Tuesday, April 29, 2025

Finance

Cruise companies prepare to set sail again but rough seas await

Euromonitor International expects cruise industry revenue to half this year Some cruise lines are hoping to set sail later this summer but with images of coronavirus-ravaged ships still fresh in many minds, the industry could face years of choppy water...

Iraq: Al Kadhimi visits Mosul six years after ISIS capture

The city was largely destroyed in the fight to drive ISIS out in 2017 Iraq's Prime Minister Mustafa Al Kadhimi arrived in Mosul on Wednesday to survey the damage left six years after the city was overrun by ISIS and...

Dubai and Abu Dhabi property rents: are there bargain deals amid the pandemic?

Landlords are willing to be flexible but they know tenants can't move easily, brokers say Residents across the UAE have faced difficult financial decisions in recent months amid the upheaval caused by the coronavirus pandemic. Among them is whether they could...

LinkedIn data shows ‘optimism’ for UAE labour market recovery with IT most in demand

Exclusive: Jobs growth on the professional networking platform fell steeply in March but remote work is on the rise and certain sectors are still hiring Hiring in the UAE fell by 60 per cent at the end of April compared...

The Debt Panel: ‘My bank account has been blocked for a year. How do I access my salary?’

The Abu Dhabi resident, who works offshore, is now surviving on a credit card from another lender I took out a loan in 2015 for a housing project in my home country of Nigeria, which I topped up a couple...

A second ‘Arab Spring’ is a pipedream

People of Middle East have realised only wanton destruction results from any such move The Arab Spring began in Tunisia on Dec. 17, 2010, when a pushcart vendor set himself on fire, sparking a revolt that spread across the Arab...

Trying to make a ‘buy Indian’ strategy work

Standoff with China could convince more consumers, but will come at a higher price Women working in a textile factory in Bangalore, India, June 20, 2016. India's call for economic nationalism is largely driven by domestic business interests and is...

HSBC gives $558m financing for Etihad Rail Package D contractors

Etihad Rail Package D involves the construction of a 145-kilometre railway line HSBC has structured and financed a $558 million (Dh2.049b) working capital package for the contractors who successfully tendered for the civil works and construction contract for Package D...

Beyond COVID-19: UAE has better shock absorption capacity among GCC peers

Low oil prices to intensify credit pressures for most oil exporters Malls in Dubai continue to attract shoppers despite the threat of coronavirus worldwide. Relatively greater levels of economic diversification and robust sovereign assets are expected to better shield the...

Aircraft maker Boeing steps up deep cleansing initiative

US company launches 'Confident Travel Initiative' to try and bring back travellers Dubai: Aircraft manufacturer Boeing has launched a new cleanliness-focussed strategy to try and restore passenger confidence in taking to the skies again. The ‘Confident Travel Initiative’ (CTI) aims...

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...