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Oil sinks to six-month low on China outlook

Bloomberg Oil falls as softer economic data from China eased the pressure on crude markets. West Texas Intermediate plunged as much as 5.7% to fall below $87 a barrel, the lowest in more than six months. Oil started the week on the back foot after China announced a surprise cut in key interest rates on the back of weak economic ...

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DFM allows DGCX brokerage firms to provide derivatives trading

  Dubai / WAM Dubai Financial Market (DFM) on Monday announced that it has obtained the approval of the Securities and Commodities Authority (SCA) to allow the Dubai Gold and Commodities Exchange (DGCX) licensed brokerage firms to become DFM derivatives members and to provide their services in the market for the first time. Currently, there are approximately 21 DGCX brokers ...

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Deal signed for new era of sustainable development

  Dubai / WAM The Museum of the Future signed a strategic partnership agreement with Dubai Electricity and Water Authority (Dewa) to showcase unique technologies and solutions related to the future of environmental sustainability and renewable energy. The agreement aims to pave the way for constructive research that helps solve today’s ecological challenges. This agreement is working towards enhancing Dubai’s ...

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