UAE Insurance Premiums Surge by Up to 30% Following Unprecedented Rains
In the aftermath of the historic rainfall experienced in mid-April, insurance companies in the UAE have escalated premiums by as much as 30%, responding to the surge in claims for…
Adnoc Logistics & Services Approves $130 Million Dividend Amidst Strong Financial Performance
Shareholders of Adnoc Logistics & Services Plc (Adnoc L&S) have greenlit the final 2023 dividend, amounting to $130 million (Dh477 million), equivalent to 6.45 fils per share. The dividend, approved…
McDonald’s Quarterly Profits Rise Despite Middle East Conflict Impact
McDonald’s Corporation announced a notable uptick in quarterly profits despite grappling with the ongoing repercussions of conflict in the Middle East. The fast-food giant’s financial report for the quarter underscored…
ADNOC Group to Deploy Over 500 New Electric Vehicle Chargers Across the UAE
In a significant move towards sustainable transportation infrastructure, ADNOC Group has announced plans to install more than 500 new fast and superfast electric vehicle (EV) chargers across the UAE in…
UAE to Announce May Petrol Prices Amid Global Rate Alignment
The UAE is set to reveal petrol prices for May 2024 on Tuesday, aligning them with global rates as fluctuations in oil prices continue to impact local markets. With global…
Abu Dhabi Airports Reports Over 35% Surge in Passenger Traffic in Q1 2024, Driven by Strong Global Demand
Abu Dhabi Airports, the operator of five airports in the emirate, has announced a significant surge in passenger traffic during the first quarter of 2024, reflecting a remarkable increase of…
Gold Prices Rebound Amidst Weakening US Dollar, Analysts Predict Downward Correction
Recent movements in the gold market have seen the precious metal finding strong support around the $2,290 mark, triggering a notable rebound fueled by a weakening US dollar. Despite peaking…
Indian Rupee Stable as Traders Await Economic Data, Dollar Fluctuates
The Indian rupee remained largely unchanged on Tuesday, tracking the subdued performance of its Asian counterparts and stable US bond yields, as market participants await fresh insights from upcoming economic…
Fraud on the Rise in UAE, New Study Reveals
LexisNexis Report Highlights Growing Concerns Over Fraudulent Activities Impacting Businesses A recent survey conducted by LexisNexis Risk Solutions has shed light on the increasing prevalence of fraud within the business…
Central Bank of the UAE Allows Loan Repayment Deferral and Confirms Insurance Coverage for Weather-Related Damages
Dubai, April 23, 2024 – In response to the recent adverse weather conditions that have impacted residents across the UAE, the Central Bank of the UAE (CBUAE) has taken proactive…