Wednesday, July 23, 2025

Finance

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...

In Dubai, some residential tenants are seeing rent relief, and even one- to two-month waiver

Tenants are offering documents to show how COVID-19 has impacted their income, jobs The coming weeks will show up the full extent of COVId-19's impact on residential rents. Landlords' offices are piling up with requests for some sort of relief...

Etihad Credit Insurance partners with Bpifrance to deepen economic ties between France and UAE

The entities will explore opportunities to offer insurance, reinsurance, co-insurance services for the export of goods to a third country Jebel Ali Port. Etihad Credit Insurance  has signed an agreement with  Bpifrance Assurance Export to strengthen trade and economic cooperation between...

Apicorp slashes five-year regional energy investment outlook more than 21%

The economies of the Middle East are likely to experience a W-shaped recovery, according to the multi-lateral lender Planned and committed energy investments in the Middle East are likely to decline 21.8 per cent over the next five years, as...

Latest News

UAE became the safest country in the world, got the highest rank among 147 countries

UAE became the safest country in the world, got the highest rank among 147 countries The UAE has once again...

Today Gold Rate in Dubai (UAE) in Dirham, 23th July 2025

Today Gold Rate in Dubai (UAE) Today Per tola is AED 4,767.58 while 24k Per 10 Gram gold price is AED 4,087.50. Usually people...

Today Gold Rate in Saudi Arabia – 23th July 2025

Today Gold Rate in Saudi Arabia (SAR) Today Per tola is SAR 4,945.45 while 24k Per 10 Gram gold price is SAR 4,240.00. Usually...

Today Gold Rate in Qatar – 23th July 2025

Today Gold Rate in Qatar Today Per tola is QAR 4,811.32 while 24k Per 10 Gram gold price is QAR 4,125.00. Usually people opt...

Today Gold Rate in Oman – 23th July 2025

Today Gold Rate in Oman Today Per tola is OMR 505.04 while 24k Per 10 Gram gold price is OMR 433.00. Usually people opt...