Gold prices rose to a record high on Monday, as a softer US inflation reading cemented bets that the Federal Reserve would deliver its first interest rate cut of the year in June.
Spot gold was up 1.2 per cent at $2,256,69 per ounce, as of 12.45 UAE time, after hitting an all-time high of $2,265.49 earlier in the session. US gold futures gained 1.8% to $2,279.10.
Spot silver rose 1.34% to $25.25 per ounce, platinum was up 0.53% at $916.08 and palladium climbed 0.7% to $1,021.77.
ADNOC Drilling awarded AED6.24bn contract to unlock UAE’s unconventional energy resources
ADNOC Drilling Company has been awarded a AED6.24 billion contract by ADNOC to provide drilling and associated services for the recovery of unconventional energy resources.
EHRDC offer 50 private-sector job opportunities for Emiratis
A total of 50 private sector job opportunities have been announced for Emiratis during a highly successful Career Open Day held at the Al Khawaneej Majles.
Tokyo startup to develop reusable rocket
Tokyo-based startup Innovative Space Carrier Inc. will develop a reusable satellite launch rocket in partnership with a US rocket engine maker, aiming for commercial use by around 2030.
OpenAI strikes deal to bring Reddit content to ChatGPT
Reddit has partnered with OpenAI to bring its content to popular chatbot ChatGPT sending the social media platform's shares up 12 per cent in extended trade.
Emirates set to resume Nigeria flights
Emirates Airline will resume services to Nigeria from October 1, 2024, operating a daily service between Lagos and Dubai.
7:00pm - 11:00pm
Dubai Eye complements the conversation with the music you love from the eighties, nineties and newer.
11:00pm - 6:00am
Dubai Eye complements the conversation with the music you love from the eighties, nineties and newer.
Dubai Duty Free executive vice chairman and CEO, Colm McLoughlin, announced that he will be stepping down from his role after 55 years in the travel retail industry and 41 years of leadership at Dubai Duty Free. Colm joined the Business Breakfast to reflect on his epic career.
78% of AI users are now bringing their own AI tools to work, but what does this mean for employers? Zubin Chagpar, Senior Director and Business Group Leader, Modern Work and Surface Devices, Microsoft CEMA tells us more.
ADNOC Drilling's CFO, Youssef Salem, Chief Financial Officer, gives us insight into their 26% rise in Q1 net profit.
It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.
The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.
