Browsing: Business

Precious metal values declined during Tuesday trading sessions as a stronger United States dollar increased purchasing costs for international buyers while financial institutions awaited the outcome of a critical central bank meeting. Official market reports published by Emirates News Agency

Ethics watchdogs and legal experts called on Congress on Monday to institute strict anti-corruption provisions in pending cryptocurrency legislation, warning that lawmakers must close the crypto conflict of interest loopholes or scrap the CLARITY Act entirely. In a joint statement,

Private sector wage growth hits six year low in the United Kingdom as official earnings figures show regular pay in the private sector slowed to 2.9 percent in the three months to May 2026. Data published by the Office for

Indonesia expects the Abadi Masela LNG project to deliver about $37.8 billion in direct government revenue. Energy and Mineral Resources Minister Bahlil Lahadalia also projected $6.43 billion in indirect tax receipts. Officials released the figures after a July 16 groundbreaking

Egypt’s net international reserves reached a provisional $55.0723 billion at the end of June 2026. The total exceeded $55 billion for the first time and marked a record high. The Central Bank of Egypt announced the figure on July 8.

The Council of the European Union provided its final approval on Tuesday for the EU-Mexico Interim Trade Agreement. This decision marks the completion of the European Union’s internal ratification process for the trade arrangement. EU and Mexican officials signed the

U.S. President Donald Trump and Iraqi Prime Minister Ali al-Zaidi held conversations on broader economic and energy collaboration at the White House on Tuesday. Their focus was on oil, natural gas, electricity, trade, and private sector investment. Trump indicated that

Gold dropped about 3% on Monday, July 13, falling below $4,000 an ounce as oil prices surged and expectations for higher U.S. interest rates strengthened. Spot gold fell to $3,996.76 per ounce, its lowest level in two weeks. U.S. gold

Oil prices surged nearly 10% on Monday as renewed U.S.-Iran conflict focused attention on the Strait of Hormuz. Brent crude futures for September delivery gained $7.29, or 9.6%, to settle at $83.30 a barrel. U.S. West Texas Intermediate crude rose

China’s foreign exchange reserves fell 0.75% in June, official data showed, as valuation changes linked to currencies and asset prices reduced the reported dollar value of reserve holdings. The State Administration of Foreign Exchange said reserves stood at $3.4163 trillion