China

DFM, SZSE partner to strengthen UAE-China capital market ties, enhance cross-border investment

This partnership will foster joint initiatives like roadshows, seminars, research collaborations, and training programs

UAE gold prices steady amidst global rise following strong U.S. data

Globally, spot gold was up 0.3 percent at $2,454.40 per ounce

Oil prices edge lower but set for weekly gains on U.S. optimism

Brent crude futures, expiring in October, fell 0.1 percent to $80.94 a barrel

Dubai Chambers, Bank of China partner to support investors, enhance bilateral trade

Agreement signing coincides with the 40th anniversary of the establishment of diplomatic relations between the UAE and China

Oil prices climb on rate cut hopes, but China concerns remain

Brent crude futures rose 0.21 percent to $79.93 a barrel

Abu Dhabi’s real estate FDI jumps 225 percent to $893 million in H1 2024

During the first half of 2024, Abu Dhabi recorded 12,439 real estate transaction activities with a value of AED36.2 billion

Indian businesses top Dubai Chamber of Commerce’s list of newcomers in H1 2024

The trade and repairing services sector ranked first, accounting for 41.5 percent of all new companies joining the chamber

IEA trims 2025 oil demand forecast, cites weakened Chinese economy

The report expects robust demand in Western economies, especially the US, which consumes one-third of global gasoline

Starbucks bets on Chipotle’s turnaround guru to brew up a comeback – but who is Brian Niccol?

The coffee retailer has appointed Niccol as its new chairman and CEO effective September 9

Oil prices rise as U.S. stockpiles shrink, Fed rate cut bets grow

Brent crude oil futures for the October delivery rose 0.5 percent to $81.09 per barrel

Oil prices decline as OPEC lowers 2024 demand forecast amid China slowdown

Global benchmark Brent crude futures dipped 78 cents, or 0.95 percent, to $81.52 a barrel

OPEC cuts 2024 oil demand growth forecast to 2.11 million bpd on weaker Chinese demand

OPEC also cut next year's demand growth estimate to 1.78 million bpd from the previous 1.85 million bpd