Saturday, June 28, 2025

Finance

NMC CFO exits UAE with family and housemaid on repatriation flight to India

Sources allege he may have furnished a false affidavit to the embassy claiming a death in the family. The Chief Financial Officer (CFO) of NMC Health, which is under investigation for a multi-billion financial fraud, exited the UAE on the...

Sensex jumps over 650 Points, Nifty above 9,400

Sensex ended 199 points higher on Friday, propelled by strong gains in index-heavyweight Reliance Industries and positive cues from global markets. Indian stocks started Monday's opening session on a higher note as it tracked gains in Asian markets. The S&P BSE...

Indian rupee opens marginally lower at 75.60 per dollar

On Friday, the rupee ended 21 paise higher at 75.55 per dollar, amid positive bias seen in the domestic equity market. Indian rupee opened marginally lower at 75.60 per dollar on Monday to quote at Dh20.59 against Friday's close of...

Dubai business activity in April hit due to Covid-19

Employment conditions worsened again in Dubai at the start of the second quarter. Lockdown measures in Dubai dampened the spread of coronavirus disease 2019 (Covid-19) and had another drastic impact on business activity in April, said IHS Markit Dubai Purchasing...

GCC stocks slump after VAT hike in Saudi Arabia, record new Covid-19 cases

Dubai Financial Market general index lost 2.5 per cent, while the Abu Dhabi bourse was down 1.2 per cent. The UAE and other Gulf countries' stock markets slumped on Monday morning, hit by Saudi Arabia's decision to increase value-added tax...

Coronavirus impact: VAT increased to 15% in Saudi Arabia, cost of living allowance suspended

Saudi Arabia made the announcement on Monday. Saudi Arabia's government is suspending the cost of living allowance and raising the value added tax (VAT) threefold, as part of measures aimed to shore up state finances, which have been battered by low...

Coronavirus impact: Flydubai extends suspension of regular flights

Carrier obtained government approvals to operate 90 repatriation flights over the past few weeks. Budget carrier flydubai on Monday announced its passenger operations will remain suspended till June 4 as part of precautionary measures being implemented in response to Covid-19. The carrier said...

Post COVID-19: Finance will secure Dubai’s future

Fiscal easing measures will be a relief for businesses struck by COVID-19 affliction The world as we knew it has been turned drastically. Undeniably, the COVID-19 health crisis has been the biggest challenge in generations, and its far-reaching effects have...

Virus-hit emerging markets: Time to dump assets or buy?

EMs reel in triple shock - coronavirus crisis, tanking oil prices, stock market plunge Dubai: While analysts largely warn that damage from social distancing will last for longer in most virus-ravaged emerging markets, some see this as an opportune time...

Samsung to take on Apple in smart debit cards

New card will be backed by a cash management account based on smartphones San Francisco: After witnessing the success of Apple credit card, Samsung is now working on its own physical and virtual smart debit cards that will allow customers...

Latest News

Dubai launches student visa system

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Chairman of the Executive Council of the Emirate of Dubai About...

Emirates extends cancellation of flights to and from Tehran until July 5

Dubai’s flagship carrier Emirates on Saturday said its flights to and from Tehran, Iran, will remain suspended till July 5, 2025. The decision comes as...

Today Gold Rate in Dubai (UAE) in Dirham, 28th June 2025

Today Gold Rate in Dubai (UAE) Today Per tola is SAR 4,735.50 while 24k Per 10 Gram gold price is SAR 4,060.00. Usually people...

Today Gold Rate in Saudi Arabia – 28th June 2025

Today Gold Rate in Saudi Arabia (SAR) Today Per tola is SAR 4,735.50 while 24k Per 10 Gram gold price is SAR 4,060.00 Usually...

Today Gold Rate in Qatar – 28th June 2025

Today Gold Rate in Qatar Today Per tola is QAR 4,601.37 while 24k Per 10 Gram gold price is QAR 3,945.00. Usually people opt...