Latest news with #Dh277
Khaleej Times
24-03-2025
- Business
- Khaleej Times
UAE: Gold prices slip in early trade on first trading day of the week
Gold prices slipped at the opening of markets in Dubai on the first trading day of the week due to a stronger US dollar as investors await fresh catalysts. At 9am UAE time, the 24K variant of the yellow metal fell to Dh363.75 per gram, down from Dh364.5 per gram at the close of markets over the weekend. Among the other variants, 22K dropped to Dh337, 21K to Dh323 and 18K to Dh277 per gram. Globally, gold was trading at $3,022.39 per ounce, down 0.62 per cent. Fadi Al Kurdi, CEO of FFA Kings, said strong safe-haven demand driven by heightened tensions in the Middle East led the bullion to break record highs last week. 'This ongoing instability is likely to continue weighing on investor sentiment and supporting gold's appeal. In Eastern Europe, hopes for diplomatic progress between Russia and Ukraine provided some relief. However, renewed Russian strikes on civilian infrastructure have tempered optimism, keeping markets on alert,' said Al Kurdi. Meanwhile, the Federal Reserve's cautious tone may limit gold's upside. 'Persistent trade tensions could stoke inflationary pressures, and prompt the Fed to adopt a hawkish stance. However, signs of an economic slowdown may encourage a looser policy stance, providing renewed support for gold,' he added.
The National
21-03-2025
- Business
- The National
Sheikh Hamdan announces Dh277m bonuses for Dubai government employees
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has announced Dh277 million in performance-related bonuses for the emirate's government staff. Sheikh Hamdan revealed the bonuses in a post on social media platform X, in which he praised government employees for their dedication and commitment. 'We have approved AED 277 million in performance-based bonuses for civilian employees of Dubai Government entities,' Sheikh Hamdan said. 'To the Dubai Government team, your dedication and commitment have been key to Dubai's success, constantly raising excellence in government service. We are confident that with your efforts, Dubai will continue to rise on the global stage.' The bonus scheme is the culmination of the emirate's achievements over the past year, reported state news agency Wam. It added that the scheme reflected the efficiency of government performance in helping to enhance Dubai's competitiveness while solidifying its position as one of the most advanced and innovative cities in the world.
Al Etihad
21-03-2025
- Business
- Al Etihad
Dubai: Hamdan bin Mohammed approves Dh277 million in performance-based bonuses for civilian employees
21 Mar 2025 17:34 DUBAI (ALETIHAD)Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, has approved the distribution of performance-based bonuses totalling Dh277 million for civilian employees of Dubai Government bonus will be granted to qualifying employees based on specified generous initiative comes as a culmination of the achievements the emirate has made over the past year, reflecting the efficiency of government performance and contributing to enhancing Dubai's competitiveness while solidifying its position as one of the most advanced and innovative cities in the world. It also reaffirms leadership's appreciation for government employees as key contributors to these Highness Sheikh Hamdan said this initiative reflects the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum and his commitment to fostering talent and encouraging peak enhances productivity and quality, driving Dubai's growth while solidifying its status as the world's top destination for work and living, with the government dedicated to providing a thriving work environment and launching initiatives that inspire creativity and Dubai government is dedicated to providing all essential resources to ensure a dignified life for Emirati families and government employees, supporting their stability and future prosperity. It also aims to promote a supportive environment for all employees while attracting top talent and expertise to drive the continuous development of Dubai's government sector. This reflects the Dubai government's continuous efforts to enhance performance excellence, strengthening its position among the world's top and most successful governments, renowned for its efficiency in public services and institutional performance, and reinforcing Dubai's status as a pioneering, leading, and innovative government.
Khaleej Times
21-03-2025
- Business
- Khaleej Times
Sheikh Hamdan announces Dh277 million performance bonus for Dubai government civil servants
Civil servants working with the Dubai Government will get a performance bonus, the emirate's Crown Prince announced on Friday, March 21. In a tweet, Sheikh Hamdan said that a bonus of Dh277 million has been approved by Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai. The leader appreciated the efforts of civil servants and said, "your dedication and commitment have been key to Dubai's success, constantly raising excellence in government service."
