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Month: July 2019

Posted on 01/07/2019

Dubai gold slips to 1-week low. Is it the right time to invest?

In Dubai, 22k gold is priced at Dh160.25 and 24k can be bought … Meanwhile, the dollar index gained 0.2 per cent against basket of major currencies. Hedge funds and money managers boosted their …
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Posted on 01/07/2019

UAE banks expected to report strong H1 profits

A bank in Dubai. The first quarter witnessed a surge in profitability, underpinned by increase in loans and advances, and a stabilised yield on credit. Image Credit: Ahmed Ramzan/Gulf News …
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Posted on 01/07/2019

UAE debuts the world’s largest individual solar power project

Noor Abu Dhabi will produce nearly 1.2 gigawatts of electricity. The United Arab Emirates might still be associated with oil money, but it just set a record for reducing its dependence on oil. The …
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Posted on 01/07/2019

U.N. secretary-general warns of ‘grave climate emergency’ in Abu Dhabi meeting

Guterres delivered a speech during a climate meeting in Abu Dhabi on Sunday where he called on all participants to “seize this opportunity” to take bold action against climate change and its causes. …
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