News
UAE distributes over Dh46b in VAT and excise revenues after 15% rise
10+ hour, 37+ min ago (454+ words) VAT and excise collections rose 15% in 2025, says Ministry of Finance Dubai: The UAE distributed more than Dh46 billion in Value Added Tax and Excise Tax revenues to federal and local governments by the end of 2025, marking a 15% increase from the previous…...
AU Small Finance Bank raises FCNR rates to 7. 10%, boosts end-to-end NRI banking proposition
13+ hour, 59+ min ago (83+ words) AU SFB also offers zero forex margin and bank charges on eligible remittances Available in US Dollars, FCNR deposits offer NRIs a fully repatriable investment avenue with income tax exemption in India on both principal and interest, along with attractive…...
Central banks see gold taking a larger share of reserves over the next five years
14+ hour, 4+ min ago (880+ words) World Gold Council survey shows gold gaining a bigger role in global reserves Dubai: Central banks are expected to keep buying gold over the next year, with reserve managers increasingly treating the metal as a strategic asset during periods of…...
Sharjah tells investors it has a backup route when supply chains tighten
6+ day, 22+ hour ago (951+ words) Sharjah pitches Port Khalid, Hamriyah as supply-chain shield for global investors Dubai: Sharjah is positioning its ports, industrial zones and investor services as a buffer for companies facing higher costs and supply-chain pressure across the region. Mohamed Juma Al Musharrkh,…...
Saudi Arabia's economy hits $1. 31 trillion milestone
1+ week, 7+ hour ago (895+ words) FDI inflows rise to $35. 5bn as over 700 firms establish regional HQs Dubai: Saudi Arabia's economy reached a new milestone in 2025 as real gross domestic product expanded to $1. 31 trillion, driven increasingly by non-oil sectors that now account for 55 per cent of economic…...
Technology made everything faster. Why does life feel more expensive?
1+ week, 8+ hour ago (342+ words) Last week, I ordered groceries from my phone, paid a utility bill online, renewed a subscription in minutes, and asked an AI tool to summarise a report that would once have taken hours to read. The entire sequence took less…...
Why UAE residents shouldn't expect interest rates to be cut next week
1+ week, 1+ day ago (743+ words) Strong US economic data reduces chances of a June rate cut in UAE due to dirham-peg Dubai: Hopes for lower borrowing costs have taken another hit after a surprisingly strong US jobs report reduced expectations that the Federal Reserve and…...
Vantage Markets strengthens UAE, MENA market engagement with trust-led regional strategy
1+ week, 4+ day ago (298+ words) Prioritising trust, credibility and engagement to drive lasting regional growth Dubai: Vantage Markets today announced a strengthened UAE and MENA market engagement strategy, outlining a trust led regional direction focused on transparency, trader education, responsible market access and long-term participation…...
Tell Me Why gold is the smartest wealth preservation tool
1+ week, 6+ day ago (243+ words) Gold remains an asset with a true store of value, says CIO of fintech platform OGold In the latest episode of Gulf News" podcast series Tell Me Why, Dr Fahmi Iskander, Partner and Chief Investment Officer at OGold, explains how…...
UAE grocery prices to rise further as fuel costs climb amid US-Iran tensions
1+ week, 6+ day ago (1169+ words) Major supermarkets, food distributors have come under mounting pressure in recent months Dubai: UAE residents are paying more at the pump, and retailers are warning that higher fuel costs will lead to larger grocery bills if current geopolitical tensions continue…...