Wednesday, April 30, 2025

Finance

ADGM, ADEX sign deal to boost UAE’s exports, economic growth

Abu Dhabi Global Market (ADGM), the award-winning international financial centre, and Abu Dhabi Exports Office (ADEX), the UAE-wide export financing entity founded by Abu Dhabi Fund for Development, have signed a memorandum of understanding (MoU) to develop the exports...

Pakistan clears $7.2 billion railway project linking it with China

Pakistan has approved $7.2 billion railway line upgradation project between Peshawar and Karachi under the China Pakistan Economic Corridor, CPEC. The approval of the project to upgrade the 1,872 km-long railway track from Peshawar to Karachi is a big milestone...

Abu Dhabi unveils initiative to hasten issuance of business licences

The e-contract and e-signature system will make the process much simpler for one-person and limited liability companies Abu Dhabi launched an initiative to hasten the issuance of business licences in an effort to boost economic activity and improve the emirate's...

Majority of GCC companies are adjusting salaries or benefits to mitigate Covid-19 effects

Almost 40% will freeze recruitment, enforce terminations or place employees on furlough, Mercer survey finds About 70 per cent of GCC companies plan to adjust one or more elements of their compensation and benefits policies to reduce the damage inflicted...

Coronavirus: Kuwait to reopen mosques in quiet areas after three-month closures

The Ministry of Awqaf and Islamic Affairs said mosques in sparsely-populated areas will receive worshippers on Wednesday Kuwait's Ministry of Awqaf and Islamic Affairs has given the green light to mosques in some areas to reopen from Wednesday after almost three...

Singapore could face tougher future as global ties weaken

Prime minister Lee Hsien Loong predicts 'a less prosperous world, and also a more troubled one Cranes tower above a liquid-petroleum gas ship at the Sembawang wharves in Singapore.  Singapore is spending 20 per cent of its GDP as part of...

The nine economic data points that should make investors more cautious

Post-lockdown euphoria has seen markets rally, but the best investment advice may be to do nothing with your portfolio Post-lockdown euphoria, or at least the loosening of restrictions that have dogged us for the past few months, boosted stock markets...

Egypt’s foreign reserves drop by $1bn in May

Investors have withdrawn money from emerging markets in recent months as concerns about the economic impact of the coronavirus grew Egypt's foreign reserves declined by a further $1 billion (Dh3.67bn) in May, the central bank said on Sunday, as the...

World’s most expensive property market retains its appeal

Hong Kong's small land area and shortage of homes means buyers are still keen on real estate A security law that threatens to upend Hong Kong’s status as an Asian financial hub hasn’t slowed the world’s most expensive property market. Dozens...

Oil prices’ roller coaster ride in 2020: why prices go up and down

The US crude benchmark fell to -$40 in April and rose to above $40 in June. We explain oil's volatility Oil markets have been on a roller coaster this year, with prices recovering moderately in January, only to decline to...

Latest News

Abu Dhabi to roll out face-recognition technology for check-in across all hotels

Abu Dhabi will deploy face-recognition technology across all hotels for the safety of the visitors, residents and employees. The...

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 Emiratisation (MoHRE), in collaboration with...

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...