Finance

Gold rates for Thursday, August 29, 2019 Daily Morning 9:00 AM Afternoon 3:00 PM Evening 6:30 PM 24k* 186.00 22k* 174.75 21k* 166.75 18k* 142.75   Get retail Gold and Forex rates with Emirates 24|7 Emirates 24|7 brings you the daily Dubai gold rate (22k, 24k, 21k and 18k), as well as currency exchange rates, including the Indian...

Hamad Rahma AlShamsi General Trading Company contributed AED8 million to the Community Solidarity Fund Against COVID-19, which was launched by the Islamic Affairs and Charitable Activities Department in Dubai to support efforts to mitigate the health, economic and social...

Oil product stockpiles at the Port of Fujairah rose 6.1 per cent week on week to 24.65 million barrels Monday, marking the highest level in two weeks, according to data exclusively obtained by S&P Global Platts today. The gains were...

Air Arabia has announced that it operated new repatriation flights between Pakistan and UAE, carrying Emiratis back home free of charge. Two special flights were operated between Lahore and Multan in Pakistan and Sharjah International Airport on April 24th-25th, the...

DEWA signs Power Purchase Agreement for 900MW 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park Dubai Electricity and Water Authority (DEWA) has signed a 25-year Power Purchase Agreement (PPA) for the 5th phase of the Mohammed bin...

Etihad Airways continues to increase the number of special flights it is operating from Abu Dhabi to several key destinations around the world, as it prepares for an eventual return to scheduled flights, subject to the lifting of current...

Lower loan yields, higher provisions and difficult environment hurt profitability Dubai: Early indicators from the first quarter results of UAE banks point to a spike in provisions on expected credit losses from COVID-19 linked loan impairments and lower loan yields...

Net profits in Q1, 2020 were 4.88 trillion won ($4 billion), down 3.1 per cent Seol: The world’s biggest smartphone maker, Samsung Electronics, reported first-quarter net profits down three percent on Wednesday, as the coronavirus pandemic dampened consumer demand, but...

Grocery shopping and actual delivery are moving on two parallel tracks and speeds By now, I have scheduled deliveries until the end of 2020. This is not entirely my fault, though. I have been home since March 24, the day...

10 million Indians live in Gulf countries, many of them in port cities New Delhi: The national carrier Air India and Indian Navy have been asked to be on standby with their aircraft and warships for the mass evacuation of...