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Bullion is on track for a second consecutive weekly increase, rising 2.5 percent so far this weekGold prices hit an all-time high of $3,002.64 on Friday amid growing uncertainty over U.S. tariffs, trade tensions and increasing expectations of monetary policy easing by the Federal Reserve.In the UAE, gold rates recorded an increase, with 24-carat gold and 22-carat gold gaining AED1 to AED360 and AED335, respectively. Meanwhile, 21-carat gold rose AED1 to AED321.25 and 18-carat gold gained AED0.75 to AED275.25.Globally, spot gold rose 0.77 percent to $3,002.64 per ounce, as of 10:32 GMT. Bullion is now on track for a second consecutive…

Etihad-SAT will be launched aboard SpaceX’s Falcon 9 rocket at 10:39 AM UAE timeThe Mohammed Bin Rashid Space Center (MBRSC) announced today that its first Synthetic Aperture Radar (SAR) satellite, Etihad-SAT, is scheduled for launch tomorrow, March 15, from the Vandenberg Space Force Base in California, USA.Etihad-SAT will be launched aboard SpaceX’s Falcon 9 rocket at 10:39 AM UAE time. The center noted that the launch date and timing may be subject to change based on weather and operational conditions.“The launch of Etihad-SAT reflects the UAE’s commitment to strengthening its capabilities in the space sector by adopting the latest advancements…

China and Laos are moo-ving toward more sustainable cattle farming with a crossbreeding agreement that marks the first export of China’s coveted Huaxi cattle that are specifically grown to mature rapidly and produce high-quality meat.The agreement focuses on crossbreeding local Lao cattle with high-quality breeds from China, utilising advanced breeding techniques to improve growth rates and body size, meat quality for market demands, adaptability to the local environment, and economic benefits for farmers, the Lao News Agency reported on Thursday, citing a memorandum of agreement signed by both sides on Tuesday.“As one project in China’s Belt and Road Initiative, the…

The Palm Jumeirah in Dubai, Dubai, United Arab EmiratesNikada | E+ | Getty ImagesThe global trade war triggered by U.S. President Donald Trump shows no sign of abating, with tit-for-tat tariffs hammering major economies, tanking stock markets and dimming growth prospects.The economies concerned – North America, the European Union, and China – face highly uncertain futures. But for the Middle East, which has so far been spared of additional levies, there are still reasons to worry – as well as opportunities to take advantage of.Direct impact from tariffs, like the U.S. levies on steel and aluminum imports, have just a…

Doha recorded 95 deals worth QAR16.4 billion, the highest transaction value in 5 yearsQatar’s real estate market ended 2024 with a strong performance in key segments. The market witnessed 330 mortgage transactions across all asset classes of ready properties, a quarterly increase of 32 percent and an annual increase of 26 percent. The total value of mortgage transactions reached QAR25.2 billion ($6.91 billion) during the fourth quarter of 2024, reflecting a notable annual surge of 172.3 percent.The latest report by Valustrat revealed that Doha recorded 95 deals worth QAR16.4 billion, the highest transaction value in 5 years, while Al Rayyan…

Doha recorded 95 deals worth QAR16.4 billion, the highest transaction value in 5 yearsQatar’s real estate market ended 2024 with a strong performance in key segments. The market witnessed 330 mortgage transactions across all asset classes of ready properties, a quarterly increase of 32 percent and an annual increase of 26 percent. The total value of mortgage transactions reached QAR25.2 billion ($6.91 billion) during the fourth quarter of 2024, reflecting a notable annual surge of 172.3 percent.The latest report by Valustrat revealed that Doha recorded 95 deals worth QAR16.4 billion, the highest transaction value in 5 years, while Al Rayyan…

Doha recorded 95 deals worth QAR16.4 billion, the highest transaction value in 5 yearsQatar’s real estate market ended 2024 with a strong performance in key segments. The market witnessed 330 mortgage transactions across all asset classes of ready properties, a quarterly increase of 32 percent and an annual increase of 26 percent. The total value of mortgage transactions reached QAR25.2 billion ($6.91 billion) during the fourth quarter of 2024, reflecting a notable annual surge of 172.3 percent.The latest report by Valustrat revealed that Doha recorded 95 deals worth QAR16.4 billion, the highest transaction value in 5 years, while Al Rayyan…

Tepid consumer spending and escalating competition are weighing on the performance of China’s food and beverage (F&B) chains, with analysts warning that chances of a sustained recovery remain slim in the absence of policy support targeted at the sector.Mainland fresh drinks maker Nayuki is expecting an adjusted net loss of up to 970 million yuan (US$134 million) for 2024, compared with a profit of 20.9 million yuan the previous year, according to a filing to the Hong Kong stock exchange this week. The company attributed the loss to consumption headwinds, intensifying competition and losses from the closure of underperforming stores.…

Total income for 2024 reached AED4.66 billion, driven by strong performance across the real estate and the investment segmentDubai Investments PJSC reported a net profit before tax attributable to shareholders of AED1.3 billion ($354 million) for the fiscal year ending December 31, 2024, compared to AED1.07 billion during the same period last year, marking a 21 percent increase.The group’s total income grew to AED4.66 billion, mainly driven by the sale of properties amounting to AED1.03 billion due to strong demand for real estate projects and efficient execution of the Danah Bay project on Al Marjan Island in Ras Al Khaimah…

Total income for 2024 reached AED4.66 billion, driven by strong performance across the real estate and the investment segmentDubai Investments PJSC reported a net profit before tax attributable to shareholders of AED1.3 billion ($354 million) for the fiscal year ending December 31, 2024, compared to AED1.07 billion during the same period last year, marking a 21 percent increase.The group’s total income grew to AED4.66 billion, mainly driven by the sale of properties amounting to AED1.03 billion due to strong demand for real estate projects and efficient execution of the Danah Bay project on Al Marjan Island in Ras Al Khaimah…