Monday, January 6, 2025

Finance

Hamad Rahma AlShamsi General Trading contributes AED8 million to the Community Solidarity Fund Against COVID-19

Hamad Rahma AlShamsi General Trading Company contributed AED8 million to the Community Solidarity Fund Against COVID-19, which was launched by the Islamic Affairs and Charitable Activities Department in Dubai to support efforts to mitigate the health, economic and social...

Fujairah oil product stocks rise 6% on week to two-week high

Oil product stockpiles at the Port of Fujairah rose 6.1 per cent week on week to 24.65 million barrels Monday, marking the highest level in two weeks, according to data exclusively obtained by S&P Global Platts today. The gains were...

Air Arabia operates repatriation flights for Emiratis stranded in Pakistan

Air Arabia has announced that it operated new repatriation flights between Pakistan and UAE, carrying Emiratis back home free of charge. Two special flights were operated between Lahore and Multan in Pakistan and Sharjah International Airport on April 24th-25th, the...

DEWA signs Power Purchase Agreement for 900MW 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park

DEWA signs Power Purchase Agreement for 900MW 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park Dubai Electricity and Water Authority (DEWA) has signed a 25-year Power Purchase Agreement (PPA) for the 5th phase of the Mohammed bin...

Etihad Airways adds more special flights across its global network

Etihad Airways continues to increase the number of special flights it is operating from Abu Dhabi to several key destinations around the world, as it prepares for an eventual return to scheduled flights, subject to the lifting of current...

COVID-19 impact: UAE bank profits come under pressure

Lower loan yields, higher provisions and difficult environment hurt profitability Dubai: Early indicators from the first quarter results of UAE banks point to a spike in provisions on expected credit losses from COVID-19 linked loan impairments and lower loan yields...

Samsung Electronics profit slips on virus, more falls forecast

Net profits in Q1, 2020 were 4.88 trillion won ($4 billion), down 3.1 per cent Seol: The world’s biggest smartphone maker, Samsung Electronics, reported first-quarter net profits down three percent on Wednesday, as the coronavirus pandemic dampened consumer demand, but...

UAE’s online retail has some growing up to do

Grocery shopping and actual delivery are moving on two parallel tracks and speeds By now, I have scheduled deliveries until the end of 2020. This is not entirely my fault, though. I have been home since March 24, the day...

COVID-19: Air India, Indian Navy on standby to evacuate Indians from Gulf

10 million Indians live in Gulf countries, many of them in port cities New Delhi: The national carrier Air India and Indian Navy have been asked to be on standby with their aircraft and warships for the mass evacuation of...

Bodies of three men finally make it back to India after being returned to UAE

Three men hadn’t died of coronavirus but were initially rejected by Indian authorities Abu Dhabi: The remains of three Indians who died in the UAE and were flown to Delhi on Friday only to be returned to Abu Dhabi due...

Latest News

Abu Dhabi Global Market reduces business license fees by 50%

Abu Dhabi Global Market reduces commercial license fees for non-financial companies and retail companies.. Details. Advertise Abu Dhabi Global Market(ADGM),...

Dubai Airport expects to receive 4.3 million passengers in two weeks

The number of passengers at Dubai International Airport on January 3 is expected to reach 311,000 passengers. Dubai International Airport is witnessing Huge tourist turnout,...

New Dubai smart rental index: Landlords must improve property ratings to hike rents

Landlords of older buildings in Dubai will now have to renovate their properties to bring them up to par with luxury buildings, raising their...

Today Gold Rate in Saudi Arabia – 3rd Jan 2025

Today Gold Rate in Saudi Arabia (SAR) Today Per tola is SAR 3,849.06 while 24k Per 10 Gram gold price is SAR 3,300.00. Usually...

Today Gold Rate in Qatar – 3rd Jan 2025

Today Gold Rate in Qatar Today Per tola is QAR 3,761.58 while 24k Per 10 Gram gold price is QAR 3,225.00. Usually people opt...