Tesla to launch in Saudi Arabia as Musk, kingdom mend relations

Tesla’s launch event in Riyadh, scheduled for April 10, will display its EVs and products powered by solar energy

Big changes ahead: Airlines tighten rules for power banks, phones

Aviation has long recognised the batteries as a safety concern, and rules are periodically tightened in response to accidents

UAE commits to $1.4tn US investment, White House says

The UAE will increase its existing investments in AI infrastructure, semiconductors, energy and manufacturing, the White House said

Eid Al Fitr 2025: GCC countries announce long holidays

March 30 is expected to be the first day of Eid al-Fitr 1446 AH in Qatar

Huge fire closes UK’s Heathrow Airport, global flight schedules disrupted

Around 150 people were evacuated from nearby buildings and thousands of properties were without power

Gold rate: Will prices rise this week?

Gold climbs to record high: How are Trump’s policies responsible for it?

Spot gold was little changed at $3,048.37 an ounce as of 0350 GMT, after hitting an all-time high of $3,055.96 earlier in the session

Citigroup reduces bonuses paid in 2024 for regulatory fixes

In 2024 the committee paid 68 per cent of the maximum bonus amount, which was not disclosed by the bank, lower than in the previous two years

google arabia launches Ai accelerator programme GettyImages-1253689390

Google’s $32bn deal for Wiz accelerated under Trump

Google sweetened its original offer for $23bn in July to $32bn, making it one of the largest tech deals ever

Delhi airport operator sues govt over flights from defence airbase

The airport is one of India’s busiest, with about 73.6 million passengers using it last year, though it made a loss of $21m because of higher government fees

UAE suspends 32 gold refineries for AML/CTF lapses

UAE 24K gold price hits Dhs360 per gram: Will the rally continue?

Bullion is on track for a second consecutive weekly increase, with a 2.5 per cent gain so far

Crypto payments outfit Ripple secures key Dubai licence

The entity, a leader in enterprise blockchain and crypto solutions, will be the first blockchain-enabled payments provider licensed by the DFSA

These Asian airlines have just banned power banks onboard

Last year three incidents a fortnight of overheating lithium batteries on planes were recorded globally by the US Federal Aviation Administration

Abu Dhabi’s MGX makes $2bn crypto investment in Binance

The deal, which Binance called its first institutional investment, is one of the largest ever in the crypto industry

Dubai's DET, Amazon launch accelerator for SMEs

Amazon, Google sign pledge to support tripling of nuclear energy capacity by 2050

Shale company Occidental and Japanese heavy machinery maker IHI Corp also added their names to the pledge

Pakistan pauses rate cuts, but likely not for long

Economists said the government should shift its focus to implementing economic reforms as interest rate cuts are not the elixir for growth

Musk’s Starlink, India’s Reliance sign surprise satellite internet deal

The deal follows a similar partnership announcement between Starlink and India’s No. 2 telecom player Bharti Airtel a day before

Meta

Facebook owner Meta begins testing its first in-house AI training chip

Meta, which also owns Instagram and WhatsApp, has forecast total 2025 expenses of $114bn to $119bn, including up to $65 billion in capital expenditure

Image credit: Getty Images

Gold rises as dollar, treasury yields fall; US data awaited

Spot gold rose 0.3 per cent to $2,898.27 an ounce as of 0501 GMT, while US gold futures firmed 0.1 to $2,902.50

Jaywan-Visa partnership: How will these debit, prepaid cards benefit customers

Both Al Etihad Payments and Visa will be working with financial institutions, fintech companies, and merchant partners to issue the co-badged cards to their customers

World gold council and DMCC sign agreement to advance UAE's gold sector Image Getty Images

Why are gold prices rising? Find out the reason for the surge

The dollar index wallowed near a four-month trough as the US exempted automakers from the 25 per cent tariffs on Canada and Mexico for a month

Oil prices surge after OPEC + extends output cuts

Oil falls as market eyes OPEC+ output increase, US tariffs

Brent futures fell 24 cents, or 0.3 per cent, to $70.80 a barrel at 0500 GMT

Gold Price, Commodities Investment

Gold prices surge again: Will the trend continue?

The US central bank held interest rates steady in its last meeting

Bitcoin ETFs take $50bn baby steps toward big-time

Bitcoin falters as optimism wanes on Trump’s crypto reserve plan

The world’s largest cryptocurrency, bitcoin, rose 2.4 per cent from Friday’s levels, to $86,292, but was down 8 per cent from Sunday.

Trump administration: How has it affected Crypto markets

Trump hits Canada, Mexico, China with steep tariffs

The tariff actions, which could upend nearly $2.2 trillion in two-way annual US trade went live at 12:01am EST (0501 GMT)

Emirates flies higher: 3 new destinations to be explored in Asia

The convenient flight schedules will offer travelers optimised connections and access to major European cities

Bitcoin breaches $64,000 as records beckon

Bitcoin jumps, shares cling to hopes for tariff relief

US President Donald Trump on social media announced five digital assets he expected to include in a new reserve, including bitcoin, ether, XRP, solana and cardano

Sarah McEvitt of Alvarez & Marsal, Middle Easton Insights: Trump's tariffs and implications for Middle East businesses

Insights: Trump’s tariffs and implications for Middle East businesses

For Middle Eastern businesses trading with the US, it is crucial to prepare now for potential shifts in trade policies

World gold demand rises in q2 2024 Image Getty Images

Gold set for biggest weekly drop since November: Good time to invest?

The dollar index was set for a weekly gain of 0.7 per cent so far, making greenback-priced gold more expensive for foreign buyers

Bitcoin tops $72,000 as demand frenzy intensifies

Bitcoin slides more than 5% to lowest since November 11

The world’s largest cryptocurrency has shed a quarter of its market value since mid-December

MENA M&A: Region sees 701 deals worth $92.3bn in 2024

MENA M&A: Region sees 701 deals worth $92.3bn in 2024

Saudi Arabia also remained a prime investment hub, contributing to a combined 318 deals with the UAE, valued at $29.6bn