Gold Hits Record High As Dollar Plummets

UAE: Gold surged to an all-time high, crossing $3,400 an ounce, driven by a sharp decline in the US dollar and heightened investor demand for safe-haven assets. The bullion market reacted strongly to renewed economic uncertainty and concerns over inflation, prompting investors to pour into gold as a hedge. Analysts cited weakening US economic indicators…

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Mother, Toddler Fall From Sharjah Tower

SHARJAH: Authorities in Sharjah are investigating a tragic incident in which a mother and her young daughter died after falling from a high-rise residential building. The incident occurred in the Al Majaz area, a densely populated neighborhood known for its tall buildings and family-friendly environment. The alarm was raised by residents who reportedly heard a…

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Rising Humidity May Lead To Mist Formation Overnight

UAE: A significant increase in humidity is expected to impact both coastal and northern areas, as weather patterns shift to create conditions favorable for mist formation. Meteorological forecasts indicate that warmer air holding more moisture will combine with cooler temperatures during the overnight hours, contributing to a higher likelihood of fog-like conditions developing. This change…

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Emirates A350 To Serve More Cities This Summer

UAE: Emirates is set to expand the reach of its Airbus A350 fleet by adding new destinations to its summer schedule. This move aligns with the airline’s commitment to enhancing travel options and boosting connectivity across its global network. The A350, known for its advanced fuel efficiency and passenger comfort, will offer travelers improved onboard…

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UAE Gold Jewellery Retailers See Growing Demand for Payment Schemes

UAE: UAE gold jewellery retailers are experiencing a noticeable increase in demand for their monthly payment schemes. Customers, especially those with middle to lower-income brackets, are opting for these plans as a more affordable way to purchase high-quality jewellery without burdening their finances. The growing popularity of such schemes is largely driven by the rise…

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Saudi Arabia Cracks Down On Fake Hajj Advertisements

SAUDIA ARABIA: Saudi Arabia has recently intensified efforts to combat fraudulent Hajj advertisements, taking a strong stance against businesses and individuals promoting unauthorized or misleading Hajj packages. The Ministry of Hajj and Umrah has warned the public to be cautious when selecting service providers for the pilgrimage, especially during the peak season when scammers take…

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