Anticipated Interest Rate Cuts in 2024 to Benefit UAE Consumers
UAE consumers are expected to experience a decline in borrowing costs in 2024 as interest rates are anticipated to decrease by 100 basis points. Analysts predict that interest rates on…
Starbucks Corporation Faces $11 Billion Loss in Market Value Amid Boycott and Protests
The Seattle-based Starbucks Corporation is grappling with a substantial market value loss of nearly $11 billion, triggered by calls for a boycott and protests. The decline in value has been…
Dubai to Host World’s Tallest Residential Clock Tower in Collaboration Between London Gate and Franck Muller
Dubai is set to redefine its skyline with the unveiling of the world’s tallest residential clock tower, part of a groundbreaking project by London Gate, the UAE’s premium real estate…
UAE Fuel Price Committee to Announce December Rates Amidst Global Price Drop
The UAE Fuel Price Committee is poised to unveil retail prices for petrol and diesel for the month of December. The announcement comes against the backdrop of a decline in…
Dubai Taxi Company Launches IPO with Offer Price Range of Dh1.80 to Dh1.85 per Share
Dubai Taxi Company (DTC) has officially announced the commencement of its initial public offering (IPO), revealing a price range of Dh1.80 to Dh1.85 per share. The IPO, comprising 624,750,000 existing…
Milestone Achievement as Barakah Nuclear Power Plant Secures Operating License for Fourth Reactor
In a historic moment for the United Arab Emirates (UAE), the Federal Authority for Nuclear Regulation (FANR) has granted the operating license for the fourth and final reactor of the…
Dubai Taxi to Launch IPO After Conversion to Public Joint Stock Company
Dubai Taxi is set to go public through an initial public offering (IPO) following its transformation into a public joint stock company by the Dubai Government. Dubai Taxi, a prominent…
Rupee Slips 4 Paise to 83.32 Against US Dollar in Morning Trade
The Indian rupee sees a minor depreciation in the morning session against the US dollar, influenced by domestic equities and foreign fund outflows. The Indian rupee depreciated by 4 paise…
Dubai’s Salik Operator Warns Investors About Fake Social Media Posts
Salik Company’s CEO advises the public to rely on official sources and avoid fake social media investment schemes. Dubai’s toll gate operator, Salik Company, is urging potential investors to exercise…
Virgin Atlantic Expands Dubai Flights Amid Soaring Demand for Leisure Tourism
British carrier Virgin Atlantic has announced plans to increase its flight services between London Heathrow and Dubai to meet the growing demand for leisure tourism between the two cities. The…