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$400 Million IFFCO Exposure at HSBC Puts UAE Restructuring Talks Under Spotlight

Business Staff Writer -
HSBC’s Exposure to IFFCO Draws Attention as Lenders Weigh Major UAE Debt Negotiations. Dubai: IFFCO Group, one of the Middle East’s largest consumer goods companies,...

Dubai gold surges by more than Dh13 per gram following US–Iran peace agreement

Business Staff Writer -
The precious metal has been under pressure since the start of the US–Israeli war against Iran in late February, which initially weighed on investor...

Are you falling into a debt trap? Subtle signs many UAE residents ignore

Business Staff Writer -
Many consumers in the UAE slip into debt without realising it. Here are key early warning signs—such as relying on BNPL for groceries—that may...

WTI tumbles to $81, dragging oil down 4% amid optimism over a potential US–Iran agreement

Business Staff Writer -
Oil prices fall sharply on expectations of increased Iranian exports. Oil prices plunged early on Monday as investors wagered that a potential US-Iran agreement aimed...

Dubai markets demonstrate strong compliance, with more than 8,400 inspections indicating stable prices.

Business Staff Writer -
Dubai has reviewed 31,500 consumer complaints as part of its ongoing market monitoring drive. Dubai authorities have reported that essential goods remain widely available and...
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