Gold edged up on Friday as the dollar softened and investors weighed the impact of China's currency intervention on the timing for the first US interest rate increase in nearly a decade.
Bullion was set to
German airline Air Berlin, in which UAE's Etihad holds stake, plans to restructure its business model in the fourth quarter of the year, after it reported a wider second-quarter loss on Wednesday.
The airline has made operatin
Abu Dhabi National Energy Company (Taqa), the state-controlled oil explorer and power supplier, swung to a net loss of Dh421 million ($114.7 million) in the second quarter as revenues from oil and gas nearly halved, hit by lower prices.
Gold steadied near a 5-1/2-year low on Friday and was on track to show a loss for the seventh week in a row, its longest such slump since 1999, ahead of US data that may determine how soon the Federal Reserve raises interest rates.
Marka, a leading public joint stock retail operator in the UAE, said it will enter profitablity next year, even as it announced a net loss of Dh2.14 million ($584,092) for the three months ending June 30.
Bahrain's poultry farmers are fearing for their future in the wake of planned subsidy cuts, due to come into effect later this year.
They held a crisis meeting yesterday (July 27) in a bid to devise a strategy for keeping pric
Boeing Co, which loses about $23 million on every 787 Dreamliner passenger jet that leaves the factory, is trying to stem the losses by cutting the use of one of its signature ingredients: titanium.
The strong, lightweight alloy u
Gold slid more than one per cent to its lowest since 2010 on Friday (July 24), on course for its biggest weekly loss in nine months, as strong US jobs data helped deepen this week's rout and fuelled fears the metal has some way to fall yet.
Gold was on the brink of five year lows on Tuesday (July 21), with more losses expected in the coming months following Monday's ‘bear raid’ when sellers dumped an estimated 33 tonnes in just two minutes.
Telecom operator Zain Saudi reported a narrowing second-quarter loss on Wednesday, beating analyst forecasts as its operational performance improved.
The company has yet to make a quarterly profit since launching services in 2008