Wednesday, April 2, 2025

Finance

Oil demand will not see an immediate improvement this year, says IEA

Even with lockdowns easing, demand gains have not been that substantial to date Oil demand is likely to record its biggest ever decline through the rest of the year. Even massive production cuts are yet to help stabilise demand. Abu Dhabi:...

Saudi fund to offer SR3.7 billion to 500 plus small industrial firms

It will offer line-of-credit to meet operating expenses for up to three months Small and mid-sized Saudi industrial firms will be able to cover their operational expenses for up to three months through tapping the new aid package. Riyadh: Saudi Arabia...

To the Dubai doubtful, no, we are not finished

Ramzi Cheaib reflects on his 38 years in the emirate and its resilience In the midst of this global pandemic, I have been flooded with articles about Dubai. They often have headlines that echo the phrase: “Dubai is finished”. I have...

The Debt Panel: ‘My Covid-19 debt holiday is up on my loan. Can I have more time?

The Filipina, who lost her job last year and received a repayment break for April and May, has still not found a new role I have a loan with a bank in Dubai and have always made my repayments on time....

Global oil demand not expected to recover until 2022, IEA says

Demand for crude is set to drop by 8.1m bpd in 2020 marking the largest decline in history Global oil demand is not expected to recover until 2022, the International Energy Agency said in its latest oil market report.] Demand for...

Bank of Japan boosts lending package for struggling firms to $1 trillion

The BOJ kept monetary settings steady, signalling that it has taken enough steps to support growth for now A man wearing a protective mask walks past the headquarters of the Bank of Japan. The Japanese central bank has increased the...

Oman Arab Bank finalises agreement to acquire Alizz Bank

The two Muscat-based lenders are set to proceed with a deal to create an institution with a combined asset base of over 3.2bn rials Oman Arab Bank (OAB) will acquire the entire issued share capital of the Muscat-based Alizz Bank...

While markets have recovered from the Covid-19 sell-off, expect a choppy summer of trading

The combination of fiscal and monetary policy has rallied risk appetite and seen equities move higher Over the past two weeks, the Dow Jones rallied to 27589, which meant the entire coronavirus sell-off was recovered in early June. Markets were...

Oil prices at $40 a barrel needn’t be a ‘dream’, says UAE oil minister

They should head back to some semblance of normal within two years Abu Dhabi: Oil production limits adopted by a group of major crude suppliers will soon bring prices back to "normal", according to the UAE energy minister. When markets were...

UAE’s luxury retail needs to go all out selling local

Reaching out to resident consumers and delivering beyond expectations matters most Luxury retailers in the UAE need to alter course slightly... until foreign shoppers turn up, they have to double down on getting their resident clients to keep buying. With global...

Latest News

Dubai has launched a program under which one can apply for a waiver on toll fees

Dubai has installed multiple Salik gates to manage traffic flow on the city's arterial roads. Salik, an electronic toll...

Today Gold Rate in Dubai (UAE) in Dirham, 1st April 2025

Today Gold Rate in Dubai (UAE) Today Per tola is AED 4,376.84 while 24k Per 10 Gram gold price is AED 3,752.50. Usually people...

Today Gold Rate in Saudi Arabia – 1st April 2025

Today Gold Rate in Saudi Arabia (SAR) Today Per tola is SAR 4,408.92 while 24k Per 10 Gram gold price is SAR 3,780.00. Usually...

Today Gold Rate in Qatar – 1st April 2025

Today Gold Rate in Qatar Today Per tola is QAR 4,408.92 while 24k Per 10 Gram gold price is QAR 3,780.00. Usually people opt...

Today Gold Rate in Oman – 1st April 2025

Today Gold Rate in Oman Today Per tola is OMR 464.22 while 24k Per 10 Gram gold price is OMR 398.00. Usually people opt...