as of 11.03am in Shanghai, dipping below the $7,597 intraday low on Tuesday
The company’s investments during the contract extension period is expected to reach another $7-8bn
In July, the UAE will sign its fourth comprehensive economic partnership agreement with Colombia
The policies focus on four main sectors of manufacturing, food, infrastructure, and transport
The pact will help increase annual bilateral trade to $10bn within five years by removing trade barriers on a range of goods and services
The strategy, via six programmes, will create 13,600 skilled jobs, with a focus on Emirati talent and boost Abu Dhabi’s trade with international markets
For a metal like copper, its uses in everything from heavy industrial machinery to advanced electronics mean the market is tightly linked to economic shifts
Dubai International Chamber operates four representative offices in Kenya, Ethiopia, Mozambique and Ghana
The job losses are across the company, with most affected workers based in the US
The deal would add at least £1.6bn a year to the UK economy and support new jobs across key industries
The Crown Prince stressed the importance of working continuously to consolidate Dubai’s position as an attractive business and investment destination
More than 1,300 delegates attended the event, including representatives from leading national companies, manufacturers and investors
Companies should not wait for regulators to fix gaps, they would do well to proactively establish a strict internal control framework
The highlight of the relationship between Israel and the UAE is not its economic or political aspects, but rather the human side
Violators will face stiff penalties, including imprisonment and a financial fine
ECA International analyses the cost of consumer goods and services in more than 490 locations worldwide, while accommodation data is also factored in
UAE imports from GCC countries in 2021 increased to Dhs56.3bn, compared to Dhs43.8bn in 2020
The emirate’s hotel occupancy stood at 76 per cent during the January-April period