Economy

UAE Inc. committed to fight Covid-19.

The stimulus package will give a significant boost to the UAE banking sector. The UAE Central Bank's Dh100-billion stimulus package will provide additional liquidity to...

Indian rupee hits record low, touches 20.46 against UAE dirham.

Traders expect the central bank to step in to prevent further sharp falls in the currency. The Indian rupee dropped to a record low on...

UAE, GCC stock markets bounce back as oil prices recover.

Oil prices also bounced back on Tuesday morning after crashing 31 per cent on the previous day. The UAE and GCC stock markets bounced back...

Saudi Arabia slashes oil prices after collapse of OPEC+

DUBAI: The eyes of the world will be on the oil markets when the big trading hubs in Europe and North America open following the...

Gold jumps past Dh6,244 per ounce for first time in 7 years on coronavirus fears.

Asian equities sank as investors fled to bonds to hedge the economic shock of the coronavirus. Gold prices jumped past the $1,700 per ounce level...

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