Sunday, August 17, 2025

Finance

Egypt’s foreign reserves drop by $1bn in May

Investors have withdrawn money from emerging markets in recent months as concerns about the economic impact of the coronavirus grew Egypt's foreign reserves declined by a further $1 billion (Dh3.67bn) in May, the central bank said on Sunday, as the...

World’s most expensive property market retains its appeal

Hong Kong's small land area and shortage of homes means buyers are still keen on real estate A security law that threatens to upend Hong Kong’s status as an Asian financial hub hasn’t slowed the world’s most expensive property market. Dozens...

Oil prices’ roller coaster ride in 2020: why prices go up and down

The US crude benchmark fell to -$40 in April and rose to above $40 in June. We explain oil's volatility Oil markets have been on a roller coaster this year, with prices recovering moderately in January, only to decline to...

COVID-19 hit: Gulf salaries, benefits in for another set of cuts

But financial services has so far been resilient on employee benefit packages Dubai: The hard times are here – a majority of businesses in the Gulf are planning to adjust “one or more” elements in their employee compensation packages, which...

Renting in COVID-19 times – a Dubai developer takes the test

Palma Holding tries to tap demand for those wanting to downsize from upscale locations The Olivara Residences had a trial by fire, with completion happening just ahead of the COVID-19 imposed lockdown. Dubai: Completing a residential project and then try and...

Sharjah pumps 4 billion dirhams through short-term instruments

Sharjah (Al Ittihad) The Central Finance Department in Sharjah launched a bond worth 4 billion dirhams, to enhance liquidity for the banks based in Sharjah, to enable them to provide additional financial support to the business sector affected by the...

UAE jobs: How AI and data science job skills can help you stay relevant in the market

COVID-19 pandemic is having a devastating effect on the economy of almost all the countries in the world. Recent global developments strongly suggest the importance of diversification of economic activities and professionals would have to make sure they have...

UAE warns smartphone users against ‘hacking message’

TRA has confirmed that a call cannot give some random hacker access to their photos and personal files present in the phone data. The telecom authority of UAE has issued a warning for mobile users against a fake hacking message,...

Dubai back to business: From June 1 DIFC Gate Avenue to reopen

The working hours of Dubai sterilization program is designed in line with federal directives.  The retail area within Dubai Financial Center, DFC Gate Avenue will be open for business on June 1, the news is declared by the DIFC Investments...

New Announcement by UAE Ministry of Finance around fee reductions

In an effort to boost the national economy and to provide an impetus to the country's business environment, The Ministry of Finance (MoF) has issued three new decisions for federal entities across the UAE, as part of its remit...

Latest News

Today Gold Rate in Dubai (UAE) in Dirham – August 16, 2025

Today Gold Rate in Dubai (UAE) Today Per tola is AED 4,700.51 while 24k Per 10 Gram gold price...

Today Gold Rate in Saudi Arabia – August 15, 2025

Today Gold Rate in Saudi Arabia (SAR) Today Per tola is SAR 4,828.81 while 24k Per 10 Gram gold price is SAR 4,140.00. Usually...

Today Gold Rate in Qatar – August 16, 2025

Today Gold Rate in Qatar Today Per tola is QAR 4,688.85 while 24k Per 10 Gram gold price is QAR 4,020.00. Usually people opt...

Today Gold Rate in Oman – August 16, 2025

Today Gold Rate in Oman Today Per tola is OMR 492.21 while 24k Per 10 Gram gold price is OMR 422.00. Usually people opt...

Today Gold Rate in Kuwait – August 16, 2025

Today Gold Rate in Kuwait (Kuwaiti Dinar): Today Per tola is KWD 385.26 while 24k Per 10 Gram gold price is KWD 330.30. Usually...