Tuesday, July 22, 2025

Finance

About 87% of UAE investors plan to adjust their portfolios ahead of US elections

68% of investors are optimistic about the region’s markets and are targeting more yield, UBS survey finds Nearly 87 per cent of investors in the UAE are considering adjusting their portfolios in the lead up to the US election on...

Biggest risk to oil industry stems from decline in new investments, says Crescent Petroleum chief

If low investment scenario persists, it will set off instability in energy markets Dubai: The biggest threat to the oil industry is that investments may not start flowing back to levels seen before the pandemic. “Even if we have peak oil...

Mena oil exporters’ revenues to slip

Oil-exporting countries in the Middle East and North Africa will lose around $224 billion (Dh822.1 billion) in revenues this year due to a fall in oil prices and the impact of Covid-19, which is $46 billion (Dh169 billion) less...

Sobha sees jump in int’l investors interest

Dubai-based luxury real estate developer registers first-time interest from Nigerian, Canadian buyers, also notes uptick in investors from GCC region, India, China. Sobha Realty, the leading premium real estate developer, today announced a successful Q3, registering a significant increase in...

Mena oil exporters’ revenues to slip

Oil-exporting countries in the Middle East and North Africa will lose around $224 billion (Dh822.1 billion) in revenues this year due to a fall in oil prices and the impact of Covid-19, which is $46 billion (Dh169 billion) less...

Steinreich bags UAE-Israel Business Council deal

The UAE-Israel Business Council was established to help foster shared opportunities. The UAE-Israel Business Council, comprised of business leaders from both nations to promote trade, innovation and cooperation between them, has named Steinreich Communications its agency of record to help...

Saudi Aramco and SABIC reassess crude-oil-to-chemicals project

The decision comes as oil companies globally re-assess energy projects to conserve cash Dubai: Saudi Aramco and Saudi Basic Industries have decided to re-evaluate their $20 billion crude-oil-to-chemicals project and are now looking at integrating existing facilities instead. The decision comes...

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...

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...

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...

Latest News

Dr. Abeer Al Obaidi becomes Saudi’s first female professor of international law and human rights

Dr. Abeer Al Obaidi becomes Saudi's first female professor of international law and human rights Dr. Abeer Al Obaidi is...

Today Gold Rate in Dubai (UAE) in Dirham, 21th July 2025

Today Gold Rate in Dubai (UAE) Today Per tola is AED 4,720.92 while 24k Per 10 Gram gold price is AED 4,047.50. Usually people...

Today Gold Rate in Saudi Arabia – 21th July 2025

Today Gold Rate in Saudi Arabia (SAR) Today Per tola is SAR 4,875.47 while 24k Per 10 Gram gold price is SAR 4,180.00. Usually...

Today Gold Rate in Qatar – 21th July 2025

Today Gold Rate in Qatar Today Per tola is QAR 4,735.50 while 24k Per 10 Gram gold price is QAR 4,060.00. Usually people opt...

Today Gold Rate in Oman – 21th July 2025

Today Gold Rate in Oman Today Per tola is OMR 495.71 while 24k Per 10 Gram gold price is OMR 425.00. Usually people opt...