Category: Business
Securities and Commodities Authority Charts New Course for UAE Financial Markets
Abu Dhabi: The Securities and Commodities Authority (SCA) convened its inaugural meeting of 2025, chaired by Mohamed Ali Al Shorafa, Chairman of the Board, with the participation of Board members Faisal Yousuf Selaitin, Vice Chairman, Waleed Saeed Al …
EU Moves to Ensure Competitive Steel Industry
Brussels: The European Commission has introduced new measures to sustain and expand Europe’s industrial capabilities in the steel and metals sectors. The executive body presented its Steel and Metals Action Plan, aimed at enhancing the sector’s compet…
CBUAE Maintains Interest Rates Unchanged at 4.40%
Abu Dhabi: The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40%. This decision follows the US Federal Reserve’s announcement to keep the Interest Rate on Reserve Balances…
DP World Expands Electric Freight Operations at Jebel Ali Port
Jebel Ali: DP World has launched a cutting-edge electric freight solution at Jebel Ali Port in partnership with Einride, marking a major step towards decarbonising terminal operations. Now running around-the-clock, the first wave of the electric fleet…
U.S. Butane Exports Reach New Record Amid Surging Global Demand
Washington: The United States is exporting record volumes of normal butane as global demand for liquefied petroleum gases (LPG) surges, according to U.S. Energy Information Administration. U.S. normal butane exports averaged nearly 500,000 barrels per…