Spot gold was trading at $2,384.14 per ounce at 9.25 am UAE time, up 0.17 per cent
Spot gold was trading at $2,384.14 per ounce at 9.25 am UAE time, up 0.17 per cent
Passengers already in Dubai and in transit will continue to be processed for their flights, the airlines said
The airline also suspended flights to Iran amid reports of an Israeli strike
US rates have 'strong and immediate' impact on Asia FX - IMF
Green Giant project is set to deliver 500 MW of solar power
Prices could skyrocket if Iran closes the Straits of Hormuz
As per DLD data, the community shows a consistent rise in the capital value appreciation in villa configurations with seven clusters having recorded double-digit growth (comparison from 2021 to 2023)
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Motor is the segment most vulnerable to natural catastrophe events for the UAE’s primary insurers
Abu Dhabi carrier welcomed over 1.4 million passengers last month
The updated Meta AI assistant will be given more prominent billing within Meta's Facebook, Instagram, WhatsApp and Messenger apps
In the first two days after the torrential rain on Tuesday, around 1,244 flights were cancelled
The Pakistan Consulate-General in the emirate quickly mobilised its teams to help those affected by floods and service disruptions
Etihad Airways announced the resumption of scheduled operations
US equity futures and Asian shares declined while safe haven demand lifted US Treasuries
The safety of passengers, restoring operations to normal, and mitigating the effects of the crisis on travellers at the airport, have been their priorities
Profit attributable to shareholders stood at Dh1.13 billion on December 31, 2023
Facility is the first of its kind raised by a Shariah-compliant financial institution
In the Middle East, e-commerce is estimated to reach $50 billion by 2025
Move will consolidate Abu Dhabi's role as a key player in the green hydrogen sector
Panic and fear gripped many motorists as the water level surged, and they had to make a choice- to prioritise their safety or cling to their cars
One of the world’s most popular SUVs gets a complete overhaul, a 3rd row, and a price hike
The decision comes over concerns that petrol can leak from fuel injectors, increasing the risk of sparking a fire in the engine
The company says it will extend warranty coverage for cracked fuel injectors, so owners who experience the problem will get replacements
Depending on storage capacities and functionality, a dashboard camera can cost up to Dh400
Zeekr is taking on the titans of the EV market with the ‘X’ crossover SUV.
Tesla to focus on self-driving taxis instead, sources said
As far as the motoring calendar is concerned, the first quarter of 2024 has been jam-packed. With numerous brand and model launches happening back-to-back, Dubai’s stamps itself further as the world’s automotive hub
The company aims to capitalise on technology by connecting its cars with its phones and home appliances
The Grenadier is here to reinstate the glory of proper 4x4 vehicles
Lower running costs, extended motor lifespan, and operational efficiency contribute to this shift
In the first two days after the torrential rain on Tuesday, around 1,244 flights were cancelled
The Pakistan Consulate-General in the emirate quickly mobilised its teams to help those affected by floods and service disruptions
Etihad Airways announced the resumption of scheduled operations
Passengers already in Dubai and in transit will continue to be processed for their flights, the airlines said
The airline also suspended flights to Iran amid reports of an Israeli strike
Abu Dhabi carrier welcomed over 1.4 million passengers last month
The safety of passengers, restoring operations to normal, and mitigating the effects of the crisis on travellers at the airport, have been their priorities
There could still be delays due to operational challenges at Dubai International Airport after Tuesday's heavy rains
World’s busiest international airport is working hard to mitigate the impact of the adverse weather for normal operations within 24 hours
Flight arrivals for some airlines have resumed on Dubai airport's Terminal 1
Departing travellers are struggling to reach the airport while those arriving find it challenging to leave terminals due to flooding
Here are the latest updates from airports and airlines as the country deals with the record rain's aftermath
Recognising the challenge for passengers, the airline said it is working to secure accommodation and other amenities for the passengers at the airport
Several passengers stranded at the airport have been provided with drinks and meals wherever possible
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Report of the independent auditor on the summary financial information to the Directors of American Home Assurance Company in respect of its Dubai Branch
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Residents who have invested in saving bonds earn up to 5.8 per cent returns as the investment portfolio of the firm crossed Dh14 billion
It's the largest fund that the Africa Finance Corp has pooled, 'providing the much-needed impetus to African industrialisation, enhanced export earnings and job creation'
The consultation will be open from March 15 to April 10, and accessible via the website of the Ministry of Finance
It applies to buyers and sellers through any digital means in the country and outside when residents buy the product
Total federal assets reached Dh481.5 billion in 2023, and the UAE ranked first globally in four indicators of financial competitiveness
Banks records strong business momentum with double-digit growth in assets; Financial performance aided by significant progress across the core businesses with total operating income recording a 15 per cent growth
The lender saw 8.29 per cent growth in Islamic financing assets, which closed the year at Dh13.8 billion
CBUAE imposed a fine due to its weak compliance framework and failure to meet regulatory obligations
Expert says most of the IPOs over the last three years paid dividends of over four per cent
It is catering to diverse segments with products like 'My One Million' and 'Second Salary' designed to create an additional income stream for individuals
Customers and partners will start seeing documents with the new legal name
It will be responsible for investing Dubai government funds, surpluses and the general reserve locally and internationally
UAE Central Bank Governor says this includes financing the transition and climate adaption strategies of corporate customers
If a person has a licence issued in January or February (irrespective of the year), he has to submit a tax registration application by May 31, 2024
City’s top fashion names attended the fashion presentation and launch
60% in ALEC’s ‘Mustaqbal’ programme are women
Young entrepreneurs showcased their innovative projects
Performance was driven by robust demand from new and existing customers
The multi-brand gift card, HappyYOU, can be purchased across all Carrefour stores in the UAE
Transaction is expected to close in Q1 2024, subject to regulatory approvals
Deal expands RPM offering into UK-Nordic region and strengthen capabilities for energy and defence sectors
Tally is all geared to support the UAE SME community
MADA UV Company’s latest innovation promises 100% germ eradication
Company offers a diverse range of mortgage solutions
The Rockets Investment launches CBI programme has part of its widening portfolio
This takes the tally of global engagement centres under LuLu Financial Holdings to 314
A paradigm shift in urban fashion: ‘Movement’ takes centrestage
Current dynamics of Bitcoin leave only nine months of supply left on exchanges
Dubai is emerging as a major hub for cryptocurrencies
Craig Wright has long claimed to have been the author of a 2008 white paper, the foundational text of bitcoin, published under the pseudonym
ETF approvals and expected halving boosts demand for crypto
The cryptocurrency has gained 50 per cent this year and most of the rise has come in the last few weeks
Halving in April, coupled with regulatory approvals signal bright days ahead
A reliable crypto regulatory framework will attract more investment into the digital assets
Investors believe increasing mainstream acceptance, regulation, and global adoption would help reduce the volatility
Official calls on investors to be careful of exaggerated benefit offers
The company will be the first privately owned crypto and blockchain entity to be listed on a Middle East stock market
More than two-thirds of UAE crypto transactions were for institutional investments
The summit, being held in Delhi on Saturday and Sunday, will take up several global issues including a regulatory framework for cryptocurrencies
The rule is part of a broader push to crack down on crypto users who may be failing to pay their taxes
Bitcoin stages a strong recovery in 2023 and may sustain an upward momentum
US rates have 'strong and immediate' impact on Asia FX - IMF
IMF says despite many gloomy predictions, world economy avoided a recession
UAE’s current account surplus is estimated to rise to 8.4% in 2024
Remittance inflows to India in 2023 stood at $125 billion
Inflation is proving to be a stickier problem than US central bank officials had anticipated
Deposit rate unchanged at 4%; rate cut could come as soon as June
Claims tend to be volatile around this time of the year
The outlook downgrade follows a similar move by Moody’s in December
New dialogue may need to take place alongside a new Biden administration trade action
The annual consumer price index came in at 3.5% in March
World trade volumes unexpectedly declined by 1.2% in 2023
The new forecast reflects downward revisions for medium-term growth
Frankfurt-based institution has left its key rates unchanged since October 2023
India's Prime Minister has highlighted economic growth as one of his biggest achievements
Green Giant project is set to deliver 500 MW of solar power
Prices could skyrocket if Iran closes the Straits of Hormuz
Move will consolidate Abu Dhabi's role as a key player in the green hydrogen sector
Adnoc will pay up to $1.195 billion, along with up to $4.18 million in applicable interest
Fallout from Iran's actions were to an extent priced in by markets
It will be difficult to maintain Brent above $90 a barrel in the second half of the year
Market is witnessing one of the fastest year-on-year growth rates
Brent futures fall 1.2%, WTI down 1%
Panel welcomes Iraq, Kazakh pledges to achieve full compliance
QatarEnergy had previously contracted for 77 ships to be built at Korean and Chinese shipyards
The newly announced prices for April 2024 will be the highest in six months
Prices have increased by up to 11 fils per litre, compared to the rates of March
Here's how much it will cost to tank up your car this month
The renovation will be executed in two phases and the initial phase will restore a 2.1km stretch along the Deira side
Cutting-edge AI technologies to usher in a new era of seamless travel, eliminating traditional hassles and streamlining passenger experience
Facility will have snack dispenser, water cooler and mobile phone charging station
The project’s design is inspired by the hexagonal beehive — a nod to the famous Hatta honey
A dedicated track for cyclists and pedestrians will be built along the bridge linking Dubai Islands and Bur Dubai
Emirate’s road network and safety standards have placed Dubai among the best global cities in terms of traffic safety
The federal law aims to preserve country's advanced infrastructure and enhance road safety
Salamah 365 aims to improve traffic and student safety by reducing number of road fatalities and implementing a smart school model, respectively
RTA is tasked with defining the requirements, procedures, controls, standards and specifications applied by its Safety Regulatory Entity
Minister of Energy and Infrastructure outlines details of National Electric Vehicles Policy
The Island, located 160km Northwest of Abu Dhabi, is a critical part of the UAE's infrastructure and central to Adnoc's ambitious gas growth plans
The plots will be fully serviced and comprise basic and entertainment facilities and parks
Project includes construction of a bridge on Al Ittihad Street consisting of three lanes for vehicles coming from Dubai towards Sheikh Khalifa intersection
Emirate launched its first urban plan back in 1960 and is currently in the process of realising its 7th development plan
Spot gold was trading at $2,384.14 per ounce at 9.25 am UAE time, up 0.17 per cent
Globally, spot gold was trading at $2,385.97 per ounce at 9.45 am UAE time
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Embarking on a journey to redefine luxury, offering unparalleled architectural expertise and design excellence
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US crude has risen 20% year-to-date
Gold prices recently hit a record high while Brent oil is trading at $90 a barrel, rising from $83 a barrel a month ago
Experts are expecting the yellow metal to continue rising in the next two months
Prices also edged higher as investors were waiting for the US Federal Reserve’s policy meeting minutes and key inflation data cues
The precious metal prices have jumped by nearly Dh10 per gram in the UAE this month so far
There is a fundamental change in how people interact with the financial world, says Taurex
A moderation in crude oil prices on easing tensions in the Middle East is also likely to assist the rupee, traders said
Among the other variants, 22K opened at Dh262.5, 21K at Dh254.25 and 18K at Dh217.75 per gram
The S&P 500 is up more than 9% year-to-date
Globally, spot gold closed higher at $2,329.93 an ounce on Friday, up 1.79 per cent
As per DLD data, the community shows a consistent rise in the capital value appreciation in villa configurations with seven clusters having recorded double-digit growth (comparison from 2021 to 2023)
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In 2023, Dubai recorded 431 home sales above $10 million, nearly 80 per cent higher than London (240) and New York (211)
The emirate's real estate market has seen unprecedented demand and growth ever since it allowed non-Arab nationals to also buy property
Rentals in the emirate have grown at a double-digit rate in the past three years and this trend is expected to continue
However, commercial property in Dubai sees massive flipping as prices skyrocket
RERA guidelines state that landlords can only increase the rent at the time of tenancy renewal
The first quarter of 2024 opened up to strong demand for existing projects across both Dubai and Abu Dhabi unlike the first quarter of 2023
Reportage Properties one of the most influential real estate developers in the Middle East
Factory will build airplane seats in addition to other products
The move reverses the trend of the past years where a landlord could pay fee to the Land Department for rental valuations
Many developers are now opting for digital tokens, expression of interest for a systematic property launch
Three-bedrooms villas and above, were the most sought after by most aspiring owners
The agreement was signed as part of the “Dubai Real Estate Programme” to enable local talent to advance in real estate
This is similar to the trend among Dubai residents who for the past few years are keen on buying properties to beat rising rentals
A thriving ecosystem and increasing investor interest to foster innovation and entrepreneurship in the region
As part of the D33 programme, Dubai aims to scale up to 30 companies to become global unicorns in new economic sectors by 2033
The smart greenhouse system presented at the startup exhibition provides energy, water and heat required for plant growth automatically
The recruitment platform targets people aged below 30 and specialises in providing internships, freelance and remote work
Over 1,800 startups representing more than 100 countries participate in Expand North Star 2023 at Dubai Harbour
Over 1,400 start-ups are showcasing their solutions at Expand North Star conference
The bike will have a seating capacity for three people
DIFC's Accelerator Programme received tremendous responses from companies worldwide as the emirate has become a magnet for metaverse
Research and development happened at SRTIP’s hi-tech SoiLAB facilities
Experts do not not rule out the possibility of entities in the UAE’s tech sector having some exposure to SVB
This fund will invest in pre-seed and seed tech-startups in the Middle East and Africa
The UAE is becoming a preferred choice for newly established businesses to raise funds, expand, and hit the billion-dollar mark
The Arab world’s visionary leadership has ensured a strong customer-driven demand as gender stereotypes and taboos are being broken to create a new egalitarian world order
This comes after Indian PM Narendra Modi last year announced January 16 as National Start Up Day to promote entrepreneurship and businesses
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e& UAE has consistently demonstrated its commitment to ethical business conduct and anti-bribery compliance
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Customers can download the Virgin Mobile app and get connected instantly with an eSIM in a few minutes
Phone booths offer commuters an invaluable opportunity to strengthen familial bonds and connect with friends
The country's other telco Etisalat by e& is already providing multiple fintech solutions to its customers
e& UAE users can benefit from satellite connectivity without the bulky devices that are typically needed
Salvador Anglada, CEO of e& enterprise, explores the key milestones that have driven the company's success in the past year and outlines their vision for a transformative journey towards a smarter, more secure, and sustainable future.
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Its full-year revenues grew by 6.9 per cent on the back of sustained demand and strong growth in post-paid and fixed services
e& is accelerating the pace of its green initiatives to enable a low-carbon society, reduce environmental impact and promote sustainability
This new feature allows remote diagnosis by enabling a seamless connection between patients, ambulance staff, and medical experts
The fully automated store features an interactive robot that answers queries
All customers must have a valid ID as per telecommunications regulations whether they are a resident or a national
The SIM can be obtained by visiting business service centres and guidance centres, or using MoHRE's online services
The operator's cooperation with Vodafone is awaiting regulatory approvals in countries where the British company operates
Residents from the South Asian country can also take advantage of Shariah-compliant financing options of up to 12 instalments
The updated Meta AI assistant will be given more prominent billing within Meta's Facebook, Instagram, WhatsApp and Messenger apps
US tech giant to take a seat on G42 board
Rising trend attributed to a surge in digitalisation and geopolitical tensions
Some iPhone users say the flag is suggested when they type 'Jerusalem'
The message says the 'attack' could be targeting people based on 'who they are and what they do'
Google plans offer for HubSpot, valued at $34 billion
Most entertainment executives see AI displacing workers
Meta said that its latest tools were building on 'longstanding work to help protect young people from unwanted or potentially harmful contact'
Japan is also expanding its semiconductor industry with the help of big foreign investment
Builds skin in the-game consulting for retention marketing
Synchron on Monday launched an online registry for patients interested in joining the trial
GCC witnesses major rise in attacks as experts advise on protection options
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From competitive gaming to limitless creativity, tap into the power of AI with a GeForce RTX 40-series laptop
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US equity futures and Asian shares declined while safe haven demand lifted US Treasuries
The South Asian currency may fall below the 83.50 mark today 'if the RBI doesn't intervene or if it does mild intervention as it has been over the last few days', a trader says
It will be important to watch if the central bank nudges the South Asian currency higher as a slight downward bias is likely to persist in the market, says expert
The South Asian currency was expected to face some pressure on the back of a decline in the offshore Chinese yuan
The Reserve Bank of India likely sold US dollars via state-run banks to prevent further depreciation in the rupee
Traders said it was weighed down by broad weakness in its Asian peers and aggressive local dollar demand
The currency had dropped to a two-month low on Wednesday due to dollar demand from importers, including local oil companies
The South Asian currency is set for a quiet session today, eyeing whether the US Federal Reserve will signal fewer rate cuts this year
Asian currencies were mostly down following an uptick in US Treasury yields after sticky inflation suggested that the Federal Reserve will wait longer to cut interest rates
The market is also buying, as current levels on the dollar-rupee pair are quite appealing for importers, says a foreign exchange trader
Most Asian currencies saw a slight uptick, with the Philippine peso leading the gains, rising 0.3%
Mild dollar inflows helped lift the rupee in early trading, a foreign exchange trader at a state-run bank said
The rupee has been 'well-supported,' by dollar inflows over the last week, which helped cap the unit's weakness, an expert said
Forex traders said a negative trend in domestic equities and foreign fund inflows weighed on investor sentiments