Gold prices traded flat on Wednesday as investors looked forward to a critical US inflation print that could offer clues on the Federal Reserve's interest rate-cut trajectory, Reuters said.
Category: Economy
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Kimberley Process Intersessional opens in Dubai to address global diamond trade challenges
The UN-mandated Kimberley Process (KP) Intersessional meeting opened in Dubai yesterday with resounding calls to accelerate consensus and decision-making to secure the industry's long-term security, efficiency, and operationalisation.
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Etihad Airways transports 5.7 million passengers in 4 months
Etihad Airways has published its preliminary traffic statistics for April 2024. The airline carried more than 1.4 million guests and saw its passenger load factor average out at 84 percent across the month.
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Dubai Investments reports net profit of AED119.96 million in Q1 2024
Dubai Investments, listed on the Dubai Financial Market, announced a net profit attributable to shareholders after tax of AED119.96 million for the first quarter of 2024, compared to AED314.44 million in the corresponding period last year.
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Etihad Cargo fully prepared for UAE-PLACI
Etihad Cargo, the cargo and logistics arm of Etihad Airways, has announced its complete readiness for the UAE Pre-Loading Advance Cargo Information (PLACI) regulations, ensuring that partners and customers will experience no disruptions in their shipments.
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Zayed International Airport discusses strengthening economic and tourism relations between Abu Dhabi and Shanghai
Today, Zayed International Airport received a high-level Chinese delegation, as part of the launch event of the “Meet in Shanghai” initiative, which is an interactive initiative that will be held from May 6 to 20, to encourage travelers to travel on an exciting trip. To the heart of Shanghai, a global city with a unique culture and ancient civilization.
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Gold loses $8 in spot transactions
Gold prices declined during today’s trading, losing about $8 in spot transactions.
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The Emirates Group records annual profits of 18.7 billion dirhams
The Emirates Group achieved record annual profits amounting to 18.7 billion dirhams (5.1 billion US dollars), a growth of 71% compared to the previous year’s profits amounting to 10.9 billion dirhams (3 billion dollars).
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DEWA’s R&D Centre publishes 221 scientific, research papers in international forums by end of 2023
Dubai Electricity and Water Authority (DEWA)’s Research and Development (R&D) Centre published 73 Scopus-indexed scientific and research papers in 2023 in several international scientific conferences, peer-reviewed journals, and periodicals. This brings the total of scientific and research papers published by the centre to 221 until the end of last year.
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CEPAs play key role in surging FDI inflows to UAE: ADIO official
The UAE is attracting an increasing flow of foreign direct investment (FDI), driven by several factors, among which a network of Comprehensive Economic Partnership Agreements (CEPAs) with global partners is particularly significant, according to Massimo Falcioni, Chief Competitiveness Officer (CCO) at Abu Dhabi Investment Office (ADIO).