EGA expects demand to drive aluminium prices

Top Middle East aluminium maker sees prices rising with demand

The company expects its full-year sales volume to be in line with 2022 even as prices have declined over the last 12 months

DMCC says diamond trade grew by 17% in 2022

Dubai’s DMCC sees 17% rise in diamond trade in 2022

According to DMCC’s figures, trade for rough and polished diamonds touched $37.4bn in 2022

DMCC attracts record number of companies in 2022

Dubai’s DMCC witnesses ‘best-ever’ year for registrations, welcomes 3,049 businesses in 2022

This marks a year-on-year increase of 23 per cent, breaking the previous record set in 2021 when DMCC registered 2,485 new members

Oil set for weekly gain on signs of tight supply, China comeback

West Texas Intermediate futures traded near $76 a barrel and are up around 7 per cent this week

Their call comes in a year of record profits for Big Oil as energy prices surged with the world economy reopening from Covid lockdown

Oil steadies as traders fret global slowdown will erode demand

Oil has made a weak start to September, extending a run of three monthly losses

FAO food prices drop in August 2022 Getty images162809452

World food commodity prices decline further in August, reveals FAO report

The FAO Food Price Index averaged 138.0 points in August, down 1.9 per cent from July although remaining 7.9 per cent above its value a year before

Commodities rack up more stunning gains as supply fears deepen

Brent crude surged as much as 18 per cent after opening on Monday

Dubai Multi Commodities Centre Authority

Dubai Multi Commodities Centre achieves record growth

More than 8,347 new companies joined DMCC between 2018 to 2021, with 2,485 companies joining DMCC last year

Oil slumps to lowest since May after Fed signals taper this year

Oil’s impressive first-half rally has lost momentum in July and August

Gold heads for best close in six weeks

Bullion is set to post the first monthly gain since July after a run of losses prompted by the development of effective coronavirus vaccines

Gold climbs to seven-year high as Fed warns on US economic growth

Bullion has surged 16 per cent this year as the spread of the virus curbed economic growth

Arabs Target Mining Sector

The region is doubling its mineral production with the aim of creating jobs and digging up new profits.

Shariah Carbon Credits Planned

Islam could hold the key to turning around the Gulf’s dismal environmental record.

Qatar’s Global Rise

The richest place in the world, the region’s most peaceful country, and winner of the World Cup bid, the stars have never been more aligned for the tiny Gulf state.