Business

Petrol prices in UAE expected to ease in July after four months of gains amid sharp oil decline

Fuel prices have surged by more than 60% amid the US-Israel-Iran conflict and the closure of the Strait of Hormuz. Petrol prices in the UAE...

Planning to buy an EV in the UAE? Key factors many buyers miss

EV sales are rising rapidly in the UAE, but buyers are advised to look beyond price and driving range. Dubai: A few years ago, electric...

Brent plunges over 4% as fading Middle East tensions erode the risk premium.

Analysts say oil markets are still susceptible to renewed Gulf tensions, even after prices retreated. Oil prices remained under pressure in early Asian trading on...

UAE Central Bank has imposed a Dh20 million fine on a branch of a foreign bank.

The penalties were imposed due to significant and repeated non-compliance with anti-money laundering (AML) guidelines. Abu Dhabi: The Central Bank of the UAE (CBUAE) has...

Saudi Arabia launches a property ownership portal for foreign nationals.

Non-Saudis can now apply online to own property under new real estate regulations. Dubai: Foreign investors, residents, and companies can now apply to own property...

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