Business, Economy

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Aluminium, copper prices hit records on Ukraine fallout

Russia and Ukraine on Thursday failed to find a breakthrough on a ceasefire at the first high-level talks between the two sides since Moscow's invasion.
By TRENDS Desk AFP
March 7, 2022 1:50 pm
  • Aluminium reached $4,026.50, the first time the lightweight metal had breached $4,000 per tonne
  • Commodities have been red hot since Russia's assault on its neighbour, with gold on Monday back above $2,000 an ounce

Aluminium and copper prices struck record highs Monday on supply fears linked to Russia’s invasion of Ukraine.

Aluminium reached $4,026.50, the first time the lightweight metal had breached $4,000 per tonne. Copper’s new record stood at $10,845 per tonne.

Commodities have been red hot since Russia’s assault on its neighbour, with gold on Monday back above $2,000 an ounce thanks to the metal’s status as a haven investment.

Also on Monday, nickel prices rocketed by more than 25 percent and oil prices soared close to $140 a barrel, reaching the highest levels in nearly 14 years.

Most Read

Environment Agency – Abu Dhabi issues marine water quality policy

ABU DHABI,  UAE – The Environment Agency – Abu Dhabi (EAD) has issued a policy on sustaining marine water quality that reviews the current situation and main challenges related to…

Energy, commodity prices hurt profits of GCC firms

GCC-listed companies' net profit dropped to US$ 57.9 billion in Q2-2023. While retail, capital goods, and utilities sectors faced profit declines, the banking sector thrived.

Exclusive: Private military companies look at $366.8bn market as their demand, role in global conflicts rise

Rising security concerns, confrontational geopolitics, and chaotic global changes have fueled the demand for private military companies, the new reality of modern warfare.

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

3 ways travel drives economic growth while enhancing global connections and sustainability

WTTC research shows that, having endured estimated losses of $4.5 trillion and 62 million jobs in 2020 alone, travel and tourism has recovered and is set to reach new heights.…