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DMCC is currently home to over 45 percent of the 1,500 American businesses in the UAE
Quantitative and algorithmic trading account for 70 percent of daily oil futures trading
Multiple Chinese banks have been given new gold import quotas from the central bank, signaling renewed buying demand
Brent crude futures declined by 13 cents, or 0.2 percent, to $79.55 per barrel
Globally, spot gold was up 0.3 percent at $2,454.40 per ounce
Brent crude futures, expiring in October, fell 0.1 percent to $80.94 a barrel
The port operator invested $994 million in capital expenditures during the period
So far this year, gold prices have gained 19 percent and set a new record high of $2,483.60 on July 17
Brent crude futures rose 0.21 percent to $79.93 a barrel
During the first half of 2024, Abu Dhabi recorded 12,439 real estate transaction activities with a value of AED36.2 billion
The report expects robust demand in Western economies, especially the US, which consumes one-third of global gasoline
The coffee retailer has appointed Niccol as its new chairman and CEO effective September 9
Brent crude oil futures for the October delivery rose 0.5 percent to $81.09 per barrel
Data on Tuesday revealed that U.S. producer prices increased less than expected in July, signaling a cooling in inflation
Gold prices will likely see additional support if a softer U.S. inflation report is released, raising hopes for a larger rate cut
Global benchmark Brent crude futures dipped 78 cents, or 0.95 percent, to $81.52 a barrel
OPEC also cut next year's demand growth estimate to 1.78 million bpd from the previous 1.85 million bpd
Before last week, oil prices recorded four consecutive weeks of losses amid fears of slowing economic growth
Progress on inflation could support gold prices to retest a new all-time high once more
Markets are now pricing in a 55 percent chance of a 50-basis-points cut in September with bets on an additional cut in December
Brent oil futures slipped 0.1 percent to $79.11 a barrel
U.S. dollar declined by 0.15 percent to 103.05, making greenback-priced bullion more affordable for other currency holders
Brent crude futures rose 23 cents, or 0.3 percent, to $78.56 per barrel
Markets are pricing in a 65 percent chance of a 50 basis point rate cut in September, the CME FedWatch tool revealed
