Browsing: Business

As the U.S. Federal Reserve increased benchmark interest rates by a quarter of a percentage point, gold prices globally continued their decline on major commodity exchanges. Spot bullion dropped 1 percent during international trading sessions to reach $4,249 per ounce,

– On September 12, in New Delhi, Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan met with Indian Prime Minister Narendra Modi. The discussions centered on enhancing the bilateral relationship between the United Arab Emirates and

– In August 2026, Oman experienced an inflation rate of 3.4% annually, marking an increase in consumer prices that followed recent upward trends. The inflation rate was 3.2% in July and 2.8% in June. From January through August, the average

During his official state visit to Germany, President His Highness Sheikh Mohamed bin Zayed Al Nahyan held discussions with top German business executives and corporate leaders in Berlin. At a high-level roundtable with industry leaders, the UAE President was briefed

India and Russia are accelerating efforts to expand non-energy trade and reciprocal investments as both nations target $100 billion in annual bilateral commerce by 2030. Speaking at the INNOPROM India 2026 industrial trade fair, officials outlined strategies to narrow India’s

– The United Arab Emirates aims to channel €40 billion into Germany, focusing on sectors such as industry, technology, energy, and digital infrastructure. This substantial commitment was unveiled during President Sheikh Mohamed bin Zayed Al Nahyan’s official state visit to

– During a state visit to Berlin, the United Arab Emirates and Germany deepened their bilateral partnership. UAE President Sheikh Mohamed bin Zayed Al Nahyan and German Chancellor Friedrich Merz announced the signing of 12 government accords and declarations. These

– Gold prices hovered just above $4,400 per ounce on Thursday, reversing an earlier decline seen in the previous trading session. Spot gold increased 0.3% to reach $4,414.28 by 0419 GMT. Meanwhile, U.S. gold futures for December delivery dipped slightly

– The Panama Canal is contemplating a further reduction in daily vessel transits amid ongoing drought conditions impacting its water reserves. According to Administrator Ilya Espino de Marotta, transit numbers could decrease to approximately 29 ships per day in February

German automaker Volkswagen AG agreed Monday to sell its Osnabrück manufacturing plant to Israeli private equity firm Aurelius Capital and the German state of Lower Saxony, setting up the site’s conversion into a dedicated defense manufacturing facility. Under the preliminary