Dubai Gold Prices Dip as Global Market Eyes US Economic Indicators
On the first trading day of the week, gold prices in Dubai experienced a slight decline, according to data released by the Dubai Jewellery Group. The price of the 24K…
UAE Fuel Price Update: July 2024
The UAE Fuel Price Committee has announced revised petrol and diesel prices effective from July 1, 2024. Here are the updated rates: This adjustment marks a decrease across all grades…
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),…