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Business, Economy

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Gold hovers near a month high on slowing US inflation

By TRENDS Desk
March 1, 2024 6:04 pm
  • Gold rose after data suggested easing US price pressures.
  • Traders awaited remarks from US Federal Reserve officials.

ABU DHABI, UAE– Gold prices hovered near a month high on Friday after data suggested easing US price pressures, while traders awaited remarks from several Federal Reserve officials.

According to Reuters, spot gold edged 0.2 percent higher to $2,047.29 per ounce, as of 0635 GMT, after hitting $2050.59 on Thursday – its highest level since 2nd February. Bullion was headed for a second consecutive weekly gain.

US gold futures were steady at $2,055.60, WAM reported.

Spot platinum rose 0.6 percent to $881.40 per ounce, and palladium also jumped 0.6 percent to $947.35.

However, both posted a second consecutive monthly decline, with palladium touching more than five-year lows of $849.13.

Spot silver rose 0.3% to $22.74 per ounce.

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