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CBUAE raises interest rate as of September 22

CBUAE, Gulf central banks raise interest rates following US Fed rate hike

The US Federal Reserve raised its benchmark interest rate by three-quarters of a percentage point to a range of 3 to 3.25 per cent on Wednesday

Foreign royals, world leaders, celebrities to attend Queen Elizabeth II's funeral

Queen Elizabeth II’s funeral: Who will attend and what to expect?

Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, visited Buckingham Palace on September 18 to offer his condolences to King Charles III

Here are 10 of the best new features of iOS 16 for your iPhone

Here are 10 of the best new features of iOS 16 for your iPhone

Apple says the new operating system offers “all-new personalisation features, deeper intelligence, and more seamless ways to communicate and share”

King Charles III

United Kingdom: King Charles III proclaimed as new monarch

He became king following the death of his mother, Queen Elizabeth II, on September 8

MCC’s Dubai Diamond Exchange hosts unveiling of one of the world’s largest flawless pink diamonds

One of the world’s largest flawless pink diamond unveiled in Dubai

The Williamson Pink Star diamond is up for auction on October 5 in Hong Kong

UAE Bulgaria sign agreements

UAE, Bulgarian Presidents discuss strengthening ties

The two leaders explored avenues of cooperation in the economic, investment, environment, renewable energy and food security sectors

Deliveroo joins the Dubai can initiative to reduce usage of single-use plastic water bottles

Deliveroo joins ‘Dubai Can’ initiative to reduce usage of single-use plastic bottles

Deliveroo is distributing reusable water bottles to their riders across Dubai to encourage them to reduce the use of bottles made of single-use plastic

RTA Tamkeen programme

RTA launches third edition of Tamkeen Programme for Emirati graduates

The programme will enable graduates who have been unemployed for the past three years to pick up the skills needed to be job-ready and qualified to work for RTA

Gautam adani

India’s Adani is first Asian to become world’s third-richest person

With a $137.4bn fortune, Adani has overtaken France’s Bernard Arnault and now trails just Elon Musk and Jeff Bezos of the US in the ranking

UAE sends relief aid to flood victims in Pakistan

UAE sends relief aid to flood victims in Pakistan, more than 33 million people affected

According to the latest estimates by National Disaster Management Agency (NDMA), nearly 1,000 people have lost their lives due to the torrential rains and floods

Gold holds gain as traders weigh outlook for Fed tightening path

Bullion just capped a fourth straight week of gains, the longest such run in almost a year

Gold steady in Asia with traders digesting cooling US Inflation

Gold steady in Asia with traders digesting cooling US Inflation

Bullion initially jumped on August 10 after the US consumer price index decelerated by more than expected in July

New generation UAE passport to be issued from Sept 1

UAE to issue new generation of Emirati passports from September 1

The passports of the previous generation are considered valid and their holders can use them for travel until the expiry date of the passport approaches

UAE reports 861 new Covid cases, 887 recoveries

The Covid-19 nationwide case count has risen to 1,002,306

Covid cases August 10

UAE reports 889 new Covid cases, total crosses one million

The Covid-19 nationwide case count has risen to 1,001,445

Oil steadies as Traders weigh Russian pipeline halt, stockpiles

Oil steadies as Traders weigh Russian pipeline halt, stockpiles

West Texas Intermediate held above $90 after edging higher on August 9

Elon Musk sells $6.9bn of Tesla shares, first since April

Elon Musk sells $6.9bn of Tesla shares, first since April

Musk has now sold around $32bn worth of stock in the electric-car maker in the past 10 months

covid cases aug 9

UAE reports 919 new Covid cases, 859 recoveries

The Covid-19 nationwide case count has risen to 1,000,556

Syed Basar Shueb, IHC’CEO

International Holding Company’s H1 2022 net profit rises 137 per cent to Dhs10.35bn

The holding company’s revenue grew by 121 percent to Dhs21.93bn in the first six months of 2022

Covid cases August 8

UAE reports 923 new Covid cases, 895 recoveries

The Covid-19 nationwide case count has risen to 999,637

SoftBank reports record $23.4bn loss as holdings tumble

SoftBank reports record $23.4bn loss as holdings tumble

The Vision Fund segment posted a loss of 2.33 trillion yen in the three months ending June 30, following a then-record 2.2 trillion yen loss in the previous quarter

Oman posts $2bn surplus in first half on high oil, gas

Oman has implemented a series of reforms to balance its budget and lower its debt, including the introduction of value-added tax last year

Oil steadies as Traders weigh Russian pipeline halt, stockpiles

Oil extends 10% weekly drop as demand concerns spur caution

Investors have backed away from commodities in recent months as slowing growth feeds concern that energy usage will drop

Hamad Buamim, President and CEO, Dubai Chamber steps down

Hamad Buamim to step down as president and CEO of Dubai Chambers

Hassan Al Hashemi has been appointed to the role of president and CEO in an acting capacity

Covid cases August 5

UAE reports 998 new Covid cases, 989 recoveries

The Covid-19 nationwide case count has risen to 996,775

Saudi Arabia raises oil prices for Asia to record levels

State producer Saudi Aramco increased its Arab Light grade for next month’s shipments to Asia to $9.80 a barrel

Covid cases today

UAE reports 1,084 new Covid cases, 890 recoveries

The Covid-19 nationwide case count has risen to 995,777

Shell records strong performance in second quarter, adjusted earnings of almost $11.5bn

$6bn share buybacks are expected to be completed by Q3 2022 results

OPEC+meeting

OPEC+ agrees to increase 100,000 barrels a day for September oil production

For July and August, the group had pledged to add more than 600,000 barrels a day to the market

UAE signs treatyUAE signs treaty at ASEAN meet courtesy WAM at ASEAN meet

UAE signs ASEAN’s Treaty of Amity and Cooperation

The peace treaty was signed at the ongoing 55th Foreign Ministers Meeting of the Association of Southeast Asian Nations in Cambodia