The Dubai Desk reports on major developments across the UAE, covering news, culture, business, and social trends shaping the region.
The OPEC+ alliance is scheduled to decide October production policy at its upcoming meeting, and most analysts expect output levels to remain unchanged.
Gold has long been viewed as a safe-haven asset during times of political and economic uncertainty, and it typically benefits from lower interest rates.
The surge reflects shifting consumer preferences and Saudi Arabia’s growing profile as a global retail destination.
The company confirmed its shares will trade under the symbol ORAS on ADX, while its secondary listing on the Egyptian Exchange (EGX) will remain unchanged.
AD Ports Group posted a more than 3% rise in net profit to AED 668 million (US$182 million) for the first half of 2025.
Gold rose for a third day to near $3,370 an ounce after U.S. Treasury yields fell, with markets now expecting a Fed rate cut in September and some betting on a larger move
