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China’s Logistics Sector Returns to Expansion

Beijing: China’s logistics sector returned to expansion in May, with the index tracking the country’s logistics market reaching 50.3 percent, an increase of 0.6 percentage points compared to the previous month. A reading above 50 percent indicates exp…

Oil Prices Drop in Early Asian Trading Amid Profit-Taking

Abu dhabi: Oil prices fell during early Asian trading on Thursday, reversing some of the sharp gains recorded in the previous session: Brent crude futures declined by 67 cents, or 0.69%, to trade at $97.14 a barrel. Meanwhile, US West Texas Intermedia…

OIC Condemns Iranian Attacks on Bahrain and Kuwait

Jeddah: The General Secretariat of the Organisation of Islamic Cooperation (OIC) strongly condemned the continuous Iranian attacks targeting the Kingdom of Bahrain and the State of Kuwait.

According to Emirates News Agency, the secretariat stated in…

Bitcoin Drops to Three-Month Low After Four Percent Slide

New york: Bitcoin fell by four percent on Wednesday to trade at $64,721.39 dollars, marking its lowest level since 28 February. The sharp decline forms part of a broader sell-off across the digital asset market, which has faced mounting pressure from …

US Stocks Decline as Tensions and Commodity Prices Rise

Wall street: US stocks closed lower on Wednesday as investors pulled back from equities amid heightened geopolitical tensions and rising commodity prices.

According to Emirates News Agency, the benchmark S and P 500 index shed 54.11 points, or 0.74%…

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