China’s forex reserves expected to increase in 2024

BEIJING: Experts said on Monday that China’s foreign exchange reserves are expected to experience a moderate rise this year. This positive outlook is attributed to the improvement in export growth and the recovery of capital inflows, following a two-y…

Brazil posts record trade surplus in 2023

SÃO PAULO: Brazil’s trade surplus set a new record in 2023, according to data released by the Ministry of Development, Industry, Commerce and Services.

According to the Brazil-Arab News Agency (ANBA), in 2023, the country exported US$339.7 billion an…

Gold gains US$9, rebounding from 3-week low

ABU DHABI: Gold prices rose during today’s trading, gaining about US$9 to rebound from its three-week low.

As of 11:28 UAE time, the yellow metal rose 0.42 percent or $9.01 to reach $2036.49 per ounce.

Gold futures for February 2024 rose 0.42 percen…

Foundation

DUBAI: Dubai Future Foundation (DFF) has announced that it is partnering with Swiss brands holding company Richemont in a competition to solve challenges in the luxury retail experience by deploying innovative technologies and solutions.

The Future o…

UAE economy expected to grow by 3.8% in 2025: World Bank

WASHINGTON: The World Bank expected the UAE’s real GDP to grow by 3.4 percent in 2023, rising to 3.7 percent in 2024 and to 3.8 percent in 2025.

According to the Global Economic Prospects report released today, the World Bank forecast the growth in t…