Tag: News

Dubai: Gold prices drop over Dh1 per gram in early trade

Gold prices fell Dh1.5 per gram at the opening of the markets in Dubai on Tuesday. At 9am UAE, the 24K variant of the precious...

Bitcoin surges to record high above $106,000 on hopes of a US strategic reserve

Bitcoin surged to a record high above $106,000 on Monday after President-elect Donald Trump suggested he plans to create a US bitcoin strategic reserve similar...

Saudi Arabia invests $2.66bn to transform logistics infrastructure with 18 new zones

Move is part of a broader strategy to attract local and global investments It came during the opening ceremony of the sixth edition of the...

Saudi POS spending reaches $3.78bn, driven by surge in utilities and jewelry

Spending on public utilities rose by 11.5% to SR63.32 million Total POS transactions in the Kingdom reached SR14.22 billion, a 0.7% decrease from the previous...

UAE looks to boost $13.7bn trade with Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan bloc

UAE and the Eurasian Economic Union conclude negotiations on economic partnership between Gulf nation and Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan The UAE is looking...

UAE APP scam losses surge 43% to $8.3mn in 2023, report reveals

APP scams are a form of trust-based manipulation, deceiving individuals into willingly transferring funds to fraudsters Authorized push payment (APP) scam losses are on the...

UAE defence giant Edge Group records $4.9bn revenue in 2024, sees international orders surge

UAE defence firm is emerging as a global powerhouse with more than $2bnin international orders UAE defence giant EDGE Group has marked its five-year anniversary and is...

UAE, Saudi Arabia forecasted for strong credit growth in 2025: Report

The increase will be supported by continued expansion in the non-oil sector Saudi Arabia and the UAE are expected to post strong credit growth next year...

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UAE loan rates to rise? Escalating Iran-US conflict clouds next interest rate cut

Surging crude prices test central bank plans and household...

Emirates NBD waives ATM withdrawal and debit card fees across UAE and GCC

Bank removes charges on withdrawals and debit card replacements...

Global Markets: Stocks set for tough week, oil eyes strong gains as Middle East war rages

Oil prices set for largest weekly rise since Russia’s...

Saudi POS spending rises 4.5% to $3.8bn in late February: SAMA

RIYADH: Saudi Arabia’s point-of-sale spending rose 4.5 percent to SR14.5 billion ($3.8 billion)...

When AI Speaks for Your Brand, Who Owns the Trust

Trust Has Become a Strategic Asset In 2026, the question...