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Emirates Global Aluminum plans local input expansion
Gold prices in the UAE have risen, with 24-karat gold reaching approximately 499 AED, despite the metal's decline amid a strong dollar and expectations of interest rate cuts. This occurred alongside other economic events, including the arrival of the first Iranian aircraft at Najaf Airport after the resumption of flights, and Aqaba Port surpassing 107,000 containers in September. Meanwhile, Nestlé India is facing a crisis over milk samples failing quality tests. The market also saw luxury fashion stocks decline compared to competitors like Zara and H&M, while attempts to curb US inflation led to a rise in Asian equities.
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