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Indian rupee slips to record low against UAE dirham, but RBI likely curbs losses

The Indian rupee declined to a record low on Thursday (Dh24.53), deepening its fall past the 90-per-dollar mark as corporate dollar sales and the lack of tangible progress towards a trade deal with the US hurt Asia's worst-performing currency.The rupee has fallen more than 5 per cent against the dollar in 2025, as US tariffs of up to 50 per cent on Indian goods have hurt exports to the country's biggest market and have diminished the appeal of local equities.Foreign investors have pulled out nea

UAE residents can now track and improve their credit score in real-time

The way UAE residents manage and understand their credit is undergoing a major transformation with Etihad Credit Bureau (ECB) rolling out sweeping reforms designed to give customers more control over their financial data and a clearer view of how their credit behaviour shapes opportunity.

Reverse home bias and the New Year resolution that can change your wealth

Every new year begins the same way.

UAE businesses continue to remain on strong growth track

Business activity across the UAE’s non-oil private sector closed 2025 on a strong footing, underlining the economy’s resilience and breadth as firms continued to benefit from firm demand, supportive government policies and sustained domestic and international interest.

India upgrades economic growth forecasts 2025-26 to 7.4%

India's economy is expected to grow 7.4% in the fiscal year ending in March, the National Statistics Office said on Wednesday, above the government's initial projection of 6.3%-6.8%.India's first advance estimate of gross domestic product (GDP), which will undergo revisions over time as data coverage improves, will be used as a base for the federal budget due to be announced on February 1.The Indian economy grew 6.5% in 2024/25 and 9.2% in 2023/24.In nominal terms, which factor in inflation, the

Dubai gold prices at record high; 24K reaches Dh550 per gram

Gold prices hit a new record in Dubai and globally as the 24K price hit Dh550 per gram at the opening of the market on Monday.The Dubai Jewellery Group data showed 24K jumping Dh7 per gram to Dh550.25, while the 22K gold price rose Dh6.5 to Dh509.5 per gram on Monday morning.Similarly, the 21K gold price rose to Dh488.75, 18K to Dh418.75 and 14K to Dh326.75 per gram.Stay up to date with the latest news. Follow KT on WhatsApp Channels.Globally, spot ‍gold broke ⁠above the psychological milestone

Is 2026 the year crypto finally moves from speculation to structural maturity?

For many people‭, ‬2025‭ ‬felt like a year the crypto market should have soared and didn’t‭. ‬Markets lagged‭, ‬prices disappointed and we started to rethink once sacred rhythms like the four year cycle‭. ‬Some analysts suggested a 5.4‭ ‬year pattern‭ (‬with hope for a final run at the bull market after all‭), ‬while others argued cycles might be replaced‭ ‬altogether by a market shaped more by institutions than solo traders‭. ‬At the same time‭, ‬by the end of the year my social media‭ ‬feeds were filled with people talking about how 2025‭ ‬was the year of the snake in Chinese zodiac‭, ‬and that in February‭, ‬we pass‭ ‬into the year of the Fire Horse‭. ‬So what if 2025‭ ‬was an important transition year‭, ‬where crypto shed its Wild West reputation like a snake sheds its skin‭, ‬in the direction of structural maturity and widespread adoption‭, ‬under the auspices of the Fire Horse’s energy‭, ‬enthusiasm and speed‭? ‬Either way‭, ‬markets are up despite geopolitical uncertainty‭, ‬an interesting development‭, ‬considering the impact of incidents in the past‭. ‬And 2026‭ ‬is shaping up to be very interesting indeed‭. ‬Here are six things I’m looking forward to‭:‬

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Crypto’s coming of age: 2026 set to redefine digital assets beyond price hype

India proposes forcing smartphone makers to give source code in security overhaul

Samsung Galaxy S26 Ultra: Expected release date, features and UAE price

All January 9 flights to Iran cancelled, Flydubai spokesperson confirms

Etihad flies a record 22.4 million passengers in 2025, launches 16 new routes

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Du reports 7.9% year-on-year increase in revenues, reaching Dh3.87 billion in Q3 2025

Emirates Integrated Telecommunications Company PJSC (du) on Thursday reported a solid financial and operational performance for the third quarter of 2025, underpinned by strong commercial momentum, disciplined execution, and strategic investments in high-growth areas.The telecom operator posted a 7.9 per cent year-on-year increase in revenues, reaching Dh3.87 billion for the quarter, driven by robust growth across its mobile, fixed, and ICT segments. Net profit rose to Dh732 million, marking a 1

UAE's mobile market set for data-driven growth as 5G subscriptions surge

The mobile services sector in the UAE is set for a steady advance over the rest of the decade as demand for high-volume data plans and widespread 5G adoption reshape how consumers and businesses use mobile networks. According to new modelling by analytics firm GlobalData, mobile service revenue in the UAE is projected to grow at a compound annual growth rate (CAGR) of 4 per cent between 2025 and 2030 — a shift driven by rising data consumption even as traditional voice revenue continues to decli

Why crude oil’s slide looks set to hit $50 this year

Oil prices are drifting lower with a stubborn sense of inevitability, weighed down by swelling supply and an unconvincing geopolitical risk premium, even after the shock of a US strike in Venezuela.From Wall Street to Mumbai, analysts are converging on a view that crude could revisit levels last seen during periods of acute oversupply, with Brent flirting with $50 a barrel by mid-year and struggling to mount a durable recovery.The immediate drag is Opec+ itself. After years of restraining output

Oil steadies as market assesses potential disruption in Iran, dealmaking for Venezuela

Oil prices steadied on Friday as concerns about potential disruption to Iran's output were offset by expectations of increased supply from Venezuela.Brent futures gained 18 cents, or 0.3 per cent, to $62.17 per barrel by 1005 GMT, while US West Texas Intermediate (WTI) crude climbed 17 cents, or 0.3 per cent, to $57.93.Both benchmarks climbed more than 3 per cent on Thursday, following two straight days of declines. For the week, Brent is on track to climb 2.3 per cent, while WTI has gained 1 pe

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Airbus CEO says Boeing likely to win order race this year

Airbus CEO Guillaume Faury conceded likely defeat in the annual order race against Boeing on Wednesday, saying it was possible Boeing would win for the first time in six years, helped by settlements over U.S. tariff disputes.Airbus remains ahead of its U.S. rival in deliveries and the pipeline of outstanding orders, Faury told France Inter. Buoyed by strong demand for its 787 long-haul jet, Boeing on Wednesday posted 908 net orders after cancellations between January and November, compared with

Warner Bros bidding war and red hot M&A market has dealmakers working through holidays

A flurry of multi-billion-dollar deals has bankers and advisers from Wall Street to Canary Wharf packing laptops next to presents and warning family and friends their holiday vacations over the next two weeks will be cut short. There have been $463.6 billion in mergers and acquisitions announced this month, 30% more than last year, including Trump Media Technology Group's $6 billion merger with nuclear fusion firm TAE Technologies, IBM's $11 billion purchase of data infrastructure company Confl

Abu Dhabi to invest Dh240 billion in infrastructure over the next 7 to 10 years

Abu Dhabi will invest Dh240 billion ($65.4 billion) over the coming years in infrastructure development, with a strong role for private-sector entities, as the emirate sees its population doubling by 2040, a senior official said on Monday.“A lot of people think infrastructure is construction, but it touches a lot of different economic sectors — hospitality, healthcare, education, construction and transportation, etc. When the government actually pumps a lot of investment into infrastructure and

YongKang International Trading Co Ltd strengthens global presence with strategic expansion into UAE’s energy storage sector

In a significant move that highlights the UAE’s growing importance as a regional energy and logistics hub, YKI – YongKang International Trading Co Ltd, a Taiwan-founded enterprise with advanced production capabilities in China, has officially expanded its operations into the UAE

India regulator alleges Bank of America breached rules in 2024 stock deal, document shows

India’s markets regulator has accused a Bank of America (BofA) unit of violating its insider trading rules and breaking internal "Chinese walls" in connection with a 2024 share sale, a notice showed.The notice followed a Securities and Exchange Board of India (SEBI) investigation into the conduct of the bank's domestic securities unit in managing a March 2024 stock sale of Aditya Birla Sun Life Asset Management (ABSL AMC).The investigation found the bank's deal team, while holding unpublished pr

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Aldar successfully prices $1 billion hybrid notes to accelerate growth agenda

Aldar has successfully priced its $1.0 billion subordinated dated hybrid notes. The transaction attracted robust demand from a global institutional investor base, underscoring confidence in Aldar’s credit profile, and earnings outlook as it continues to deliver on its transformational growth strategy.Proceeds from the issuance are intended to support the continuation of Aldar’s growth agenda and its strategic priorities, including landbank replenishment, expansion of its develop-to-hold portfoli

2025 Bentley Flying Spur Speed review: The new hybrid flagship

For over a century‭, ‬Bentley has embodied a blend of stateliness and raw ability‭, ‬earning its place in novels‭, ‬films and countless‭ ‬celebrity garages‭. ‬Among its coupés‭, ‬sedans and SUVs‭, ‬it is the Flying Spur we focus on today‭, ‬now the brand’s flagship following the Mulsanne’s retirement‭. ‬Fortune struck when I was handed the keys to a nearly Dh2‭ ‬million 2025‭ ‬Bentley Flying Spur Speed to experience its‭ ‬craftsmanship and performance‭. ‬

Europe's auto industry future may be electric even after EU climbdown

Brussels' proposal to abandon a 2035 deadline for a total shift to fully electric driving allows Europe's legacy carmakers more time to sell hybrids, but for the longer term, EVs are still the future, analysts and experts said.Last month, the European Commission published plans to abandon an effective 2035 ban on combustion engine cars, after lobbying from the region's auto sector, helping them better compete against fast-moving Chinese rivals.Plug-in hybrids, range-extended EVs, which use a sma

8 Essential Elements That Shape the Success of an Online Business in the UAE

The UAE is one of the fastest-expanding eCommerce markets in the region, with online retail continuing to gain momentum year after year. For entrepreneurs, launching an online business may seem straightforward, but sustaining growth in such a competitive environment requires much more than just listing products and waiting for sales to happen.Many new business owners focus heavily on profits from day one. While revenue is important, long-term success depends on a combination of operational, tech

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Indian rupee slips near record low amid dollar demand and Fed policy jitters

Asian Remittance Boom: How Weak Currencies Fuel Digital Money Transfers from Gulf

UAE Shoppers Rejoice: Indian Imports Set to Get Cheaper as Dirham Gains Strength

Crypto Isn't Easy – But Here's Why It's Worth the Effort

Transform Your Finances: How Monthly Savings Can Build Your Future Wealth

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ECB Warns Against Overreacting to Temporary Inflation Dip Below Target

UAE Economy Set for Strong Growth as World Bank Boosts 2026-2026 Forecasts

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Matbakhi: Revolutionizing Saudi Arabia's Hotel F&B Industry with Tech-Driven Innovation

HIMA Group: Pioneering the Digital Revolution in Industrial Safety

Dollar Tumbles as Fed Rate Cut Hopes Grow Amid Trade War Uncertainty

UK M&A Boom: Global Investors Rush to Snap Up Undervalued British Firms

Gold Prices in UAE Edge Lower but Remain Near Two-Month High Amid Middle East Tensions

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How a Terrifying Financial Meeting in My 40s Taught Me the Power of Patience

The memory still makes my palms sweat. There I was in my early 40s, sitting across from a financial advisor in Dubai, completely unprepared for the emotional gut-punch that was coming. I'd built a successful career abroad, earned good money, and finally felt ready to secure my future. Then she took out a pen.

Why Crypto Investing Feels Like Walking on Eggshells – And How to Survive It

Investing in cryptocurrency should be exciting, but for many of us, it's more like navigating a minefield blindfolded. No matter how much I learn, the process never feels simple or secure. After years of sticking to major exchanges, I finally dipped my toes into decentralized platforms—only to realize I was completely out of my depth. Every transaction leaves me second-guessing myself, acutely aware that one wrong move could mean irreversible losses with no customer service hotline to call. The

E& Enterprise and Microsoft Forge Powerful AI Alliance to Accelerate Digital Transformation Across MENAT

In a landmark collaboration set to reshape the technological landscape, E& Enterprise, the digital transformation powerhouse of global technology conglomerate e&, is significantly expanding its strategic alliance with Microsoft. This strengthened partnership places artificial intelligence at the forefront of regional development, with both tech leaders committing to accelerate AI adoption through cutting-edge solutions tailored for key markets throughout the Middle East, North Africa and Turkey (MENAT) region.

FutureSec Summit 2026: Shaping the Next Era of Cybersecurity Innovation in Dubai

The stage is set for the region's premier cybersecurity gathering - FutureSec Summit 2026, poised to transform Dubai into a global hub for digital defense innovation on June 25. Organized by Khaleej Times, this landmark event will unite industry pioneers, AI experts, and infrastructure specialists around the critical theme of 'Innovation, Resilience and Ethical Vigilance'. As digital threats evolve at unprecedented speed across Middle Eastern networks, FutureSec emerges as the definitive platfor

The iPad Revolution: How iPadOS 26 Finally Bridges the Gap Between Tablet and Computer

The debate is over. After years of speculation, Apple's latest operating system — iPadOS 26 — transforms the iPad into something extraordinary: not just a tablet, but a full-fledged computing powerhouse that redefines what mobile devices can achieve.

Tata Group Announces Rs10 Million Compensation for Air India Crash Victims' Families

[Editor's Note: Follow our live blog for all the latest updates on the Ahmedabad plane crash.] In a heartfelt response to today's devastating aviation disaster, Tata Group has pledged Rs10 million in compensation to each family who lost loved ones in the Air India flight tragedy. The catastrophic incident occurred moments after takeoff when the London-bound aircraft carrying over 240 passengers and crew plunged into a medical college compound. Emergency responders rushed to the scene as smoke b

UAE Travelers Express Anxiety After Ahmedabad Plane Crash, Yet Choose to Fly

Passengers departing from UAE airports experienced a wave of unease on Thursday following reports of an aircraft accident at Ahmedabad's airport. While the unsettling news cast a shadow over travel plans, many determined flyers opted to proceed with their journeys despite lingering concerns. Among those affected was Shah, a Sharjah-based gold merchant preparing for his evening flight when the alert flashed across his smartphone screen. In the midst of finalizing gift purchases and last-minute pa

Dubai and Sharjah Residents Face Internet Disruptions: Du Responds to Outage Reports

Hundreds of households across Dubai and Sharjah experienced frustrating internet disruptions on Saturday, with many residents taking to social media to voice their concerns about the unexpected service outage.