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…
UAE Considers Long-Term Business Licences to Boost Competitiveness
In a bid to further enhance its business environment and attract more talent and investment, the United Arab Emirates (UAE) is contemplating the introduction of golden and silver business licences,…
Onion Prices Expected to Drop in the UAE Following India’s Export Resumption
Recent developments indicate that onion prices in the UAE are poised to decrease by up to 20 per cent as India has resumed exports of the commodity after a three-month…
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),…
Dubai Emerges as Hub for Cross-Border Gold Trade, Attracting Shoppers from Across the Globe
Dubai has become a hotspot for shoppers seeking to invest in gold and precious metal jewellery, with an increasing trend of buyers selling their purchases in other countries, particularly in…
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…
Starbucks Corporation Faces $11 Billion Loss in Market Value Amid Boycott and Protests
The Seattle-based Starbucks Corporation is grappling with a substantial market value loss of nearly $11 billion, triggered by calls for a boycott and protests. The decline in value has been…