Gold rose about 1.5 per cent on Friday, boosted by sharp rallies in equities and commodities after data showed that China's economic growth, though slower, was stronger than some had expected.
Friday's rally was the largest one-day gain in three weeks, and it lifted the precious metal to a weekly gain from the loss column.
China's growth rate slowed for a sixth successive quarter to its weakest pace in more than three years, but some economists had anticipated worse because of signs of a slowdown in the United States and Europe.
UAE Central Bank supports m-Government
The Central Bank of the UAE has hosted a meeting in support of the m-Government initiative launched on the 22nd May, 2013.
The meeting was attended by Sultan Bin Nasser Al Suwaidi, Govern
National Bank of Kuwait (NBK) opened its new branch under the patronage of the UAE Central Bank
Sadara signs SR 39.37 bn funding agreements
Sadara Chemical Company (Sadara) yesterday announced the signing of a number of definitive financing agreements for an additional funding of approximately SR 39.37 billion ($ 10.5 billion). This mark
Abu Dhabi Ports Company (ADPC), a master developer and regulator of ports a
SABIC’s UK plant makes dramatic turnaround
After nearly 20 years of under-investment, SABIC UK Petrochemical’s ethylene liquefaction plant on Teesside has witnessed a dramatic turnaround and is on track to make productivity gains of more than