Bloomberg Gold slumped to the lowest in more than six months as the dollar rallied amid growing recession fears that caused losses across risk assets. The greenback surged to highest in more than two years as investors retreated to the haven, putting pressure on bullion. US stocks briefly slumped more than 2% amid fears that the Federal Reserve’s rate ...

  DUBAI / WAM The UAE has maintained its position among the top global commodity trading hubs, according to the third iteration of the Commodity Trade Index presented in DMCC’s latest Future of Trade 2022 report. The Commodity Trade Index assesses the role of ten key trading hubs within global trade, ranking these countries in terms of their significance in ...

  Abu Dhabi / WAM Abu Dhabi National Energy Company (Taqa) has announced the completion of its strategic review of its oil and gas business announced in September 2021. As part of the review, the company had been exploring the potential sale of certain of its oil and gas assets. It has been concluded that Taqa’s oil and gas portfolio ...