Browsing: Business

OPEC chief highlights the synergistic roles of oil and electrification in the global energy mix.

As Wall Street grows bullish, gold prices might hit $3,000 next year, driven by geopolitical tensions and central bank buys.

Amid a weakening dollar and rising expectations of a Fed rate cut, gold prices reached a record high of $2,500.99 per ounce, signaling strong market confidence.

Consumer spending in the U.S. experienced a notable boost in July, with retail sectors like autos and electronics leading the gains.

UAE’s IPOs raise a robust $890 million in Q2 2024, with significant listings on the Abu Dhabi and Dubai exchanges.

Stock markets rebound as Dow and S&P 500 climb, driven by robust retail sales and promising labor data, signaling a decrease in recession fears and restoring investor confidence.

Starbucks’ shares soar 24% as Chipotle’s Brian Niccol is announced as the new CEO, marking a significant leadership transition.

Positive inflation data drives a 317-point surge in the Dow, hinting at a stabilizing economic environment.

The UAE sees continued economic growth in non-oil sectors like real estate, tourism, and manufacturing, according to OPEC’s latest report.

With a nearly 44% increase year-to-date, Bitcoin leads a strong recovery in the cryptocurrency market.