Tuesday, July 22, 2025

Finance

UAE economy poised for full recovery in 2022: How will this affect residents and their spending?

Economists expect household spending in the UAE to return to normThe UAE economy is highly intertwined with other major developed and emerging market economies.al within 6-12 months The UAE economy is expected to stage a gradual recovery to pre-COVID-19 levels...

Facebook fires employee who protested against Mark Zuckerberg’s stance on Trump posts

Dismissed employee Brandon Dail said 'intentionally not making a statement is already politica Facebook fired an employee who had criticised chief executive Mark Zuckerberg's decision not to take action against inflammatory posts by US President Donald Trump this month, citing...

UN links items in arms shipments and missile attacks to Iran

The United Nations says Iran was the source for debris left by attacks on Saudi Arabia's oil installations and an international airport The United Nations says it has determined that Iran was the source for several items in two arms...

Female workers more exposed to coronavirus recession under Japan’s ‘Womenomics’

Women accounted for the majority of part-time, contract or temporary jobs lost in April Japanese Prime Minister Shinzo Abe has long made creating jobs for women central to his economic policy, but now women are suffering a bigger share of...

Billionaires: Entrepreneur who once turned down SoftBank set to join the ultra-wealthy

In our fortnightly roundup, Shunji Sugaya’s net worth surges alongside his software company’s stock and Bill Gates gets a boost from Vroom investment Shunji Sugaya A Japanese company founder, who turned down an offer from SoftBank to buy his start-up idea when...

Spain’s property market heading for second crash in a decade

Experts say the hit to housing prices in 2020 due to the coronavirus outbreak could range from 6.5% to 15% Spain’s $6 trillion (Dh22tn) home market looks headed towards another crash, according to economists who are studying the impact on...

British Airways job cuts plan criticised as ‘national disgrace’

UK Transport Committee calls for 14-day quarantine to be axed to save airline industry British Airways’ plans to cut 12,000 jobs has been described as a “national disgrace” by UK politicians. A report by the Transport Committee on the impact of...

Abraaj former CEO stole $385m from the firm, liquidators say

Arif Naqvi is alleged to have taken funds from 2009 to 2018 as he moved money for his own use in more than 3,700 transactions Liquidators overseeing Abraaj Group’s insolvency now estimate chief executive Arif Naqvi’s alleged theft to have...

My employer cannot pay me amid Covid-19. Can I work elsewhere until my income returns?’

The Abu Dhabi resident's employer has told the employee to take on a part-time job until the crisis eases I have a job with a small company but I am struggling financially as I am not receiving any income. I...

Sheikh Mohamed bin Zayed and Emmanuel Macron discuss the crisis in Libya

The pair expressed their support for an initiative which has called for an immediate ceasefire in Libya and agreed on the importance of resolving the situation through peaceful means Sheikh Mohamed bin Zayed and the French president have expressed their...

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...