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Gold edges up from seven week low as yields retreat

Bloomberg Gold edged up from the lowest in almost seven weeks as Treasury yields eased following dovish commentary from Federal Reserve Chair Jerome Powell. The benchmark 10-year US yield declined after touching the highest since June on Tuesday, boosting appeal of non-interest bearing bullion. The dollar steadied at near the highest since November. During a Senate Banking Committee hearing, Powell ...

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Opec sees oil demand rebound before plateauing post-2035

Bloomberg Opec sees oil demand continuing to grow to the middle of next decade, even as world leaders prepare for another attempt to avert catastrophic climate change. Global fuel consumption will fully recover from its pandemic slump by 2023, and will keep growing until it hits a plateau shortly after 2035, the Organization of Petroleum Exporting Countries (Opec) said in ...

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Sheikh Khalifa appoints new chief of geographic data centre

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a federal decree appointing Hamed Khamis Saif Al Kaabi as Director-General of the Federal Geographic Information Centre (FGIC). Al Kaabi brings over 18 years of experience across several positions in geospatial technology, mapping, surveying, geographic information systems (GIS) and remote sensing, besides his knowledge in ...

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