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Oil Prices Jump nearly Three Percent as US Inventory Falls

Oil prices rose 3 percent amid investor fears of a widening conflict in the Middle East and after a sharp drop in US crude inventories.

Brent crude futures climbed $2.09 a barrel, or 2.66%, to $80.72, for delivery in September. The more active Octobe…

CBUAE, Dubai Courts sign MoU to link electronic services

ABU DHABI: The Central Bank of the UAE (CBUAE) and the Dubai Courts have signed a Memorandum of Understanding (MoU) aimed at linking electronic services related to the execution of judgments, orders, and decisions issued by the Dubai Courts through th…

Algeria, Italy Sign MoU in Electricity Exports Field

Algeria and Italy on Wednesday signed a memorandum of understanding (MoU) in the field of electricity exports to Europe.

The Algerian energy group Sonatrach said that the MoU was signed in partnership between Sonatrach, the Algerian electricity and g…

Korea’s exports rise 13.9% in July to $57.4 billion

SEOUL: The Republic of Korea’s exports outbound shipments rose 13.9 percent on-year to US$57.4 billion last month, Yonhap News Agency reported, citing data from the Ministry of Trade, Industry and Energy on Thursday.

Korea’s exports extended on-year …

China’s factory activity contracts for third month

China’s factory activity contracted for the third consecutive month in July, government data showed.

The Purchasing Managers Index (PMI) for China’s manufacturing sector, a gauge of activity of some 3,000 big and state-owned firms across the country,…

Alpha Dhabi reports AED6.7 billion net profit in H1 2024

ABU DHABI: Alpha Dhabi Holding has announced a group net profit of AED6.7 billion for the six-month period ending 30th June 2024.

Alpha Dhabi has posted remarkable H1 2024 financial results, with revenue soaring to AED29.3 billion, representing a 32%…

DFM adds 56,300 new investor accounts in 7 months

DUBAI: The Dubai Financial Market (DFM) reported a substantial increase in brokerage firms, with 56,345 new investor accounts opened in the first seven months of 2024, marking an 85% increase from the same period last year, which saw 22,700 new accoun…

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