Dubai Gold Prices Ease as Inflation Concerns and Higher Oil Prices Weigh on Market

Dubai gold prices eased on Wednesday as renewed inflation concerns weighed on precious metals. Rising oil prices also added pressure to the market. The 24-karat gold rate reached Dh523.50 per gram at the market opening. That marked a decline from Dh526 per gram at Tuesday's close. Meanwhile, 22-karat gold traded at Dh484.75 per gram. The 21-karat rate stood at...

Emaar Property Sales Slow as Dubai Developer Relies on Strong Cash Reserves and AED165 Billion Backlog

Emaar property sales have slowed sharply in 2026 as regional tensions affect buyer confidence. However, Dubai's major developer continues to report strong financial results....

Saudi Arabia Orders 3,400 Railcars in $600 Million Deal to Expand Freight Capacity andStrengthen National Logistics Network

Saudi rail expansion is gaining momentum as Saudi Arabia orders 3,400 railcars in a $600 million deal. The purchase will strengthen freight capacity across...

Global Airport Traffic Hits Record 9.8 Billion Passengers as Middle East Travel Falls 21%

Global airport traffic reached record levels in 2025, but the aviation industry faces a tougher year in 2026. Global airport traffic reached 9.8 billion...

Dubai Rental Rents Fall as Tenants Choose New Homes for Savings of Up to 15 Percent

Dubai rental rents are changing tenant decisions as new contracts offer significant savings. More residents are now choosing new homes instead of renewing existing leases. New rental agreements exceeded renewals during July and August. This marked the first such shift since records began in January 2023. The change follows three years of stronger renewal activity. Meanwhile, tenants have increasingly...

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Omani-Italian Cooperation Strengthened at 46th GCC Summit

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 Boost Baghdad Tourism: Iraq Opens Mövenpick Hotel

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