• Sat. Jun 15th, 2024

ECONOMY

  • Home
  • UAE Insurance Premiums Surge by Up to 30% Following Unprecedented Rains

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…

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…

Gold Prices Surge in UAE Amidst Iran-Israel Conflict

Gold prices surged at the opening of the markets in the United Arab Emirates on Monday, with investors flocking to the safe-haven metal amidst escalating tensions between Iran and Israel.…

Gold Prices Hit Another Record High in UAE, Expected to Remain Volatile

Gold prices in the UAE surged to yet another record high on Monday morning, with the 24K variant of the precious metal jumping more than Dh3 per gram to reach…

Gold Prices Surge in UAE, Reach Record High Amid Global Uncertainties

Gold prices in the UAE witnessed a significant surge this week, climbing by eight dirhams per gram and reaching an all-time high, propelled by global market dynamics and heightened demand…

Dubai’s Tax on Foreign Banks: Impact and Strategies

The recent announcement of a 20% tax on foreign banks’ income in Dubai has sparked debate among analysts regarding its implications and potential strategies for banks to navigate the new…

Etihad Airways Returns to Profit, Considers IPO

Abu Dhabi’s Etihad Airways has announced a return to profitability and is focusing on enhancing its transparency, governance, and balance sheet to prepare for a potential initial public offering (IPO),…

UAE Continues Petrol Price Decline for Third Consecutive Month

In a welcome relief for motorists, the UAE has witnessed a downward trend in petrol prices for the third consecutive month, with January 2024 rates nearly aligning with the lowest…

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…