ABU DHABI / WAM The UAE has strongly condemned the Iranian-backed terrorist Houthi militia’s attempts to target civilian areas in Riyadh, Saudi Arabia, with a missile intercepted by Saudi air defences. In a statement by the Ministry of Foreign Affairs and International Cooperation on Monday, the UAE renewed its full solidarity with the Kingdom over these subversive terrorist attacks and ...

DUBAI / WAM The Dubai Gold & Commodities Exchange (DGCX) on Monday announced that it has launched a 12.5kg physically delivered Daily Gold Futures Contract, available for trading from Monday. As the first-of-its-kind in the region, the contract builds on DGCX’s growing suite of precious metal products. The Daily Gold Futures Contract was introduced in response to increased market demand ...

Bloomberg Oil in New York inched higher with investors assessing the impact of supply curbs from Iraq and Libya on the near-term outlook. Iraq pledged to cut output in January and February after pumping more than its Opec+ quota last year, and Libyan guards halted some crude exports after a pay dispute. Crude was also buoyed by a renewed climb ...