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…
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…
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 Unveils Ambitious 2024-2026 Budget Focusing on Economic Growth and Sustainability
Dubai’s leadership, spearheaded by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has given its approval to the Government…
UAE Slashes Petrol Prices by 12% in November, 40% Cheaper Than Global Average
The UAE’s Fuel Price Committee has announced a significant reduction in retail petrol prices, offering welcome relief to motorists in the country. For the month of November, prices for the…
Gold Prices Dip Slightly in Dubai Market Following Recent Surge
Gold prices in the Dubai market experienced a minor drop, shedding one dirham per gram in early morning trading on Thursday. This adjustment followed a noteworthy gain of over two…
Gold Continues Rally in UAE Markets Amid Middle East Uncertainty
Gold prices in the UAE saw a two-dirham per gram increase at the market opening on Tuesday, driven by investors seeking safe-haven assets amidst escalating tensions in the Middle East.…
Lulu Group Expands Footprint with Largest In-Mall Hypermarket at Dubai Mall
Retail giant Lulu Group has further solidified its presence in Dubai with the opening of its largest in-mall hypermarket at the prestigious Dubai Mall. This strategic move reflects the company’s…