Author: Steven Sahiounie

UAE – After record-breaking rains hit the UAE, all emirates have been grappling with the impact of the natural calamity. The UAE President, in a statement issued today, has said that the safety of citizens and residents is the country’s top priority and subsequently ordered a study of the country’s infrastructure.

The program, according to a SAMA press release, is an apprenticeship that aims to employ and develop local investment professionals

Honey production has also seen a notable rise, reaching 3,120 tons annually in 2023, a 41% increase compared to 2021

BEIJING/SINGAPORE – Carbon capture, utilisation and storage (CCUS) is unlikely to play a major role in decarbonising the global steel industry due to low capture rates, high costs and a track record of underperformance, a think tank said in a report on Wednesday.

The dollar edged down but was still within striking distance of its 5-1/2-month high on Wednesday, keeping the yen rooted near 34-year lows after Federal Reserve officials reiterated interest rates are likely to stay higher for longer.

Brent futures for June were down 51 cents, or 0.6%, to $89.51 a barrel at 1210 GMT, while U.S. crude futures for May were down 41 cents, or 0.5%, to $84.95 a barrel

Three-month copper on the London Metal Exchange was 0.8% higher at $9,547 per metric ton as of 1158 GMT, reversing Tuesday declines caused by slower-than-expected China’s industrial output growth

Spot gold rose 0.2% to $2,388.56 per ounce, as of 1138 GMT, nearing its all-time high of $2,431.29. U.S. gold futures fell 0.1% to $2,404.90

Doha, Qatar: The Industrial Production index (IPI) for February 2024 reached 99.1 points, an 8.2 percent decrease compared to the previous month (January 2024), whereas increased by 0.4 percent, when compared to the corresponding month in 2023.

Saudi Arabia’s Ajlan & Bros Holding has submitted a letter to the Egyptian government, expressing its interest in developing an integrated tourism project in Ras Gamila, Sharm El-Sheikh, in the coming period, Cairo 24 reported, citing sources familiar with the matter.