China’s stocks have steadied today after dropping more than 5% in the previous two days. Yesterday stocks plummeted to an eight-month low, dashing hopes that the country’s economy was on its way to a strong recovery. More good news for China’s economy came in the form of the consumer inflation report, which remained modest in April with commodity prices also rebounding.
UAE becomes top 10 global exporter, WTO figures show
The UAE has become one of the world’s top 10 exporting countries for the first time, according to the latest figures from the World Trade Organisation’s (WTO) “World Trade Prospects and Statistics” report.
ADNOC Gas says domestic demand still being met after Habshan attack
ADNOC Gas said on Sunday that demand in the UAE was being met through its other facilities after the Habshan complex in Abu Dhabi was hit by debris from an intercepted attack on Friday.
OPEC+ adjusts output by 206,000 bpd from May
The eight OPEC+ countries, namely the United Arab Emirates, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and the Sultanate of Oman, announced an adjustment to oil production levels on Sunday, reaffirming their joint commitment to supporting stability in global oil markets.
More than 2,700 firms join Dubai Chamber of Commerce in March
Dubai Chambers said on Sunday 2,709 firms registered at Dubai Chamber of Commerce during March, with the largest share coming from the real estate, renting and business services sector, accounting for just over 41 per cent of new members.
UAE maintains strong credit rating with stable outlook after Moody’s review
The UAE Ministry of Finance has said the country's maintained its Aa2 credit rating with a stable outlook, following a periodic review of the country’s financial position by the credit ratings agency Moody’s Ratings.
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Pinoy Expat Corner
What inspired the establishment of the Filipino senior citizens group here in the UAE?
Pinoy Expat Corner
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Pinoy Expat Corner
What does someone working on a yacht usually do? Are they often out at sea, and how long do they usually stay there?
