Sunday, July 13, 2025

Anand Kumar

UAE’s economic revival engine shifts to high gear as 15 acts get green light

High-level committee approved six main work streams to implement the 33 initiatives unveiled by the UAE Cabinet. The first phase of a pioneering "33-initiative strategy" designed to revive and turbo-charge the UAE's economic growth received the go-ahead of a high-level...

Will gold shine its way to $2,500?

The yellow metal is down by $46.20 an ounce or 2.38 per cent in the past 30 days. Gold price is expected to could trade in the range of $1,700 to $2,000 an ounce by the end of the year...

Moving out of the UAE? You can still have a UAE bank account

Non-resident bank accounts are offered by UAE banks Dubai: If you are planning to move out of the UAE but would like to continue doing some work- or business-related dealings in the UAE, there is good news. UAE banks offer ‘non-resident’...

Man arrested for insulting Dubai Police on video

Such a crime is punishable by imprisonment and a fine not exceeding Dh500,000. A young man has been arrested in Dubai for posting a video of himself insulting, threatening and using foul language against Dubai Police. According to Article 20 of...

United Foods Co. to install 2MW solar plant at its Jebel Ali plant rooftop

Significant reduction in carbon emissions by up to 1,400 tonnes is expected Dubai: UAE's United Foods Company is to get a 2,000 KW solar power plant installed on the rooftop of its factory in Jebel Ali Industrial Area. The project...

Look: Dh75m for this Dubai Hills villa, priciest deal in 2020

Dubai Hills is now a favoured destination for investors seeking uber-luxury A Dh75 million price gets you 42,000 square feet and more of living space... and a lot of open spaces. Dubai Hills has become a favoured spot for high-rollers...

30% of UAE companies plan to cut workforce, 10% reduce salaries: Survey

While the general market forecasts a 2021 salary increase of 4 per cent, industry figures vary significantly. The direct impact of Covid-19 on the compensation and benefits landscape is less drastic than initially feared. Even though 10 per cent of...

Oman exempts key sectors from 5% VAT

State-run Oman TV last week said that five per cent VAT will be imposed on goods and services, but with some exceptions. Oman has exempted some key sectors such as healthcare, education and finance from the value-added tax which will...

Dewa repays $1.5 billion bond

Dubai government and its entities have been repaying their debt on time this year, reflecting stable revenues even during the pandemic time. Dubai Electricity and Water Authority (Dewa) on Sunday said it made repayment of $1.5 billion (Dh5.5 billion) bond...

Abu Dhabi’s ADQ to partner LuLu in $1b investment drive into Egypt

Alliance to develop 30 hypermarkets and 100 mini-stores in major push into key market Abu Dhabi: Abu Dhabi's ADQ will be supporting hypermarket operator LuLu International's Egypt expansion through a newly struck non-binding agreement, with an investment of up to...

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Today Gold Rate in Dubai (UAE) in Dirham, 12th July 2025

Today Gold Rate in Dubai (UAE) Today Per tola is AED 4,688.85 while 24k Per 10 Gram gold price...

Today Gold Rate in Saudi Arabia – 12th July 2025

Today Gold Rate in Saudi Arabia (SAR) Today Per tola is SAR 4,863.81 while 24k Per 10 Gram gold price is SAR 4,170.00. Usually...

Today Gold Rate in Qatar – 12th July 2025

Today Gold Rate in Qatar Today Per tola is QAR 4,718.01 while 24k Per 10 Gram gold price is QAR 4,045.00. Usually people opt...

Today Gold Rate in Oman – 12th July 2025

Today Gold Rate in Oman Today Per tola is OMR 495.13 while 24k Per 10 Gram gold price is OMR 424.50. Usually people opt...

Today Gold Rate in Kuwait – 12th July 2025

Today: Gold Rate in Kuwait (Kuwaiti Dinar) Today Per tola is KWD 387.47 while 24k Per 10 Gram gold price is KWD 332.20. Usually...