Wednesday, March 25, 2026

Finance

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...

Employee productivity needs remote monitoring

If all this adds up to ensuring a business thrives, it's worth losing a few privileges These days, with job losses mounting, losing a few privileges does seem a small price to pay. More so, if it ensures that business...

US airlines get tough over face masks

Failure to comply will even lead to bans for erring passengers It's best to have it on... US carriers are not willing to go easy on passengers who turn up without the masks. New York: United Airlines Holdings Inc. will ban...

Latest News

Return to online school: UAE families juggle work and life as homes become classrooms

Schools across the UAE resumed the new academic term online, but for many families, the shift has once again...

Air India allows passengers to rebook to India from any airport in UAE without any extra charge.

Stranded passengers in the UAE can now rebook their cancelled Air India Express flights from any airport in the country to any destination in...

Big News from UAE: New Glass-Domed Mosque Opens in Sharjah

As the sun sets over Al Dhaid, the inside of newly opened Al Nasr Mosque begins to glow. Golden light pours through a giant...

Dubai Gold Prices Fall Below Dh600/Gram, Drop Dh11 in 24 Hours

Gold prices dropped below Dh600 per gram in Dubai on Friday morning as the yellow metal slipped below $5,000, reaching close to a one-week...

Gold Prices Stable in Dubai Morning Trade – 24K Around Dh610

Gold Prices: At 9am UAE time, the 24K gold price was trading at Dh610.75 per gram, slightly up from last night’s close. Among the...