Breaking News
Business
Gold prices in Dubai trade higher in early trade
Gold prices in Dubai increased during early trading on Thursday, reflecting a broader trend in the precious metals market. The price of gold remained strong, staying above $2,500 per ounce. This uptick highlights ongoing investor interest and market
Read More
UAE Central Bank revokes Muthoot Exchange license
The Central Bank of the UAE (CBUAE) has revoked the operating license of Muthoot Exchange, a prominent exchange house in the UAE. The decision includes striking Muthoot Exchange’s name off the official register, effectively ending its
Read More
UAE firms plan dirham-pegged crypto currency launch
On Wednesday, Phoenix Group, listed on the Abu Dhabi Securities Exchange, and digital asset firm Tether announced their plan to introduce a new stablecoin pegged to the UAE dirham. This collaboration aims to enhance financial stability and provide a
Read More
UAE Engineer Transforms Dh3,000 Salary to Dh4.5 Million Business
Engineer Mohammed Al Najdi from Ajman serves as a source of inspiration. The Egyptian expatriate, aged 35, began earning a monthly salary of Dh3,000
Read More
More UAE stores adopt India's UPI system
LuLu Group International, a retail giant from Abu Dhabi, has implemented India's real-time payment system, Unified Payments Interface (UPI), in
Read More
Dubai: Why Villa Prices Doubled in 4 Years
Villa prices in ten Dubai neighborhoods have increased by over 100% in the last four years due to the increased demand from residents and wealthy
Read MoreDubai: Salik earns Dh1.1 billion in H1 2024 from 238 million vehicles
In the first half of 2024, Dubai's Salik toll system achieved a remarkable financial milestone, earning Dh1.1 billion from toll collections. This impressive revenue comes as a result of 238 million vehicles passing through Salik's toll
Read MoreAbu Dhabi Rentals See Record Occupancy, Waitlists
Some residential areas in Abu Dhabi are experiencing historically high occupancy rates, with specific properties having waiting lists for potential tenants, especially in the high-end and luxury sectors. Luxury residential projects in Abu
Read MoreDubai company purchases 10 electric flying vehicles for new air taxi service
Air Chateau, a private aviation operator from Dubai, has purchased 10 electric flying cars from Crisalion Mobility, a European mobility provider, to use as air taxis in the UAE by 2030. This marks the first business collaboration in the Middle
Read MoreWill the UAE announce fuel prices for August, potentially resulting in an increase in petrol rates?
Petrol prices in the UAE may increase in August due to higher average global rates in July compared to the previous month. Worldwide, the average price of oil in July was approximately $84 per barrel, up from $82.6 per barrel in the prior
Read More