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UBS Says Wealthy Clients Lost Some Interest in Private Credit
UBS Group AG Chief Financial Officer Todd Tuckner said that recent developments have cooled excitement among the lender’s rich clients about private credit, adding to the challenges facing the asset class.
Mohammed bin Rashid launches UAE programme to boost supply chain resilience
Dubai: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the launch of a National Programme to Strengthen Supply Chain Resilience in the UAE, a strategic initiative designed to enhance economic security and reinforce the country’s global competitiveness.The programme seeks to safeguard the UAE’s long-term adaptability and sustainability by ensuring reliable access to essential goods, including food, medical supplies...
Housing Secretary rules out rent controls as Iran cost of living crisis looms
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Cheaper, cleaner electric trucks overhaul China's logistics
At a dusty lot an hour outside Beijing, a steady stream of vehicles come and go for a quick battery charge -- just one node in China's rapidly expanding network of electric trucks.While the country's prowess in electric passenger vehicles has long been known globally, electric trucks have only recently gained traction.Now powered by extensive charging and battery-swapping infrastructure, the cost structures clearly favour electric models, experts say, in a potentially fatal blow for conventional...
Dubai eases residency rules, removes minimum property value threshold
Dubai has eased requirements for a two-year real estate investor residency visa, removing the minimum property value threshold for sole owners while introducing a Dh400,000 minimum per investor for jointly owned investments, in a move aimed at widening investor access.Under updated rules issued by the Dubai Land Department via its Cube platform, the previous Dh750,000 minimum for individual property ownership has been scrapped, provided the applicant is the sole owner of the asset.Get updated fa...
Philippines to benefit from UAE’s Opec exit, increased oil exports, says analyst
The Philippines may have a reason to be optimistic about UAE’s departure from Opec and Opec+ if it would lead to increases in oil production and exports to countries in dire need of steady supply, an independent economic analyst said.Struggling with fuel supplies due to the Middle East war and constriction of the Strait of Hormuz, the Philippines may benefit from UAE’s decision should the move translate to becoming a greater crude oil source for the Southeast Asian country, Sonny Africa, executi...
Lloyds takes £151m hit from Iran war as it forecasts rise in UK unemployment
Bank expects its base case for GDP growth to be 0.5% this year, lower than IMF’s 0.8% prediction for BritainBusiness live – latest updatesLloyds has warned that the economic fallout from the Middle East conflict could cost it £151m amid rising unemployment and inflation and a slowdown in the housing market.The FTSE 100 group, whose brands include Lloyds Bank, Halifax and Bank of Scotland, issued a downbeat economic forecast that it said reflects the stagflationary consequences – the double hit o...
Interest rates expected to hold steady at Fed meeting likely to be Powell's last as chair
EconomyInterest rates expected to hold steady at Fed meeting likely to be Powell's last as chairThe Federal Reserve is also grappling with the economic impact of a global energy shock triggered by the U.S.-Israel war with Iran.Listen to this article with a free account00:0000:00Federal Reserve Chair Jerome Powell speaks at the Federal Reserve on March 18.Anna Moneymaker / Getty ImagesShareAdd NBC News to GoogleApril 29, 2026, 5:00 AM EDTBy Steve KopackThe Federal Reserve is expected to keep...
Adani’s Giant Copper Plant Hit By Technical Woes in First Year
Billionaire Gautam Adani’s $1.2 billion copper plant has hit a string of technical setbacks since it was commissioned ten months ago, raising concerns about the future of an operation vital to adding supply outside China.
It's set to be Jerome Powell's last meeting as Fed chair -- as a big change looms
Economy It's set to be Jerome Powell's last meeting as Fed chair — as a big change looms April 29, 20265:00 AM ET Scott Horsley The Senate Banking Committee votes Wednesday on Kevin Warsh's nomination to serve as the next chairman of the Federal Reserve. Andrew Harnik/Getty Images North America hide caption toggle caption Andrew Harnik/Getty Images North America Change is coming to the Federal Reserve — even as interest rates are expected to hold steady. Economy Trump keeps pressuring the...
Want career growth in 2026? LinkedIn reveals India's top 25 companies to join
Want career growth in LinkedIn reveals Indias top companies to join
Dubai Chamber of Commerce and CBD host open dialogue on banking solutions for businesses - Emirates 24|7
Dubai Chamber of Commerce and CBD host open dialogue on banking solutions for businesses Emirates 24|7
China’s Mega Banks Post Increased Profits in First Quarter
China’s largest state-owned lenders reported increased first-quarter earnings, as the industry seeks to emerge from a protracted squeeze on profitability that has defined the sector’s performance for years.
UAE, Asia drive gold investment boom as global demand hits record $193 billion
Global gold demand value surged 74 per cent year on year to a record $193 billion (Dh708 billion) in the first quarter of 2026, driven by higher prices and strong investment demand, according to a World Gold Council report.Total gold demand rose 2 per cent to 1,231 tonnes during the quarter. The increase in value was largely due to a sharp price increase. Gold averaged $4,873 (Dh17,899) per ounce and reached a record high of $5,405 (Dh19,853) in January before easing.Investment demand was the ma...
Airbnb ban being considered by Australia's largest city in order free up properties amid the housing crisis
Airbnb ban being considered by Australia's largest city in order free up properties amid the housing crisisSydney council considering short-term rental bansThe bans would be triggered by low vacancy ratesREAD MORE: Sydneysiders rally to reclaim streets from Airbnb hosts By ASHLEY NICKEL, NEWS REPORTER, AUSTRALIA Published: 09:43, 29 April 2026 | Updated: 09:43, 29 April 2026 e-mail View comments
Government gives key petrol and diesel price update 'cancelling increase'
Prices have rocketed over the past two months
Male actors didn't stop after cut: Annu Kapoor on Bollywood intimate scene shoots
Male actors didnt stop after cut Annu Kapoor on Bollywood intimate scene shoots
US Vs Iran: ईरान के तेल पर ट्रंप का ट्रिपल अटैक, अब कैसे बचेगा? इकोनॉमी हो जाएगी क्रैश
US Vs Iran
Dubai’s finance hub draws 775 firms in first-quarter surge
Dubai: Dubai International Financial Centre added 775 new companies in the first three months of 2026, marking one of its strongest starts to a year and signalling that global financial firms, family offices and wealth managers are still expanding in Dubai despite wider market uncertainty.Sign up for our daily business newsletter, Cheques & Balances.The number of new registrations was 62% higher than the same period last year, when 478 companies set up in the centre. March alone saw 258 new comp...
Are you eligible for $200 aid as an OFW in the UAE? Here’s what to know
Dubai: Filipino workers in the UAE who have been affected by job losses, reduced working hours, or unpaid leave due to ongoing tensions involving the US, Israel, and Iran may be eligible for a one-time financial assistance of $200 or about Dh730.The Philippine Department of Migrant Workers (DMW) has launched the assistance programme to support overseas Filipino workers (OFWs) in the Middle East whose employment and income have been directly impacted by the situation.Get updated faster and for FR...