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الشارقة 24
Gold Falls in UAE to 516.25 AED
Emirati company Strata has launched a new production line utilizing advanced technologies to manufacture aircraft fuselages, with a production capacity reaching 30 fuselages per month, thereby strengthening its global position in the aircraft fuselage industry. Additionally, Dubai is expanding in the wealth sector by supporting institutions to ensure the continuity of assets across generations. Within the sector, Turkish Airlines has bolstered its fleet with an additional 150 Boeing 737-8 Max aircraft. In the markets, Bitcoin's price fell below $84,000, while alternative cryptocurrencies made gains. Tunisia received a purchase offer for 200,000 tons of soft wheat and barley fodder. Meanwhile, business activity in India reached its highest level in three months. In the economy, gold prices in the UAE declined to 516.25 dirhams per 24-karat gram, and the dollar rose to its highest level in two months amid inflation fears and interest rate hikes. Additionally, the second-largest IPO in India faces a valuation test after the market decline.
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