Economy

Gold prices surge in Dubai, will it rise further?

Gold rallied to the highest level in nearly three weeks on Tuesday after a strong debate performance from French centrist presidential candidate Emmanuel Macron and as fading expectations for near-term US interest rate hikes pushed the dollar lower. The price of 24K gold in Dubai has been on an upward swing this week, touching Dh150.75 […]

Business Economy

Wheel of Fortune favours Dubai

Emirate remains most popular destination in MEA for the world’s largest 500 firms to set up regional HQ Tax breaks, business transparency, low Customs fees, and favourable fiscal and economic environments are the primary reasons behind a growing number of Fortune-500 companies establishing their regional headquarters in Dubai, a new study explains. Infomineo, a business […]

Economy

Economy

Real estate and property The property boom is driven by mega-projects, whether off-shore such as The Palm and The World or inland such as Dubai Marina, the Burj Dubai Complex, Business Bay and Dubailand. The government’s decision to diversify from a trade-based but oil-reliant economy to one that is service- and tourism-oriented has made real […]