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Gold rises on hopes for Fed rate cut in June, softer dollar

WORLD CAPITALS / WAM Gold prices rose on Monday as renewed bets that the US Federal Reserve would begin cutting interest rates in June and a softer dollar lifted bullion’s appeal, Reuters said. Spot gold was up 0.4% at $2,172.09 per ounce, as of 0350 GMT. Also, US gold futures climbed 0.6% to $2,173.40 per ounce. Spot silver gained 0.2% ...

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Asian shares trade mixed as investors await indications on Fed’s decision

TOKYO / WAM/ AP Asian shares were trading mixed on Monday, as investors awaited further indications the Federal Reserve might begin cutting interest rates. Japan’s Nikkei 225 shed 0.7 percent to 40,619.40, as investors sold shares to lock in profits after the benchmark recently hit record highs. Hong Kong’s Hang Seng climbed 0.5 percent to 16,584.22, while the Shanghai Composite ...

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Alibaba Cloud opens training centre in Dubai Internet City

DUBAI / WAM Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, unveiled the MEA region’s Alibaba Cloud Academy Training Centre today, which will serve as a hub for customers and partners to elevate their digital competence. Located in Dubai Internet City, a global tech ecosystem part of TECOM Group PJSC, the training centre is designed to empower ...

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Etihad Cargo, Astral Aviation launch Abu Dhabi-Nairobi flight

ABU DHABI / WAM Etihad Cargo, the cargo and logistics arm of Etihad Airways, in partnership with Astral Aviation, a leading cargo airline with extensive African network coverage, completed the inaugural flight from Nairobi, Kenya, to Abu Dhabi, UAE, on March 21. This flight marked the commencement of a promising collaboration following the memorandum of understanding (MoU) signed between the ...

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Under the patronage of Sheikh Mansour, Nahyan bin Mubarak opens cosmological horizons of Holy Quran conference in Abu Dhabi

ABU DHABI / WAM Under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, inaugurated conference titled “The Holy Quran, Cosmological Horizons, and the UAE’s Efforts in Serving It”, organised by the General Authority of Islamic ...

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China introduces first national water conservation regulations

BEIJING / WAM China has introduced its first national-level regulations on water conservation, which experts say will provide legal guarantees for water security and ecological protection. The regulations, issued by the State Council, will come into effect on May 1. According to China Daily, the comprehensive provisions address key issues in water conservation, such as water usage, conservation, and management. ...

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China logs 3.46 billion tkm of cargo on international air routes in February

BEIJING / WAM China’s aviation regulator announced that domestic airlines reported an accelerated recovery of international flights and a record for cargo transport in February. As reported by China Central Television, the total cargo transported on international air routes to and from China in February amounted to 3.46 billion tonne-kilometres (tkm). This marked a significant year-on-year increase of 108.6 percent ...

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Construction of Natural History Museum Abu Dhabi reaches 65% completion

ABU DHABI / AD MEDIA OFFICE The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and Miral have revealed 65 percent completion of the overall development of the Natural History Museum Abu Dhabi. Located within Saadiyat Cultural District, the museum is set to be the largest of its kind in the region, once construction is completed by the ...

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