Browsing: Business
ABU DHABI, December 19, 2025: Abu Dhabi National Oil Company (ADNOC) announced on Thursday the completion of a landmark structured financing agreement valued at up to AED 40.4 billion ($11 billion) to advance the Hail and Ghasha offshore gas development. The
SEOUL, December 19, 2025: The United Arab Emirates and the Republic of Korea have reaffirmed their commitment to strengthening cooperation in energy, industry, and advanced technology during an official visit by Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and
LONDON, December 19, 2025: Gold prices rose on Thursday as investors shifted toward safe-haven assets amid weaker risk sentiment following mixed U.S. labor market data, geopolitical tensions, and firm signals from the Federal Reserve that interest rates will remain restrictive until inflation is fully contained. Spot gold was
ABU DHABI, December 18, 2025: The United Arab Emirates strengthened its position in 2025 as one of the world’s fastest-growing economies, driven by broad-based expansion in non-oil sectors, rising trade volumes, and sustained investment inflows. Official data and global economic assessments
WASHINGTON, December 13, 2025: Gold prices climbed globally on Friday after the United States Federal Reserve cut its benchmark interest rate by 25 basis points to a range of 3.50% to 3.75%, marking the central bank’s third rate reduction this year. The decision strengthened gold’s
AUSTIN, Texas, December 11, 2025: Oracle Corporation shares dropped sharply after the enterprise software company reported quarterly revenue that fell short of Wall Street expectations, signaling a slowdown in the company’s cloud growth momentum. The stock declined more than eight percent in after-hours trading following
WASHINGTON, December 4, 2025: The World Bank has projected that the United Arab Emirates’ economy will expand by 4.8 percent in 2025, driven by balanced growth across both oil and non-oil sectors. The forecast was released in the Gulf Economic Update (GEU) Fall
SANTA CLARA, California, November 21, 2025: Nvidia Corporation’s stock fell sharply on Thursday despite the company reporting another record quarter that exceeded Wall Street’s expectations. The decline came as analysts cautioned that the semiconductor leader’s exceptional growth may be approaching a natural slowdown, even as demand for
WASHINGTON, November 19, 2025: The United States has approved the sale of F-35 Lightning II fighter jets to Saudi Arabia, marking a significant shift in American defense exports and signaling closer strategic ties between Washington and Riyadh. President Donald Trump confirmed the decision this week
SEOUL, November 17, 2025: Samsung Group announced on Sunday that it will invest $310 billion over the next five years to expand its technology capacity, with a focus on artificial intelligence and advanced semiconductors. The South Korean conglomerate said the investment aims to meet