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Sensex jumps 1,000 points: What's driving the rally on Dalal Street today?
Sensex jumps points Whats driving the rally on Dalal Street today
1 litre ethanol needs 10,000 litres water: Hidden cost of India's fuel push
litre ethanol needs litres water Hidden cost of Indias fuel push
Millennium, NBIM Are Said to Invest in CATL’s $5 Billion Share Sale
Hedge-fund firm Millennium Management and Norway’s sovereign-wealth fund Norges Bank Investment Management are among those that participated in battery maker Contemporary Amperex Technology Co. Ltd.’s $5 billion share sale, according to people familiar with the matter.
Why has the UAE left Opec and what impact will its departure have?
The United Arab Emirates said on Tuesday that it was quitting Opec, dealing a heavy blow to the oil-exporting cartel and its de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and rattled the global economy. But what is Opec, and how does it impact consumers? What is Opec? Founded in 1960, the Organisation of the Petroleum Exporting Countries (Opec) is a bloc of oil-exporting nations that coordinate their oil and gas policies as a means of managing the...
Airbus Suffers Earnings Drop in First Quarter
Airbus SE’s adjusted earnings before interest and tax and revenue both fell short of analyst estimates in the first quarter, dragged down by a steep earnings drop at the main aircraft making subsidiary. The company said it’s confident it can achieve its full-year aircraft delivery and earnings targets. Bloomberg’s Benedikt Kammel reports.
Morocco Firm Plans First Fundraise for $25 Billion Gas Pipeline
Morocco’s state-controlled natural resources company plans to start raising part of the $25 billion needed to build a pipeline that will link gas fields in West Africa to the Mediterranean coastline.
The electric cars being CANCELLED: Makers who have wielded the axe on EVs due to low demand
While electric car sales are on the rise, their growth isn't accelerating at the pace industry and governments initially expected - or as fast as car makers who have invested heavily in EVs would like.
Crop Prices Hit Highest Since 2023 as War and Bad Weather Bite
The extended closure of the Strait of Hormuz and extreme weather have jolted the price index for farm commodities to a two-year high as fertilizer headaches and the prospect of smaller harvests drive food inflation risks.
Deutsche CFO Says Credit, FX Continue to 'Outperform' Expectations
Deutsche Bank CFO Raja Akram discusses the lender's first-quarter results, fixed-income trading and global uncertainty in light of the situation in the Middle East. "Credit and FX continue to outperform our expectations," Akram tells Bloomberg's Oliver Crook. (Source: Bloomberg)
Jet2 sees passengers book at the last minute amid Iran war worries
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Modon’s Tara Park on Reem Island sells out with Dh2 billion in sales
Modon has announced the sell-out of Tara Park, a residential development on Reem Island, with the project generating approximately Dh2 billion in sales. The milestone reflects strong investor confidence and sustained demand, underscoring the emirate's growing position as a global safe-haven investment destination. Tara Park comprises six residential towers with 834 apartments across one-, two-, and three-bedroom layouts. Connected to Reem Ma...
London home sales hit by Donald Trump's Iran war as 'prices soften and purchases delayed'
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ADNOC eyes US gas deals as AI power demand reshapes energy: Reports
Dubai: Abu Dhabi National Oil Company’s plan to deploy tens of billions of dollars into the US natural gas sector marks a wider shift in Gulf energy strategy, with ADNOC’s overseas investment arm XRG moving to build a gas platform that can serve both global LNG demand and the fast-rising power needs of artificial intelligence.Sign up for our daily business newsletter, Cheques & Balances.The strategy, reported by the Financial Times and cited by Reuters, would place XRG deeper into one of the mos...
Kpler Sees Brent as High as $125 If Blockade Continues
Homayoun Falakshahi, head of crude oil analysis at Kpler, discusses energy markets as investors focus on the next step for peace talks between the US and Iran. He tells Bloomberg Television that should the US manage to sustain its blockade of the Strait of Hormuz for another two months, "Iran's oil revenues will drop to zero." Falakshahi also warns that should the waterway remain closed for another two months, prices for oil could go back to "roughly 120, 125 [dollars a barrel] for Brent." (Sour...
This new form replaces 15G, 15H as PF rules get simpler. What it means for you
This new form replaces G H as PF rules get simpler What it means for you
Worker housing in UAE: MOHRE mandates free internet, 24-hour clinics and recreational areas
The Ministry of Human Resources and Emiratisation (MOHRE) has issued a comprehensive set of regulations governing labour accommodation, mandating free internet access and enhanced health and welfare facilities as part of efforts to improve living standards.According to the new guidelines, employers must ensure licensed and adequate housing for workers or provide a housing allowance. Facilities housing 1,000 workers or more are required to operate 24-hour medical clinics, alongside recreational a...
Santander UK takes profit hit from further costs of motor finance scandal
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Thailand Holds Key Rate to Support Economy Amid Oil Shock
The Bank of Thailand left its benchmark interest rate at a near four-year low, focusing for now on supporting the economy from the drag of the war in Iran rather than its potential inflationary impact.
Dubai Chamber of Commerce and CBD host open dialogue on banking solutions for businesses - Emirates 24|7
Dubai Chamber of Commerce and CBD host open dialogue on banking solutions for businesses Emirates 24|7