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…
Central Bank of the UAE Allows Loan Repayment Deferral and Confirms Insurance Coverage for Weather-Related Damages
Dubai, April 23, 2024 – In response to the recent adverse weather conditions that have impacted residents across the UAE, the Central Bank of the UAE (CBUAE) has taken proactive…
IMF Urges Asian Central Banks to Prioritize Domestic Inflation Amid Fed Uncertainty
The International Monetary Fund (IMF) has issued a cautionary note to Asian central banks, advising them to maintain a focus on domestic inflation concerns and to avoid tethering their policy…
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.…
FAB Considers Acquisition of Turkish Bank Amid Expansion Plans
First Abu Dhabi Bank (FAB), the largest lender in the UAE, is reportedly exploring potential acquisition targets in Turkey, with Yapi Ve Kredi Bankasi, the country’s seventh-largest lender by assets,…
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…