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Brent crude oil futures dropped by 30 cents or 0.36 percent, settling at $82.86 per barrel
Gold prices have established a support base around the $2,280 mark over the past week
Brent oil futures expiring in July had risen by 0.5 percent to reach $83.73 per barrel
Brent crude futures rose by 28 cents, or 0.3 percent, reaching $83.24 per barrel
To provide clean electricity enough to power 350,000 homes
Leading hospitality brand to open 70 hotels in the region in the next few years
New openings to bolster its position as a leading hospitality brand in the region
Innovative offers – from jet to yacht experience – continue to excite guests from around the world
The company is behind the innovative and immersive experiences on Yas and Saadiyat Islands
Middle Eastern destinations, including Dubai, Abu Dhabi, and emerging hotspots like Riyadh and Ras Al Khaimah, saw significant tourist inflows in 2023
In April, SCZONE laid the foundation stone of the Xinxing Ductile Iron Pipes Corporation’s factory
OPEC+ is likely to extend its voluntary oil output cuts of 2.2 million barrels per day beyond June
Diminishing geopolitical concerns and a reevaluation of interest rate expectations impact bullion
Surprise increase in U.S. crude inventories and prospects of a ceasefire in the Middle East add downward pressure on prices
U.S. crude production escalates to 13.15 million barrels per day in February
Market expectations for any rate cuts have been pushed out, which could boost the U.S. dollar and potentially dampen oil demand and prices
Gold lost 2.2 percent last week amidst easing tensions in the Middle East
These projects showcase UAE's commitment to energy sustainability, reducing fossil fuel reliance
Despite the increase, gold prices were down around 2.3 percent, their biggest weekly drop since early December
Brent crude futures saw a gain of 31 cents, equivalent to 0.4 percent, reaching $89.32 per barrel
According to experts, the Kingdom is the region's fastest-growing IT market
Russia sees the UAE market as a promising hub for conducting trade with Middle Eastern and African countries
EIA reported an unexpected U.S. crude drop of 6.4 million barrels, surpassing expectations of an 825,000-barrel increase
The IMF aims to boost its involvement with regional institutions, governments, and stakeholders by setting up this office
