Wednesday, April 1, 2026

Finance

UAE gold retailers feel full burden of credit, debit card fees by banks

Gold merchants are charged 2% and more even on debit card transactions An attraction for all gold shoppers out there... But for jewellery retailers, paying off credit and debit card settlement fees to card issuing banks is turning out to...

Saudi Arabia approves new mining law to boost investments

The mining sector contributes 15% to the county’s GDP currently, according to Invest Saudi Saudi Arabia approved a new mining law to attract more local and foreign investments in the mining sector and to diversify its economy away from oil. A...

OECD sees the global economy contracting 7.6% this year without a vaccine

Global output may shrink 6% in 2020 if a Covid-19 vaccine is found, the Paris-based organisation says in its latest global economic outlook Global economic output is forecast to plummet 7.6 per cent this year in absence of a Covid-19 vaccine...

Apple to begin manufacturing iPhone 12 series from July

The iPhone 12 phones are the first 5G-enabled handsets produced by the company Apple will complete the testing of its upcoming iPhone 12 series by the end of this month and will start producing handsets from July, according to a...

Cruise companies prepare to set sail again but rough seas await

Euromonitor International expects cruise industry revenue to half this year Some cruise lines are hoping to set sail later this summer but with images of coronavirus-ravaged ships still fresh in many minds, the industry could face years of choppy water...

Iraq: Al Kadhimi visits Mosul six years after ISIS capture

The city was largely destroyed in the fight to drive ISIS out in 2017 Iraq's Prime Minister Mustafa Al Kadhimi arrived in Mosul on Wednesday to survey the damage left six years after the city was overrun by ISIS and...

Dubai and Abu Dhabi property rents: are there bargain deals amid the pandemic?

Landlords are willing to be flexible but they know tenants can't move easily, brokers say Residents across the UAE have faced difficult financial decisions in recent months amid the upheaval caused by the coronavirus pandemic. Among them is whether they could...

LinkedIn data shows ‘optimism’ for UAE labour market recovery with IT most in demand

Exclusive: Jobs growth on the professional networking platform fell steeply in March but remote work is on the rise and certain sectors are still hiring Hiring in the UAE fell by 60 per cent at the end of April compared...

The Debt Panel: ‘My bank account has been blocked for a year. How do I access my salary?’

The Abu Dhabi resident, who works offshore, is now surviving on a credit card from another lender I took out a loan in 2015 for a housing project in my home country of Nigeria, which I topped up a couple...

A second ‘Arab Spring’ is a pipedream

People of Middle East have realised only wanton destruction results from any such move The Arab Spring began in Tunisia on Dec. 17, 2010, when a pushcart vendor set himself on fire, sparking a revolt that spread across the Arab...

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...