Gold was on course for its biggest weekly fall in two months despite edging higher on Friday, a day after a two per cent slide on expectations for a US interest rate rise.
Investors took some profits on Thursday on concern that st
Global petrochemical prices fell about 18 per cent in December, the biggest month-over-month drop since November 2008, even as energy and naphtha prices continued to slide, according to a report.
The prices in the more than $3-tri
The housing prices in Saud Arabia will drop about 30 per cent due to falling oil prices, distribution of more low-cost homes and the imposition of Zakat on vacant land, said a report.
Real estate developers and owners are facing p
Amsterdam-listed OCI NV , the Egyptian construction, chemicals and fertiliser company, has announced a fall in orders at its building business ahead of plans to list it as a separate company.
The company also said it had taken pro
Brent crude oil fell by more than a dollar to around $85 a barrel on Friday as a firmer dollar and a well supplied oil market pushed the benchmark towards its steepest monthly decline since 2012.
The dollar rose to its highest lev
World oil prices are on the brink of sliding another $10 or more, according to chart analysts who say the over 20 per cent drop since June has wiped out key support levels and left behind a "technical graveyard".
Brent nudged higher to hover just under $109 a barrel on Friday, but was set to post a second straight weekly fall on easing Ukraine tensions and ample supply.
Optimism that monetary stimulus in the euro zone w
The UAE’s personal computer (PC) market has suffered a 13.76 per cent fall in sales as vendors were focusing more on tablets and smartphones in the first quarter of this year, said a report.
The laptop an
Brent crude oil futures fell for a second straight session on Wednesday, dropping below $109 a barrel on easing fears that Russia's incursion into Ukraine could lead to war.
Brent is now almost $4 below a two-month high hit at
Shares in InterContinental Hotels Group fell on Tuesday as a failure to announce a return of cash to shareholders and higher-than-expected costs for 2014 eclipsed a 10 per cent rise in 2013 profit.
The firm, which declined to comm