Skip to main content Skip to footer 
The agreement between the UAE and China will have a substantial positive impact on the economic sectors of mutual interest
China's slower-than-expected economic growth sparked concerns over the country's demand for oil which continues to impact prices
In the UAE, gold prices fell with 24-carat gold inching up to AED293.50 per gram
Brent oil futures for September delivery shed 0.5 percent to $84.73 per barrel
The MoU outlines a pledge for mutual cooperation on investment promotion exchanges and support
Brent futures, the global oil benchmark, rose 32 cents, or 0.4 percent, to $85.40 per barrel
For the Middle East and Central Asia, oil production and regional conflicts continue to weigh on prospects
Markets are pricing in a rate cut of at least 25 basis points by the Fed at the September meeting
Brent crude oil futures were down by 4 cents to $83.69 per barrel
Brent crude futures fell 21 cents, or 0.25 percent, to $84.64 per barrel
Exports from the three largest global LNG exporters, the U.S, Australia and Qatar, accounted for 60 percent of all LNG exports in 2023
Markets are currently pricing in a 93 percent chance of an interest rate cut in September, according to the CME Fedwatch Tool
Brent oil futures for September delivery recorded $85.10 per barrel
Brent oil futures for September delivery rose 0.1 percent to $85.52 per barrel
Brent Oil Futures expiring in September rose 0.7 percent to $85.74 a barrel
Brent crude futures rose 0.2 percent to $84.84 per barrel
BYD's Türkiye factory is expected to begin production by the end of 2026 and create 5,000 direct jobs
Brent oil futures for September delivery hovered around $85.72 per barrel
The amount shrank by 0.3 percent compared to the previous month
Brent crude futures for September delivery edged up 0.2 percent to $86.67 per barrel
Exports amounted to approximately 1.22 trillion yuan, up 11 percent, while imports stood at 1.8 trillion yuan
The investment includes $100 million in five-year convertible debentures and $400 million in a five-year loan
Partnership further supports UAE-China trade ties and the Belt and Road Initiative
India and Southeast Asian countries are projected to account for 31 percent of global consumption growth by 2033.
