Tuesday, March 31, 2026

Finance

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...

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...

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...