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UAE net wealth hit $2.9tn last year

the financial - 4 December, 2024

The UAE is well-established as a hub for the super-rich and the introduction of generative AI could create further wealth boomThe UAE’s net wealth...

Dubai real estate sector recorded $3.7bn of transactions last week, including Palm Jumeirah apartment sold for $21.4m

the financial - 4 December, 2024

The Dubai real estate sector saw $3.7bn of transactions last week The Dubai real estate sector recorded AED13.55bn ($3.7bn) of transactions last week, according to data from...

Dubai: Gold prices drop in early trade

the financial - 4 December, 2024

Gold prices fell in Dubai at the opening of the markets on Tuesday after yesterday’s roller-coaster ride. The Dubai Jewellery Group data showed a 24K...

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Middle East crisis derails Bitcoin recovery

the financial - 8 October, 2024

The ongoing crisis in the Middle East has derailed Bitcoin’s recovery in September, and the overall trend continues this month. For October, historically considered...

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Digital Asset Products See Third Week of Inflows Totalling $1.2B: CoinShares

the financial - 1 October, 2024

Digital asset products have seen a third consecutive week of inflows, with a total of $1.2 billion, triggered by the continued expectations of dovish...

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Emirates to introduce retrofitted Boeing 777s on two more cities

the financial - 13 August, 2024

Emirates has today announced plans to introduce its newly retrofitted Boeing 777s to two more cities - Zurich and Riyadh from 1 October 2024*....

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Wall Street jumps as jobs data eases slowdown fears

the financial - 9 August, 2024

Wall Street's main indexes rose nearly 2% on Thursday, bolstered by a better-than-expected jobs report that eased worries of an imminent slowdown in the...

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US junk and corporate bond spreads surge in sign of market fears

the financial - 6 August, 2024

U.S. junk bond spreads over yields on risk-free Treasuries widened further on Monday, after ending last week with the biggest daily points surge since...

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UAE Central Bank follows US Fed move, holds rates at 5.4%

the financial - 1 August, 2024

The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 5.40%. This decision...

Business

Abu Dhabi Islamic Bank’s net profit rises 30% in first half

the financial - 25 July, 2024

Abu Dhabi Islamic Bank (ADIB) on Wednesday reported a growth in net profit after tax of 30 per cent for H1 2024 to Dh3.03...

Economy

Kingdom and Austria Sign MoU for Economic Cooperation

the financial - 30 May, 2024

Vienna, May 29, 2024, SPA -- The Saudi Ministry of Economy and Planning and the Ministry of Labor and Economy in Austria have signed...

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IsDB President Meets with Omani Minister of Finance

the financial - 23 May, 2024

Islamic Development Bank Group (IsDB) President Dr. Muhammad Al Jasser met Wednesday with the Minister of Finance of the Sultanate of Oman, Sultan bin...

Business

Tabreed reports AED468 million revenues in Q1 2024

the financial - 16 May, 2024

Tabreed, the UAE's international district cooling company, today released its consolidated financial results for the first three months of 2024, recording revenue increase to...

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What does history reveal about previous Bitcoin halvings?

the financial - 9 May, 2024

Bitcoin, introduced in 2009, emerged as a decentralised financial system in response to the 2008 financial crisis, eliminating the need for central authorities or...

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Hamdan bin Mohammed launches ‘Dubai International Growth Initiative’

the financial - 1 February, 2024

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, launched the...

Technology

Microsoft’s Bing, Edge to Avoid EU’s Digital Dominance Crackdown

the financial - 25 January, 2024

Microsoft Corp.’s Bing search engine, Edge web browser and Advertising services are set to be exempt from strict new European Union antitrust rules reining in Big...

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Saudi non-oil GDP seen at around 6 pct in 2023: Finance minister al-Jadaan

the financial - 27 October, 2023

Saudi Arabia’s non-oil gross domestic product (GDP) is expected to grow by around 6 percent this year, the Kingdom’s finance minister said, adding he...

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As OGGY Skyrockets 1,000%, This Lesser Known Crypto Has Just Secured $2.2 Million – Next Coin to 10x?

the financial - 24 October, 2023

As a broader resurgence in crypto markets sends prices skyrocketing, Oggy Inu (OGGY) has exploded +1,000% in the latest on-chain moon-shot. Recent weeks have seen...