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Dubai’s strategic response to global economic challenges: Turning crisis into sustainable growth opportunities - Emirates 24|7
Dubai’s strategic response to global economic challenges: Turning crisis into sustainable growth opportunities Emirates 24|7
Emirates Development Bank injects AED 20 million a day to support UAE businesses - Emirates 24|7
Emirates Development Bank injects AED 20 million a day to support UAE businesses Emirates 24|7
5 new jobs and professions that define the future trends in Dubai - Emirates 24|7
5 new jobs and professions that define the future trends in Dubai Emirates 24|7
Yuan’s ‘golden window’ is open, former PBOC governor says as US dollar credibility teeters
Faltering confidence in the US dollar has handed China a “golden window of opportunity” to promote the global use of its currency, according to a former head of the Chinese central bank. “The core driving force behind the current changes in the international monetary system is the United States’ own policy choices,” Zhou Xiaochuan was quoted as saying in a report published on Sunday by the New Economist, a Chinese think tank. He cited the broad application of American tariffs, the frequent use.....
State Street Advises Further De-Risking Amid Inflation Threat
Michael Metcalfe, global head of macro strategy at State Street Global Markets, discusses the ongoing impact of the Iran war on markets, inflation and the global economy. He speaks on Bloomberg Television. (Source: Bloomberg)
Oil, Gas Surge as Trump Orders Hormuz Blockade & Hungary's Orbán Ousted| Daybreak Europe 4/13/2026
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, oil and gas surge after President Trump ordered a blockade of the Strait of Hormuz after the breakdown of talks with Iran at the weekend. The US intends to stop maritime traffic entering and l...
DWTC Free Zone ties up with Wio to speed up business banking
Dubai: Companies across the UAE and global markets continue to expect export growth in 2026, even as the Middle East conflict begins to tighten financial conditions and raise concerns around payments and counterparty risk.Sign up for our daily business newsletter, Cheques & Balances.The agreement introduces streamlined digital banking access for companies operating within the free zone, including quicker onboarding, priority account handling and dedicated relationship support for eligible busine...
EV makers eye Philippines as Manila sets ₱60-billion incentives, ends ICE subsidy amid global oil shock
Manila: With the Philippine government discontinuing its multi-billion-peso support programme for internal combustion engine (ICE) vehicle manufacturing, electric vehicle (EV) makers are stepping up interest in the country’s new ₱60-billion ($1 billion) Electric Vehicle Incentive Strategy (EVIS).The shift follows the formal end of the Comprehensive Automotive Resurgence Strategy (CARS) and RACE Programmes, which for more than a decade enjoyed up to ₱27 billion in government incentives, to create...
PSX sheds over 3,500 points after Trump announces Hormuz blockade
The Pakistan Stock Exchange’s (PSX) benchmark index KSE-100 shed over 3,500 points during intraday trade on Monday in a turbulent session, after United States President Donald Trump ordered a blockade of Iranian ports. The KSE-100 index declined by over 5,000 points at the start of the session, hitting an intraday low of 161,638.07 at around 9:50am after its previous close at 167,191.37. It fluctuated around the 162,000 barrier before breaching 163,000 again at around 11am, hitting an intraday h...
South Korea offers US$4-an-hour helpers for solo residents of capital
In South Korea’s capital, more than one in three people live alone, creating headaches when it comes time to visit hospital or simply move home. But Seoul has a solution: a “companion service” that dispatches helpers to assist solo residents with tasks that are hard to manage without a second pair of hands. On Sunday, the city’s government announced that the programme, which began more than four years ago as a hospital escort service, would soon be expanded to cover moving day logistics and...
Impact of Middle East war on Hong Kong’s aviation hub status ‘relative’: experts
Passenger flight cuts triggered by surging fuel prices could temporarily affect Hong Kong’s status as a transit hub, but the impact will be relative and depend on how long the Middle East conflict lasts, aviation experts have said. Steven Cheung King-lung, chairman of the Hong Kong Professional Airline Pilots Association, said on Monday that the city faced fierce competition in the region not only from Singapore, but also from the Greater Bay Area, as well as from Japan and South Korea. “While.....
Aurangzeb arrives in Washington for IMF, World Bank spring meetings
Finance Minister Muhammad Aurangzeb arrived in Washington on Monday to attend the World Bank Group and International Monetary Fund (IMF) Spring Meetings 2026, the Ministry of Finance said. According to a statement, the minister is scheduled to hold key meetings with global financial leaders to advance “Pakistan’s reform agenda and economic priorities”. Aurangzeb departed for the United States on Saturday to participate in the high-level gathering,...
FTSE 100 Live 13 April: Oil price surges on Hormuz blockade, Asia markets in red
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Uber adds fuel surcharge for non-EV fares in Australia amid petrol price rises
Trips in electric vehicles will be exempt from the temporary fee of 5 cents per kilometre, rideshare firm says Uber customers in Australia will be charged a fuel surcharge for almost two months from Wednesday unless they ride in an electric vehicle.Trips in petrol, diesel, and hybrid vehicles will attract an extra fee of 5 cents per kilometre from 15 April to 8 June, Uber announced on Monday. Continue reading...
بلومبرگنیوز: فروش نفت عربستان سعودی به چین در پی بحران تنگه هرمز به نصف کاهش خواهد یافت
بلومبرگنیوز گزارش داد که فروش نفت عربستان سعودی به چین در پی بحران تنگه هرمز به نصف کاهش خواهد یافت. بر اساس این گزارش شرکت آرامکو قرار است حدود ۲۰ میلیون بشکه نفت در ماه می به چین ارسال کند. این رقم در ماه آوریل ۴۰ میلیون بشکه بوده است.
Chinese EV stocks jump on surging exports, hopes of domestic demand recovery
Chinese electric vehicle (EV) stocks rallied against a falling broader market in Hong Kong on Monday, as strong export data and rising oil prices bolstered the appeal of battery-powered and hybrid cars while a coming wave of model launches sparked hopes of a domestic demand recovery. Nio surged 6.6 per cent to HK$52 as of the noon trading break, while BYD climbed 5.6 per cent to HK$111, the highest since October 2. Chery Automobile rose 1.3 per cent to HK$32.72, while Xpeng advanced 0.5 per cent...
Retirement scrapped for millions due to rising costs, new report shows
Retirement scrapped for millions due to rising costs, new report shows16 per cent have already returned to work and millions more are planning toCommentsMoneyNeil Shaw Assistant Editor (Money and Lifestyle)06:52, 13 Apr 2026View 3 ImagesSome people no longer retire at state pension ageA significant proportion of older people are deciding to “unretire” as the financial reality of retirement falls short of expectations, according to research. One in six (16%) retirees surveyed for Standard Life sa...
25,000 people to have their debts cut or cancelled by DWP
25,000 people to have their debts cut or cancelled by DWP200,000 cases are now being reviewed to see who will have their debts scrappedCommentsMoneyNeil Shaw Assistant Editor (Money and Lifestyle)06:40, 13 Apr 2026View 3 ImagesDebts will be torn up for thousands of peopleTens of thousands of unpaid carers are to have their debts cut or cancelled in a sweeping Government review of historical overpayments. Some 200,000 people who were left owing money as a result of “confusing” earnings guidance w...
Dubai gold slips as global markets turn cautious on Hormuz tensions
Dubai: Gold prices in Dubai edged lower on Monday morning, tracking a cautious global market mood shaped by rising geopolitical tensions and renewed inflation concerns.Sign up for our daily business newsletter, Cheques & Balances.At 9:19am, 24-karat gold was priced at Dh569 per gram, down from Dh572.25 on Sunday. The 22-karat variant fell to Dh526.75 from Dh529.75 a day earlier, reflecting a steady pullback after last week’s gains.Get updated faster and for FREE: Download the Gulf News app now -...
Iranian Rial to Pakistani Rupee Rate Today- April 13, 2026
As of April 13, 2026, the authentic mid-market exchange rate stands at 1 Iranian Rial (IRR) = 0.000212 PKR. This live rate (updated around 07:12 UTC / 12:12 PKT), reflects global forex conditions. In Pakistan’s open currency markets, however, the Iranian Rial has shown remarkable strength recently, with reports indicating a near fourfold surge in its value against the PKR in recent weeks. 1 PKR = approximately 4,717 Iranian Rials 10 PKR = approximately 47,170 Iranian Rials While the Irania...