Latest news with #Dh359
Gulf News
05-05-2025
- Business
- Gulf News
Gold prices spike in Dubai: Why UAE shoppers should wait until Thursday
Dubai: The Dubai Gold Rate has risen by Dh3.5 a gram to start the week, with a gram of 22K selling at Dh365 (and Dh394 for 24K), in what will be a huge disappointment for shoppers who were expecting prices to soften. Today's rate is still lower than last Monday's (April 28) Dh371, but all through last week the trend was for the local gold rate to drop. On May 1, it was at Dh359. 'Shoppers would have been expecting gold to slip to around Dh350-Dh355 levels, so to see prices around Dh365 will be a huge blow to sales this week if this trend continues,' said a jeweller. 'Even tourist demand will come in lower. The only hope is that some of the planning wedding purchases materialize.' 'Wait until Thursday' This week, gold buyers/investors will be better off waiting to see the outcome of the next US Federal Reserve Meeting, which will decide on whether retain interest rates at current levels or cut them. (President Trump has been vocal about the need for lower interest rates, which added to the market turbulence seen last month.) Hoping for gold demand spike in June The UAE gold trade is also hopeful that closer to June, there will be some pick up in gold buying activity, especially with a sizable section of the resident base planning their holiday trips after schools close. (At those times, buying gold and then selling them at a profit in their home countries has been a traditional pattern.) In fact, all trends suggest there should be some weakening in gold prices short-term. All that frenzied market movements over Trump tariffs have subsided to a good extent. The US dollar's still on the lower side but still at levels seen last week. Currently, in the global metals market, gold is trading at $3,266 an ounce, up nearly $30 so far. US Fed meeting Gold analysts say that today's rise has everything to do with the US Federal Reserve meeting scheduled for Wednesday. In recent times, there has always been a gold price spike ahead of such meetings.
The National
27-04-2025
- Automotive
- The National
Best photos of April 27: TCS Marathon in London to massive explosion in southern port in Iran
Engine: Dual 180kW and 300kW front and rear motors Power: 480kW Torque: 850Nm Transmission: Single-speed automatic Price: From Dh359,900 ($98,000) On sale: Now Engine: 2.0-litre 4cyl turbo Power: 248hp at 5,200rpm Torque: 400Nm at 1,750-4,000rpm Transmission: 8-speed auto Fuel consumption: 9.1L/100km On sale: Now Price: From Dh149,900 %3Cp%3E%0DIf%20Catherine%20Richards%20debuts%20for%20Wales%20in%20the%20Six%20Nations%2C%20she%20will%20be%20the%20latest%20to%20have%20made%20it%20from%20the%20UAE%20to%20the%20top%20tier%20of%20the%20international%20game%20in%20the%20oval%20ball%20codes.%0D%3Cbr%3E%20%0D%3Cbr%3E%3Cstrong%3ESeren%20Gough-Walters%20(Wales%20rugby%20league)%3C%2Fstrong%3E%0D%3Cbr%3EBorn%20in%20Dubai%2C%20raised%20in%20Sharjah%2C%20and%20once%20an%20immigration%20officer%20at%20the%20British%20Embassy%20in%20Abu%20Dhabi%2C%20she%20debuted%20for%20Wales%20in%20rugby%20league%20in%202021.%0D%3Cbr%3E%20%0D%3Cbr%3E%3Cstrong%3ESophie%20Shams%20(England%20sevens)%3C%2Fstrong%3E%0D%3Cbr%3EWith%20an%20Emirati%20father%20and%20English%20mother%2C%20Shams%20excelled%20at%20rugby%20at%20school%20in%20Dubai%2C%20and%20went%20on%20to%20represent%20England%20on%20the%20sevens%20circuit.%20%0D%3Cbr%3E%20%0D%3Cbr%3E%3Cstrong%3EFiona%20Reidy%20(Ireland)%3C%2Fstrong%3E%0D%3Cbr%3EMade%20her%20Test%20rugby%20bow%20for%20Ireland%20against%20England%20in%202015%2C%20having%20played%20for%20four%20years%20in%20the%20capital%20with%20Abu%20Dhabi%20Harlequins%20previously.%0D%3C%2Fp%3E%0A Produced by: Colour Yellow Productions and Eros Now Director: Mudassar Aziz Cast: Sonakshi Sinha, Jimmy Sheirgill, Jassi Gill, Piyush Mishra, Diana Penty, Aparshakti Khurrana Star rating: 2.5/5 Dos Wear the right fabric for the right season and occasion Always ask for the dress code if you don't know Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work Wear 100 per cent cotton under the kandura as most fabrics are polyester Don'ts Wear hamdania for work, always wear a ghutra and agal Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying Name: Lamsa Founder: Badr Ward Launched: 2014 Employees: 60 Based: Abu Dhabi Sector: EdTech Funding to date: $15 million Updated: April 27, 2025, 12:25 PM
The National
09-04-2025
- Automotive
- The National
Shadi's take on the coming US-Iran nuclear talks
Price, base: Dh359,200 Engine: 2.9L twin-turbo V6 Transmission: Eight-speed automatic Power: 450hp at 5,700rpm Torque: 600Nm at 1,900rpm Fuel economy, combined: 8.7L / 100km Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder Power: 220 and 280 horsepower Torque: 350 and 360Nm Transmission: eight-speed automatic Price: from Dh136,521 VAT and Dh166,464 VAT On sale: now Founders: Iheb Triki and Mohamed Ali Abid Investment raised: $4 million Favourite book: 'Purpose Driven Life' by Rick Warren Favourite travel destination: Switzerland Hobbies: Travelling and following motivational speeches and speakers Favourite place in UAE: Dubai Museum Second Test Pakistan v Australia, Tuesday-Saturday, 10am daily at Zayed Cricket Stadium, Abu Dhabi Entrance is free 1. Black holes are objects whose gravity is so strong not even light can escape their pull 2. They can be created when massive stars collapse under their own weight 3. Large black holes can also be formed when smaller ones collide and merge 4. The biggest black holes lurk at the centre of many galaxies, including our own 5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed %3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%203S%20Money%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20London%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ivan%20Zhiznevsky%2C%20Eugene%20Dugaev%20and%20Andrei%20Dikouchine%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%245.6%20million%20raised%20in%20total%3C%2Fp%3E%0A More than 2.2 million Indian tourists arrived in UAE in 2023More than 3.5 million Indians reside in UAEIndian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions Director: Navdeep Singh Stars: Saif Ali Khan, Manav Vij, Deepak Dobriyal, Zoya Hussain Rating: 2/5 4.35pm: Tilal Al Khalediah 5.10pm: Continous 5.45pm: Raging Torrent 6.20pm: West Acre 7pm: Flood Zone 7.40pm: Straight No Chaser 8.15pm: Romantic Warrior 8.50pm: Calandogan 9.30pm: Forever Young %3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EOlive%20Gaea%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Vivek%20Tripathi%2C%20Jessica%20Scopacasa%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ELicensed%20by%3A%20%3C%2Fstrong%3EDubai%20World%20Trade%20Centre%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Climate-Tech%2C%20Sustainability%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%241.1%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3ECornerstone%20Venture%20Partners%20and%20angel%20investors%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%208%3Cbr%3E%3C%2Fp%3E%0A Creator: Mike White Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell Rating: 4.5/5 %3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Belong%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Michael%20Askew%20and%20Matthew%20Gaziano%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Technology%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%3C%2Fstrong%3E%20%243.5%20million%20from%20crowd%20funding%20and%20angel%20investors%3Cstrong%3E%3Cbr%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2012%3C%2Fp%3E%0A Grade 9 = above an A* Grade 8 = between grades A* and A Grade 7 = grade A Grade 6 = just above a grade B Grade 5 = between grades B and C Grade 4 = grade C Grade 3 = between grades D and E Grade 2 = between grades E and F Grade 1 = between grades F and G
The National
18-03-2025
- Business
- The National
Wizz Air Abu Dhabi bets on Lebanon tourism recovery with new Beirut route
Wizz Air Abu Dhabi is betting on the swift recovery of tourism in Lebanon as it expands its network with a new route to Beirut, following a ceasefire deal that ended more than a year of conflict between Israel and Hezbollah. The ultra-low cost airline will start flights from Abu Dhabi to the Lebanese capital three times a week starting on June 4, it said on Tuesday. Its entry into the market "is a sign of Lebanon normalising and focusing back again on VFR [visiting friends and relatives] traffic, but also building tourism back in the region. This is a sign of how consumers are reacting and how demand for Lebanese routes is increasing", Johan Eidhagen, managing director of Wizz Air Abu Dhabi, told The National. Tourism to Lebanon will recover "relatively fast" with the Middle East as a tourism destination growing "massively", he added. Tourism is a major pillar of Lebanon's crisis-hit economy. The country's real gross domestic product contracted by 7.1 per cent last year because of the war, 'a significant setback compared to a no-conflict growth estimated at 0.9 per cent', a recent World Bank report said. The country's GDP has declined nearly 40 per cent since 2019, with the war further compounding the economic crisis. Reconstruction and recovery will cost about $11 billion, with $3 billion to $5 billion needed to be publicly financed, including $1 billion for the country's infrastructure alone. Private financing is required for about $6 billion to $8 billion of the costs, mostly in the housing, commerce, industry and tourism sectors, the World Bank said earlier this month. Mr Eidhagen said the timing was right for Wizz Air Abu Dhabi to start Beirut flights amid "increased normalisation in the region" after a ceasefire deal led to a pause in the Israel-Gaza war and the fall of the Assad regime in Syria. "We felt this was the right time to come in, plus at the same time, we had the ability to add capacity into the market," Mr Eidhagen said. The market debut is a "sign of us believing that the market will return to normalisation quickly and also that we can help fuel this". Wizz Air will use its Airbus A321 narrow-body aircraft with 230 seats on the Beirut flights. They are high-density aircraft that require more passengers to fill, and have been chosen because "we can see that there's demand and the need for capacity in the market", he said. One-way tickets from Abu Dhabi to Beirut start at Dh359, which, the airline says, is 40 per cent cheaper than current flight prices on that route, with the aim of encouraging passengers to take more frequent trips. "We are adding a new passenger profile to the mix, people who haven't been able to travel affordably before, because we can bring in a lower price level than what's currently available on this route, which will allow people to travel more that they were doing before," Mr Eidhagen said. The airline is aiming to attract the large Lebanese diaspora living in the UAE and holidaymakers taking short trips to Beirut, he added. "I think, we will operate straight from the beginning with relatively high load factors, but Rome wasn't built in a day ... This is an investment in the future, not an investment in the summer. We're trying to build a market for point-to-point, low-cost travel between the UAE and Lebanon," Mr Eidhagen said. "While there's a lot of traffic between UAE and Beirut, the frequency of travel is still relatively small and we believe that by making the route more affordable, people will be incentivised to travel more often or take more of these shorter trips." Load factor, or a measure of how well an airline fills available seats, on a new route usually starts in "mid to high" 80 per cent before growing to more than 90 per cent. Wizz Air Abu Dhabi has suspended its Athens route for the summer season to "give room for new routes" such as Beirut and Milan that will start in June, Mr Eidhagen said. Wizz Air Abu Dhabi on Tuesday also announced a new destination to Gabala, Azerbaijan, starting on June 19. "We have been operating to Baku and adding Gabala is a very strong product ... it's a great destination for those who want to get away from the sun and get into a colder climate. It's unexplored and a fantastic destination," Mr Eidhagen said. Wizz Air Abu Dhabi, a joint venture between Hungary's Wizz Air Holding and Abu Dhabi state holding company ADQ, has an air operator certificate in the UAE and launched operations in 2021, during the pandemic. The airline's network takes in 34 destinations served by a fleet of 12 Airbus A320 and A321 aircraft.
The National
27-02-2025
- Automotive
- The National
Best photos of February 27: F1 in Bahrain to Academy Awards preparations
Engine: Dual 180kW and 300kW front and rear motors Power: 480kW Torque: 850Nm Transmission: Single-speed automatic Price: From Dh359,900 ($98,000) On sale: Now The UAE government announced a retirement savings plan for private and free zone sector employees in 2023. Dubai's savings retirement scheme for foreign employees working in the emirate's government and public sector came into effect in 2022. National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning. In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement. Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits. Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021. The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution. These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park. 'It will allow real-time responding for emergency cases,' said Khaldoon Al Daraji, first environment safety officer at the municipality. 'We're in a good position except for the cases that are out of our hands, such as sandstorms. 'Sandstorms are our main concern because the UAE is just a receiver. 'The hotspots are Iran, Saudi Arabia and southern Iraq, but we're working hard with the region to reduce the cycle of sandstorm generation.' Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai. There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities. 'There are 25 stations in total,' Mr Al Daraji said. 'We added new technology and equipment used for the first time for the detection of heavy metals. 'A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.' Director: Matty Brown Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea Rating: 2.5/5 BMW X7 xDrive 50i Engine: 4.4-litre V8 Transmission: Eight-speed Steptronic transmission Power: 462hp Torque: 650Nm Price: Dh600,000 %3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EEric%20Barbier%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EYoussef%20Hajdi%2C%20Nadia%20Benzakour%2C%20Yasser%20Drief%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A Ensure decoration and styling – and portal photography – quality is high to achieve maximum rates. Research equivalent Airbnb homes in your location to ensure competitiveness. Post on all relevant platforms to reach the widest audience; whether you let personally or via an agency know your potential guest profile – aiming for the wrong demographic may leave your property empty. Factor in costs when working out if holiday letting is beneficial. The annual DCTM fee runs from Dh370 for a one-bedroom flat to Dh1,200. Tourism tax is Dh10-15 per bedroom, per night. Check your management company has a physical office, a valid DTCM licence and is licencing your property and paying tourism taxes. For transparency, regularly view your booking calendar. Date started: March 2013 Founder: Hussam Hammo Based: Amman, Jordan Employees: 55 Funding: $6m Funders: Wamda Capital, Modern Electronics (part of Al Falaisah Group) and North Base Media Name: HyperSpace Started: 2020 Founders: Alexander Heller, Rama Allen and Desi Gonzalez Based: Dubai, UAE Sector: Entertainment Number of staff: 210 Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners Updated: February 27, 2025, 1:33 PM
