Monday, April 28, 2025

Finance

COVID-19 impact: Quarantine worries will keep away travellers for some time

Short-term demand unlikely to see an increase as air travel awaits more clarity Putting a new face to air travel... As airlines resume services, worries about quarantine measures are palpable. Dubai: The need to quarantine, whether self-imposed or not, will come...

US economy ‘definitely’ needs more fiscal stimulus

Fresh funding should be funnelled towards hardest-hit sectors such as retail, travel and leisure, says Treasury Secretary US Treasury Secretary Steve Mnuchin said the country “definitely” needs additional fiscal stimulus – particularly funding for industries struggling to reopen from coronavirus-related...

Deutsche Bank creates new global private banking arm

Lender merges wealth management and its international private and commercial banking divisions Deutsche Bank is combining its wealth management and its international private and commercial business arms to create a new international private banking business. In a statement, the lender said...

Homefront: ‘My tenant has not paid the rent since October and uses Covid-19 as the excuse’

The Dubai landlord's tenant has a history of missed payments and now refuses to renew the contract or move out I have a tenant who has a history of late and partial rent payments. When the contract expired in October,...

Just Eat Takeaway beats Uber to snap up Grubhub for $7.3bn

The deal will catapult the Dutch food business into the US and create one of the world's largest restaurant delivery companies Europe’s Just Eat Takeaway.com agreed to acquire US-based Grubhub for $7.3 billion (Dh27bn), in a deal that creates one...

Money & Me: ‘We contracted coronavirus but our finances haven’t suffered’

While Covid-19 affected lighting designer Jaspal Bal directly, quarantine is helping him save up to Dh7,000 a month Jaspal Bal, 39, is a British lighting designer who moved to Dubai 11 years ago. A year ago, he set up his...

Mubadala’s 2019 income surges more than four-fold as assets grow

Abu Dhabi's sovereign investors made new capital investment of Dh68bn in 2019, taking assets under management to Dh853bn Mubadala Investment Company, Abu Dhabi’s strategic investment arm, saw more than a four-fold increase in its comprehensive income, driven by equity and...

Coronavirus live: US cases pass two million as infections rise in more than 20 states

A leading health expert warns deaths in America will continue to rise without drastic action A leading health expert said deaths in the US will continue to rise if drastic action is not taken as coronavirus cases in the country...

Gold futures rally after Fed pledges to keep interest rates low and sustain stimulus

Fed chairman Jerome Powell pledged to to do 'whatever we can, for as long as it takes' to support the recovery from Covid-19 Gold futures rallied on a one-two lift as the US Federal Reserve vowed to hold interest rates...

Trump rejects removing names of Confederate leaders from US bases

President dismisses appeals made in wake of death of George Floyd U.S. President Donald Trump listens during a meeting with conservative black supporters in the Cabinet Room at the White House in Washington, U.S., June 10, 2020. Washington: US President Donald...

Latest News

MoHRE launched Digital Wallet for payments

MoHRE's Digital Wallet allows corporate customers to instantly settle fees and financial obligations. Dubai: The Ministry of Human Resources and...

New Dubai-Sharjah intercity bus to begin operating from May 2

A new intercity bus service between Dubai and Sharjah will start on Friday, May 2, the Roads and Transport Authority (RTA) announced on Monday. RTA...

Dubai airport train service temporarily disrupted at Terminal 1

There was a disruption in the train service at the Dubai International Airport (DXB) on Thursday. “Dubai Airports is currently managing guest movement between Terminal...

Today Gold Rate in Dubai (UAE) in Dirham, 28th April 2025

Today Gold Rate in Dubai (UAE) Today Per tola is AED 4,665.52 while 24k Per 10 Gram gold price is AED 4,000.00. Usually people...

Today Gold Rate in Saudi Arabia – 25th April 2025

Today Gold Rate in Saudi Arabia (SAR) Today Per tola is SAR 4,735.50 while 24k Per 10 Gram gold price is SAR 4,060.00. Usually...