Dubai: Is buying gold turning out to be cheaper in India than it is in the UAE? “No way!” say gold traders and retailers in the UAE. And they are quite emphatic…
Category: Retail
Save money grocery shopping in Dubai: Buy chicken on Monday, seafood on Wednesday
Dubai: When studying prices over the last three-plus years, Your Money has found that the cost of food items stayed largely in check. When analysing the cost of poultry, seafood, fruits and vegetables,…
UAE supermarket operator Spinneys hits Dh2.29 billion in 9-month revenues
The DFM-listed supermarket operator recently added Saudi Arabia to its network, and with the first sighting of returns showing up. Spinneys recently paid an interim dividend of Dh102.6 million, or 2.85 fils…
Gold price makes sudden spike after $100 drop – what next for 'safe-haven' asset?
The UAE gold rate is now at Dh301 for a gram of 22K, after dropping by over Dh10 to below Dh300 when the votes for the US Presidential election showed Donald Trump heading for…
Trump 2.0 effect: Gold buyers breathe easy after biggest one-day price drop in three years
While Trump’s decisive win is expected to pave the way for a series of business-friendly measures, though analysts warn that such moves – along with the pledge to impose import duties –…
ADNOC awards Dh720 million contracts for manufacturing in UAE
The contract awards to 11 companies were enabled by ADNOC’s In-Country Value (ICV) programme and support the Make it in the Emirates (MIITE) initiative. Separately, ADNOC’s partners inaugurated eight UAE manufacturing facilities…
Americana Restaurants confirms TGI Fridays' UAE, Gulf operations will continue despite US bankruptcy
Dubai: The ADX- and Tadawul-listed Americana Restaurants confirmed there are no plans to wind down its TGI Fridays’ restaurants in the Gulf and Egypt markets. The statement comes after the parent company…
Gold prices crash, US stocks soar as 'Trump trade' takes over
Dubai: Gold prices have come crashing down as global markets enter a ‘Trump trade’ reset. After shooting up to its highest-ever $2,790 an ounce level last week, gold has dropped to $2,655…
Supermarket operator Carrefour shutters Jordan outlets after boycott calls
Amman: Carrefour is closing all its supermarket outlets in Jordan, after mounting calls from the Boycott, Divestment, and Sanctions (BDS) movement targeting the retailer over the ongoing Gaza conflict and alleged support…
LuLu Retail IPO: Individual investors will benefit from no change to 10% allocation
The stock sale closes today (November 5), with all indications suggesting that it would have one of the highest oversubscription numbers for a UAE IPO. LuLu is expected to announce the final…