Browsing: Business
India has cautioned Washington that the proposed tariffs on nations importing Russian crude oil could negatively affect bilateral ties and disturb global commodity trading. This warning was issued after the United States House of Representatives approved the Sanctioning Russia and
International bullion trading saw renewed downward momentum as markets absorbed a quarter-point increase in interest rates by the U.S. Federal Reserve. Spot gold fell 1 percent to $4,249 per ounce, reaching multi-session lows amid rising sovereign yields and tighter monetary
– On September 12, in New Delhi, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Abu Dhabi Crown Prince, held talks with Indian Prime Minister Narendra Modi. The discussions centered on enhancing the partnership between the UAE and India,
– Oman’s yearly inflation rate increased to 3.4% in August 2026, driven by higher prices in transport, food, and various service sectors. This rate surpassed the 3.2% recorded in July, reflecting a continued monthly rise in annual consumer prices. The
In Berlin, UAE President Sheikh Mohamed bin Zayed Al Nahyan engaged in discussions with leading German corporate executives to promote increased cross-border investment and trade cooperation. Emphasizing the UAE’s role as a key global logistics hub and its investor-friendly policies,
India and Russia have committed to accelerating their economic collaboration with the aim of reaching a bilateral trade volume of $100 billion by 2030. During the high-level plenary discussions at the INNOPROM India 2026 industrial technology expo in New Delhi,
– Plans have been unveiled by the United Arab Emirates to channel €40 billion into Germany, targeting multiple strategic industries. The funding encompasses sectors such as manufacturing, cutting-edge technology, artificial intelligence, digital infrastructure, and energy. This declaration was made during
– During an official visit to Berlin, the United Arab Emirates and Germany inaugurated a Strategic Dialogue and committed to establishing a bilateral Investment Council. UAE President Sheikh Mohamed bin Zayed Al Nahyan and German Chancellor Friedrich Merz attended the
– On Thursday, gold prices experienced a slight increase as a softer U.S. dollar provided support for bullion ahead of upcoming U.S. inflation figures. The spot price of gold climbed 0.3% to $4,414.28 per ounce by 0419 GMT. Meanwhile, U.S.
– The Panama Canal might see its daily vessel count reduced to around 29 ships in February or March 2027 if drought conditions persist, according to its new administrator. Ilya Espino de Marotta assumed her role on Sept. 7 and