business

Emirates to connect Dubai and China’s Hangzhou with new daily flights starting July 30

The new service will operate with a Boeing 777-300ER, offering 2,478 weekly seats

ADNOC Distribution reports 16 percent net profit increase to $174 million in Q1 2025

EBITDA rose by 11 percent to $275 million, the highest first-quarter result since 2017 IPO

Crude oil prices rebound to $61.20 as price drop sparks buying; oversupply concerns persist

Brent crude futures reached $61.20, while U.S. West Texas Intermediate settled at $58.05 a barrel

Dubai 24-carat gold prices up AED8; global rates surpass $3,360 amid safe-haven demand

Market analysts predict that any dovish signals from the Fed could further support gold prices

UAE and Croatia explore opportunities in new economy, tourism and advanced technology

Focus on creating a flexible business environment to boost investment and dialogue between both nations 

Saudi Arabia non-oil sector employment climbs, reflecting continued growth momentum

Saudi Arabia's economy grew 2.7 percent in Q1, driven by non-oil sector activities and diversification

Warren Buffett to step down as CEO of Berkshire Hathaway – Who will lead next?

Buffett’s announcement was met with applause from 40,000 shareholders during the annual meeting 

Oil prices drop over $2 as OPEC+ agrees to increase production by 411,000 barrels

Barclays lowered its Brent forecast by $4 to $66 a barrel due to OPEC+ decisions

Dubai’s 24-carat gold prices up AED3.50; global rates rise on weaker dollar

Traders expect 80 basis points of rate cuts this year after strong job growth reported in April

Dubai’s TECOM Group posts $185.1 million in revenues, up 21 percent YoY

Diverse asset portfolio and long-term strategy drive 23 percent YoY profit increase

Abu Dhabi Infrastructure Summit to launch inaugural edition in June 2025 to drive innovation, investment

The summit aims to facilitate dialogue on critical challenges shaping the emirate’s built environment