Economy

The Republic of Korea’s consumer prices rose 2.9 percent in September from a year earlier, data showed Friday, with energy costs remaining elevated while prices for agricultural goods declined. Consumer price growth returned to the 2 percent levels in September, slowing from a 3.1 percent on-year rise posted in August, …

Oil prices were nearly flat in early Asian trade on Thursday, following gains in the previous session and steep monthly rises. Brent crude futures rose 12 cents, or 0.1 percent, to US$98.15 a barrel by 00:45 GMT, while US West Texas Intermediate (WTI) crude futures fell 7 cents, or 0.1 …

DMCC has recorded 7.7 percent growth in the number of British companies registered in its business district over the past 12 months, taking the total to 2,258. The announcement came as DMCC concluded its latest “Made For Trade Live” roadshow in London. British companies account for around 8.5 percent of …

EZDubai Logistics Hub, the integrated logistics zone in Dubai South, in partnership with Euromonitor International, has launched the sixth edition of its annual e-commerce report, highlighting the continued expansion of digital commerce across the UAE and the wider Middle East, North Africa and South Asia (MENASA) region, as evolving consumer …

The Arab world’s financial sector will turn its attention to Abu Dhabi tomorrow (Monday) with the launch of the official Golden Jubilee celebration marking five decades since the establishment of the Arab Monetary Fund, alongside the opening of the 17th Ordinary Session of the Council of Arab Finance Ministers. Both …

Heatwaves this summer cost the German economy around €25 billion, according to a study by Allianz and Allianz Trade. The losses were mainly driven by a drop in productivity linked to intense heat, higher workplace absences and longer breaks. A heatwave in late June saw Germany experience record temperatures exceeding …

Oil prices edged lower on Friday after rising to a one-week high on Thursday. Brent crude fell 87 cents, or 0.82 percent, to US$105.73 a barrel at 02:12 GMT, while West Texas Intermediate declined US$1.56, or 1.65 percent, to US$93.05 a barrel. Brent settled 3.4 percent higher on Thursday, while …

A United Arab Emirates delegation, headed by Hamad Al Kaabi, Director-General of the Federal Authority for Nuclear Regulation (FANR), participated in the Roadmaps to New Nuclear 2026 Conference, held in Paris. The delegation included representatives from the Ministry of Energy and Infrastructure, FANR and the Emirates Nuclear Energy Company (ENEC). …

Gold prices edged higher on Tuesday as US Treasury yields declined, although expectations of higher interest rates limited gains. Spot gold rose 0.3 percent to US$4,357.31 per ounce, while US gold futures for December delivery gained 0.3 percent to $4,395. Among other precious metals, spot silver rose 0.7 percent to …

Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, recently organised a dedicated pitching session in collaboration with Oraseya Capital, the investment arm of Dubai Integrated Economic Zones Authority (DIEZ), aimed at enhancing funding opportunities for technology startups. The session brought together …