United States

Container volumes fuel $9.33 billion revenue for DP World in H1 2024

The port operator invested $994 million in capital expenditures during the period

UAE gold prices dip, global rates rise after slipping 1 percent as large rate cut hopes fade

So far this year, gold prices have gained 19 percent and set a new record high of $2,483.60 on July 17

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

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

UAE gold prices dip, global rates down as markets await U.S. inflation data release

Data on Tuesday revealed that U.S. producer prices increased less than expected in July, signaling a cooling in inflation

UAE gold prices rise, global rates dip after hitting over one-week high

Gold prices will likely see additional support if a softer U.S. inflation report is released, raising hopes for a larger rate cut

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

Oil prices rise for 5th session amid escalating Middle East tensions, better economic data

Before last week, oil prices recorded four consecutive weeks of losses amid fears of slowing economic growth