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WORLD CAPITALS/ WAM Gold prices eased on Tuesday as the US dollar firmed, the metal backing away from a record peak hit in the previous session as a fusion of bullish factors including growing US rate cut bets and geopolitical risks drove safe-haven demand, Reuters reported. Spot gold was down 0.6% at $2,410.73 per ounce, as of 0335 GMT after ...

TOKYO / WAM Asian stocks drifted lower while the dollar held firm on Tuesday as investors awaited minutes of the Federal Reserve’s latest policy meeting to gauge the timing and extent of possible interest rate cuts this year, Reuters reported. Gold eased back from all-time peak, while crude oil declined on worries of US interest rates staying high for longer ...

ABU DHABI / WAM Louvre Abu Dhabi and the National Museum of Sultanate of Oman (NM) have signed a new loan agreement, through which two distinguished pieces from Louvre Abu Dhabi’s collection will be exhibited at the National Museum for one year. This agreement continues the tradition of cultural exchange between the two museums, offering visitors an insightful exploration of ...

TOKYO / WAM Japan ranked third in a list of destinations in a travel and tourism development report released by the World Economic Forum (WEF) on Tuesday, scoring highly for its natural and cultural resources and transport infrastructure, Japanese news agency Kyodo News reported. The United States topped the list, with Spain coming second. Japan was the highest-ranking country in ...

DUBAI / WAM The UAE has ranked first in the Middle East and North Africa (MENA) region and 18th globally in the World Economic Forum’s Travel & Tourism Development Index (TTDI) . According to the report released on Tuesday, the UAE raised its score by 4.4 percent in the 2024 index, climbing seven places from its 25th global ranking in ...

DUBAI / WAM The Ministry of Human Resources and Emiratisation (MoHRE) has urged private sector companies employing 50 or more workers to meet their half-yearly Emiratisation targets for 2024. These targets call for a 1% growth in the number of Emiratis working in skilled jobs in these companies, in line with the relevant Cabinet Resolution. The ministry has set June ...

RAS AL KHAIMAH / WAM Ras Al Khaimah’s credit rating has been upgraded to ‘A+’ from the previous ‘A’, by the international credit rating agency Fitch Ratings. The upgrade reflects the emirate’s improved credit metrics driven by stronger medium-term growth forecasts. The growth forecasts for the emirate are based on large investment projects and further economic diversification. Ras Al Khaimah’s ...

ABU DHABI / WAM As part of its ongoing commitment to passenger safety in the emirates, the Department of Municipalities and Transport, represented by Abu Dhabi Mobility in collaboration with relevant authorities, has formally approved the tinting of bus windows of all sizes across the emirate. This regulation applies to both private and public buses licensed within the emirate. Additionally, ...

SOFIA / WAM Abdulrahman Ahmed Al Jaber presented his credentials as Ambassador Extraordinary and Plenipotentiary of the UAE to the Republic of Bulgaria, to Rumen Radev, President of the Republic of Bulgaria, during an official ceremony at the Presidential Palace in the capital, Sofia. Al Jaber conveyed the greetings of the UAE President His Highness Sheikh Mohamed bin Zayed Al ...

ABU DHABI / DUBAI MEDIA OFFICE His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, on Tuesday visited the Zayed International Airport in Abu Dhabi. His Highness stated that the UAE continues to consolidate its status as a key hub for international travel, supported by a robust and reliable ...