Wednesday, April 1, 2026

Finance

Dubai developer gets ‘locked out’ of own project by contractor

Croesus Holdings finds entrances boarded up at its two Dh100m projects in Majan Dubai: A developer in Dubai has been "locked out" out of its two completed projects in Dubai, after a dispute escalated with its contractor related to costs. Construction...

Italy’s service sector emerges slowly from lockdown crises

Italy’s service sector contracted again in May but less sharply than a month before, a survey showed, as the country emerged from its lockdown to try to contain one of the world’s worst coronavirus outbreaks. The IHS Markit Business Activity...

Sharjah Airport marks new milestone

A new milestone was marked by Sharjah Airport as it received the “Green Airport” Silver recognition 2020, which acknowledges airports’ achievements in environmental projects. Within the preservation of the environment programme issued by the Airports Council International (ACI) Asia-Pacific region,...

ADGM, ADEX sign deal to boost UAE’s exports, economic growth

Abu Dhabi Global Market (ADGM), the award-winning international financial centre, and Abu Dhabi Exports Office (ADEX), the UAE-wide export financing entity founded by Abu Dhabi Fund for Development, have signed a memorandum of understanding (MoU) to develop the exports...

Pakistan clears $7.2 billion railway project linking it with China

Pakistan has approved $7.2 billion railway line upgradation project between Peshawar and Karachi under the China Pakistan Economic Corridor, CPEC. The approval of the project to upgrade the 1,872 km-long railway track from Peshawar to Karachi is a big milestone...

Abu Dhabi unveils initiative to hasten issuance of business licences

The e-contract and e-signature system will make the process much simpler for one-person and limited liability companies Abu Dhabi launched an initiative to hasten the issuance of business licences in an effort to boost economic activity and improve the emirate's...

Majority of GCC companies are adjusting salaries or benefits to mitigate Covid-19 effects

Almost 40% will freeze recruitment, enforce terminations or place employees on furlough, Mercer survey finds About 70 per cent of GCC companies plan to adjust one or more elements of their compensation and benefits policies to reduce the damage inflicted...

Coronavirus: Kuwait to reopen mosques in quiet areas after three-month closures

The Ministry of Awqaf and Islamic Affairs said mosques in sparsely-populated areas will receive worshippers on Wednesday Kuwait's Ministry of Awqaf and Islamic Affairs has given the green light to mosques in some areas to reopen from Wednesday after almost three...

Singapore could face tougher future as global ties weaken

Prime minister Lee Hsien Loong predicts 'a less prosperous world, and also a more troubled one Cranes tower above a liquid-petroleum gas ship at the Sembawang wharves in Singapore.  Singapore is spending 20 per cent of its GDP as part of...

The nine economic data points that should make investors more cautious

Post-lockdown euphoria has seen markets rally, but the best investment advice may be to do nothing with your portfolio Post-lockdown euphoria, or at least the loosening of restrictions that have dogged us for the past few months, boosted stock markets...

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...