Gold prices in Dubai remained under pressure on Friday as global economic uncertainty and rising bond yields continued to impact precious metal markets. The price of 24K gold opened at Dh545.75 per gram, slightly lower than Thursday’s closing price of Dh547.50 per gram. Gold prices have now fallen by around Dh25 per gram since reaching…
India and the United Arab Emirates have agreed to strengthen their strategic partnership by expanding cooperation in defense, energy, and advanced technology sectors during the visit of Indian Prime Minister Narendra Modi to the UAE. According to India’s foreign ministry, both countries approved a framework for a strategic defense partnership aimed at deepening long-term security…
Dubai Holding has become the largest shareholder in Emaar Properties after acquiring the full stake previously owned by Investment Corporation of Dubai (ICD). Following the transaction, Dubai Holding’s ownership in Emaar has increased to nearly 30%, strengthening its position in one of the UAE’s largest real estate developers. According to data from the Dubai Financial…
Shuaa Capital reported a loss for the first quarter of 2026 as lower management fee income and weak advisory business activity affected overall financial performance. According to a statement filed with the Dubai Financial Market, the company recorded a net loss attributable to shareholders of AED10 million (approximately $2.7 million) during the quarter. In comparison,…
Shares of UAE-based AIR Global experienced significant fluctuations during the company’s first day of trading on the Nasdaq stock exchange in New York. The company, which manufactures hookah products, vape devices, and flavoured tobacco molasses, saw its stock move sharply between highs and lows before ending the trading session at $10.50 per share. The stock…
Air Arabia reported a decline in first-quarter profit for 2026 as regional airspace closures and operational disruptions affected airline operations across the Middle East. The Sharjah-based airline announced that net profit fell by 22% to Dh278 million during the January to March period, compared to Dh355 million recorded in the same quarter last year. The…
