Sales staff and customers inside a jewellery showroom in Kochi, India. Reuters
Trade anxiety and escalating tensions between the United States and Iran sent gold soaring to a six-year high on Tuesday, and saw traders dive back into safe-harbour government bonds and the yen and Swiss franc at the expense of the dollar.
Gold prices rose on Monday to their highest in more than two months as heightened Sino-US trade tensions and Washington's threat of tariffs on Mexico stoked worries of a global recession and drove
Gold prices rose on Thursday, drawing closer to their highest levels this year on increased expectations of a US rate cut, even as some investors locked in profits from bullion’s recent rally.
The Sharjah Entrepreneurship Center (Sheraa) is launching ‘UCAN’ or the Ubuntu Care And Nurture initiative with a $250,000 equity-free prize purse open to top startups from the Middle East and Africa.
The UAE property sector is getting momentum as more developers are launching new projects to boost the industry and mitigate the impact of COVID-19.
Dubai non-oil trade continued its growth against the current crisis. Being a hub for gold and diamond trading and making, Dubai made Dhs67.1 billion from gold and diamond air-cargo trade between March and the end of June 2020.