Economy

Sharjah Islamic Bank rights issue oversubscribed by 3.2 times

This successful capital raise further strengthens SIB’s capital base and enhances Sharjah Islamic Bank (SIB) announced the successful completion of its AED2.59 billion ($705.24...

UAE: MoHESR reviews 1,976 advertisements, conducts 72 inspection visits in Q1 2026

The initiative aims to ensure the quality of higher education programmes and academic training and protect students from non-compliant promotional practices The Ministry of Higher...

Forget vibrant shades, Apple’s foldable iPhone Ultra to launch in few colours

Get ready for Apple's first foldable iPhone, the Ultra, but don't expect a rainbow of options, reports say. Its surprisingly limited colour palette mirrors...

Indian rupee hits record low against dirham; will UAE grocery prices fall?

The rupee has hit a record low against the Emirati currency and the US dollar, reaching 24.6 against the dirham and 90.4 against the...

Eid Al Etihad: 220,000 new companies entered the UAE market this year

The nation’s hospitality sector continued its strong upward trajectory in the first nine months of 2025, with hotels welcoming 23.27 million guests – up...

Reserve Bank of India to tolerate weaker rupee as inflows dry up, sources say

The central bank is indicating that it will intervene mostly to curb sharp volatility or on any signs of a speculative build-up but not...

Saudi Arabia to continue with expansionary spending in 2026 budget, says finance minister 

RIYADH: Saudi Finance Minister Mohammed Al-Jadaan confirmed on Wednesday that the government will maintain expansionary spending in the 2026 budget, emphasizing stability and medium-term...

BlackRock monitors Saudi market, sees rising foreign inflows into stock, bonds 

RIYADH: BlackRock, the world’s largest asset management firm, is closely monitoring developments in the Saudi market, particularly amid efforts to ease foreign investment access and...

UAE poised to power GCC’s 2026 boom with 5.6% growth

The central bank expects non-hydrocarbon GDP to grow 4.5 per cent in 2025 and 4.8 per cent in 2026, while hydrocarbon output is forecast...

Sheikh Mohammed approves record Dh302.7-billion Dubai budget for 2026–2028

The budget lists total revenues of Dh329.2 billion, with an operating surplus of 5 per cent Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum has...

UAE strengthens role as global investment magnet amid shifting market dynamics

Against a backdrop of record valuations, policy fatigue, and geopolitical uncertainty, the UAE’s progressive economic strategy is drawing investors seeking resilience and growth As global...

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Sharjah Islamic Bank rights issue oversubscribed by 3.2 times

This successful capital raise further strengthens SIB’s capital base...

UAE: MoHESR reviews 1,976 advertisements, conducts 72 inspection visits in Q1 2026

The initiative aims to ensure the quality of higher...

Forget vibrant shades, Apple’s foldable iPhone Ultra to launch in few colours

Get ready for Apple's first foldable iPhone, the Ultra,...

ADPIC launches unified governance framework to accelerate infrastructure delivery across Abu Dhabi

The Abu Dhabi Projects and Infrastructure Centre (ADPIC) has...

Agthia Group reports 12.5% net profit growth

Agthia Group PJSC announced a strong performance for...