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UAE Maintains Strong Position in Global Gold Jewellery Market Despite Consumption Drop

Dubai, UAE – The UAE continues to rank as the world’s fifth-largest market for gold jewellery demand, despite a notable decrease in consumption over the past year. The persistent allure…

Navigating the Future: UAE’s Transformative Shift towards Hybrid Work Models

The UAE’s evolving work landscape is witnessing a significant shift towards hybrid work models, blending remote and office-based work, according to Jayant Paleti, Co-Founder of Darwinbox, a human capital management…

New Direct Flights from Fujairah to Cairo Announced

Fujairah International Airport has unveiled plans for direct flights connecting the emirate to Cairo, Egypt’s capital, starting in July. This initiative, facilitated through a partnership between Fujairah Airport and Egypt’s…

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…

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…