Wednesday, July 23, 2025

Finance

Covid-19 will transform how region’s wealth management sector delivers advice

Companies must digitalise and globalise their service to drive performance over the next five years, new report finds Global high net-worth wealth will decline by 4 per cent, or $3.1 trillion (Dh11.38tn) in 2020, a “major shift” that will “drastically”...

Energy giant BP takes a $17.5b writedown over lower oil, gas prices

Pandemic will force transition to a lower carbon economy, depressing oil demand Any reduction in demand for oil has consequences for BP... The energy giant is taking a $17.5b write-off. London: BP will incur an up to $17.5 billion writedown in...

First plot handovers to start this summer at Dubai’s ‘historic’ Deira redevelopment

Deira Enrichment Project' will revitalize one of Dubai's oldest destinations Bringing about a complete newness to one of Dubai's oldest neighbourhoods. The Deira Enrichment Project will give a makeover to a stretch of land from Port Rashid and much of...

Middle East energy sector will see sharp drop in investments between 2020-24

COVID-19's impact on industry will be longer lasting than any other, says Apicorp Middle East governments will have some tough calls to make about committing new investments into energy space. Dubai: Investments in the Middle East energy sector will see a...

Sharjah’s Invest Bank to tap reserves to offset Dh.2.2b accumulated losses

It will take a combined Dh901.36m form special and legal reserves to do so Invest Bank issued a statement on Abu Dhabi Securities (ADX) on how it expects to offset accumulated losses of Dh2 billion plus. Dubai: Sharjah’s Invest Bank will...

First plot handovers to start this summer at Dubai’s ‘historic’ Deira redevelopment

Deira Enrichment Programme' will revitalize one of Dubai's oldest destinations Bringing about a complete newness to one of Dubai's oldest neighbourhoods. The Deira Enrichment Project will give a makeover to a stretch of land from Port Rashid and much of...

First plot handovers to start this summer at Dubai’s ‘historic’ Deira redevelopment

Deira Enrichment Programme' will revitalize one of city's oldest destinations Bringing about a complete newness to one of Dubai's oldest neighbourhoods. The Deira Enrichment Project will give a makeover to a stretch of land from Port Rashid and much of...

Goldman says there’s still room for gains in emerging stocks

The MSCI Emerging Markets Index has gained 30% since reaching a four-year low in late Marc A view of the Goldman Sachs stall on the floor of the New York Stock Exchange. The recent rebound in emerging-market stocks isn't over...

Doomy market view fades, but fears of a slower rebound stays

Stocks may have gained too much too soon after March crash as current rally loses steam Traders and New York Stock Exchange. Stocks closed another bumpy day with some gains on Wall Street on Friday, but not enough to erase...

India’s forex reserves cross $500b mark

Country’s forex reserves jumped by $8.2b on in the week ended June 5, 2020 The headquarters of the Reserve Bank of India in Mumbai. According to the RBI’s weekly statistical supplement, India’s foreign exchange reserves rose by over $8.223 billion...

Latest News

Flying taxi service will start in Dubai by the year 2026, know how much the fare will be and where it will land

Flying taxi service will start in Dubai by the year 2026, know how much the fare will be and...

Today Gold Rate in Dubai (UAE) in Dirham, 22th 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 – 22th July 2025

Today Gold Rate in Saudi Arabia (SAR) Today Per tola is SAR 4,887.13 while 24k Per 10 Gram gold price is SAR 4,190.00. Usually...

Today Gold Rate in Qatar – 22th July 2025

Today Gold Rate in Qatar Today Per tola is QAR 4,758.83 while 24k Per 10 Gram gold price is QAR 4,080.00. Usually people opt...

Today Gold Rate in Oman – 22th July 2025

Today Gold Rate in Oman Today Per tola is OMR 499.79 while 24k Per 10 Gram gold price is OMR 428.50. Usually people opt...