Bloomberg Gold held its biggest decline in two weeks after strong US jobs growth tempered recession fears, suggesting that the Federal Reserve is likely to persist with steep interest-rate hikes to curb inflation. Bullion dropped as much as 0.9% as US nonfarm payrolls jumped by more than double what economists had forecast, diminishing prospects of an economic slowdown. That ...

  Dubai / WAM Dubai attracted 7.12 million international overnight visitors between January and June 2022, recording more than 183% growth in visitors compared to the 2.52 million tourists who visited Dubai during the same period in 2021, according to latest data from Dubai’s Department of Economy and Tourism (DET). This positive trend in H1 2022 places the city firmly ...

  Abu Dhabi / WAM The United Arab Emirates has emphasised the need to restore calm to the Gaza Strip, reduce escalation, and preserve civilian lives. In a statement, Afra Mahash Al Hameli, Director of the Strategic Communications Department at the Ministry of Foreign Affairs and International Cooperation (MoFAIC), said that the UAE expresses its deep concern over the current ...