Abu Dhabi: He has been buying Big Ticket every single month for more than two decades, and Majed Albert Ghulmiyyah, a 79-year-old retired Lebanese expat who has called the UAE home for 55 years, will tell you that patience is everything. In Series 287 of Big Ticket's Big Win Contest, Majed was amon»»»

Dubai: Dubai gold prices fell on Monday morning, taking local rates to their lowest level so far this month after bullion extended losses in global markets. (Check live prices here.) Sign up for our daily business newsletter, Cheques & Balances.The 24-karat variety was priced at Dh519.75 per gram a»»»

WASHINGTON: The White House is considering a plan to buy the Chagos Islands from Mauritius, the Telegraph reported on Sunday. US officials ​have drawn up a proposal to bypass the UK and make their own deal to take control of Diego Garcia, the report said. The plan is among several options being dra»»»

China's central bank increased up its gold reserves for a 19th month in May, data from the People's Bank of China showed on Sunday. The country's gold reserves rose to 74.96 million ‌fine troy ‌ounces by the ‌end ⁠of May, versus the ⁠previous month's 74.64 million ounces China's gold reserves were »»»

Cairo — Egyptian stocks ended the week higher on Thursday as foreign investors increased exposure to both equities and treasury bills, reinforcing signs that international confidence in Egyptian assets continues to improve despite ongoing debate over tax reforms and Egypt’s market-classification re»»»

Days before Armenia’s parliamentary elections on June 7, Russia is carrying out a full-scale offensive and campaign of pressure against the government of Prime Minister Nikol Pashinyan, which has the strongest chances of winning.  Not only President Vladimir Putin, but also the leaders of the »»»

Egypt is witnessing a significant surge in digital gold investment, driven largely by younger investors, as changing consumer behaviour and growing financial awareness reshape the domestic gold market, according to Saied Embaby, CEO of iSagha, the online gold and jewellery trading platform. Citing »»»

Melbourne, Australia: Recorded influenza cases in Australia have plummeted 65 percent compared to the same period last year, but infectious diseases experts are urging the public not to underestimate the risk. The Australian Center for Disease Control (ACDC) released its latest respiratory surveill»»»

I moved from Ethiopia to Shetland - and I've brought the coffee with me 6 days agoShareSaveAdd as preferred on GoogleIona NicolBBC Scotland News BBCCoffee has been an important part of Netsanet Sori's life since childhood Shetland has plenty of honesty boxes - filled with fresh eggs, home baking an»»»

Gulf stock markets lost an estimated $24 billion in market value during May, reducing the combined capitalization of regional exchanges to approximately $4.08 trillion, according to a CNBC Arabia survey. While the decline represents only about 0.6% of total Gulf market capitalization, it reflects p»»»

The Bulgarian real estate market is gradually moving away from last year’s overheated phase and returning to more stable levels, with transaction activity approaching the patterns seen between 2019 and 2024. According to Snezhana Stoycheva, a manager at a major real estate platform, the sector is n»»»

On June 5, 1976, the Teton River Dam in Idaho collapsed as it was being filled for the first time, killing 11 people, flooding 300 square miles and causing an estimated $1 billion damage. 1 of 7 | On June 5, 1976, the Teton River Dam in Idaho, the remains of which are pictured, collapsed as it was »»»

Dubai: After years of speculation, SpaceX is finally heading to the stock market — raising a question many UAE investors have been asking: Can ordinary investors buy shares in Elon Musk's rocket company? The answer is yes, but getting shares at the IPO price may not be straightforward. Get updated »»»

The military wing loyal to Sadrist movement leader Moqtada al-Sadr handed over responsibility for security in Samarra to the Iraqi army on Thursday, in a symbolic ceremony that included lowering the faction’s flag at its operations headquarters. The move, seen by observers as a “qualitative shift,”»»»

AMMAN — The Central Bank of Jordan (CBJ), on behalf of the government, on Thursday issued the 24th issue of treasury bonds for 2026, valued at JD100 million.According to CBJ data cited by Al Mamlaka TV, the maturity date for this issue is June 7, 2036, while the settlement date is June 7, 2026.Tre»»»

MELBOURNE,: A Yazidi woman has alleged she shared a bedroom with a woman accused of enslaving her in Syria and was repeatedly raped and beaten by the woman’s father, police told a court on Thursday. Zeinab Ahmad, 31, applied for bail in the Melbourne Magistrates’ Court on two slavery charges. The h»»»

Dubai: A Bahrain-based Indian expat who won Dh20 million in Abu Dhabi Big Ticket's latest draw did not just beat the odds after seven years of trying. He did it with a free ticket, one of two he received through a buy-two-get-two promotion, with the winning number chosen by his wife and sister whil»»»

Cairo — Overseas investors continued to accumulate Egyptian equities on Wednesday despite ongoing debate over proposed tax reforms and the review of Egypt’s market classification by S&P Dow Jones Indices, suggesting market participants remain broadly constructive on the country’s medium-term invest»»»

ST. PETERSBURG (Sputnik) - Americans are getting tired of financing Ukraine, not knowing where their money is going, Candace Owens, a journalist from the United States, said at the 2026 St. Petersburg International Economic Forum (SPIEF). "Americans are really getting tired of funding [Ukraine], no»»»

Chinese automaker BYD Company Ltd (SZSE:002594; HKEX:1211) has significantly strengthened its presence in Africa’s emerging electric vehicle (EV) market, increasing its market share to 35% in 2025 from just 4% two years prior, according to the Global EV Outlook 2026 report, published by the Interna»»»

Dubai: An Indian expat based in Bahrain won the Dh20 million grand prize in Big Ticket's latest live draw on Wednesday, walking away with a life-changing windfall after seven years of persistent participation. Krishna Kumar Syamala Ravindran, 43, is a businessman from the south Indian state of Kera»»»

Observers in Baghdad say a long-delayed confrontation may be looming with factions that reject the principle of “placing arms under state control,” a move announced by political groups and welcomed by the Iraqi government and the United States. The warnings come as reports suggest the US-backed gov»»»

Cisco used its annual Cisco Live 2026 event to present artificial intelligence as a new test for infrastructure, not merely a software wave or a move toward smarter applications. The main message at the event was that as organizations move from chatbots to AI agents capable of carrying out tasks, n»»»

Dubai: After four consecutive months of fuel price increases, many UAE motorists are hoping relief is finally around the corner. There are signs that global oil markets are cooling. Brent crude, the international benchmark, is trading around $97 a barrel, down from the $110-$120 levels seen earlier»»»

'It is by the grace of God that you find a diamond' 5 minutes agoShareSaveAdd as preferred on GoogleEd ButlerBusiness reporter, Kono, Sierra Leone AFP via Getty ImagesDiamond miners in Sierra Leone can hunt for days on end and find none of the precious stones The rising popularity of lab-grown diam»»»

Dubai: Gold prices in Dubai fell on Wednesday, offering temporary relief to jewellery buyers. Yet the latest drop also highlights a growing challenge for UAE shoppers: frequent swings are making it harder to decide when to buy. Get updated faster and for FREE: Download the Gulf News app now - simpl»»»

Shareholders of the Prague bourse leader, majority-state-controlled energy utility ČEZ have agreed to set up a new subsidiary of the company as part of government plans to restructure and nationalise the company. The new company should come into existence within weeks of the approval and should inc»»»

Progressive Bulgaria leader and Prime Minister Rumen Radev commented on the opposition’s uproar after the parliamentary group proposed the removal of COVID-related supplements for newly granted pensions. At the Council of Ministers meeting on Wednesday, he argued that “not a single euro, not a sing»»»

Calls for changes to Bulgaria’s dairy sector regulations are gaining momentum as producers warn that local milk is struggling to compete with significantly cheaper imports from other European Union countries, BNR reports. Vladislav Mihaylov of the Association of Dairy Producers welcomed the governm»»»

With a week left until what is considered to be an all-important parliamentary election in Armenia, the market consensus appears well-formed. It posits, first, that the vote might have wide-ranging economic and geopolitical implications for the country. More importantly, it anticipates that, in the»»»

In a move reflecting regional economic resilience, the Egyptian Exchange (EGX) wrapped up the week on a positive note. On March 13, 2025, the EGX30, the main index, ascended by 0.78%, reaching 31,290.62 points. This marks a significant achievement amidst fluctuating global market trends. The bullis»»»

New Delhi: India and the US have almost concluded the first part of their new trade deal, the Indian commerce minister said, as delegations began talks in New Delhi on Tuesday. A US delegation led by Assistant US Trade Representative for South and Central Asia Brendan Lynch arrived in India on Mond»»»

Cairo — Egyptian equities rose in the first session after the Eid Al-Adha break, with domestic investors driving a broad-based rally that absorbed continued Arab and foreign selling and reinforced the market’s resilience despite renewed regional pressure. The benchmark EGX30 rose 0.37% to 52,853.94»»»

Doha, Qatar: Thousands of sneaker enthusiasts, collectors, content creators, and vendors gathered at the Doha Exhibition and Convention Center (DECC) from May 29 to 31 as Sneaker Con, the largest international buy-sell-trade sneaker event, made its first debut in Qatar. The three-day event transfor»»»

Dubai: UAE motorists are paying more at the pump for a fourth straight month, with petrol prices rising by nearly 8% in June. Yet despite the increase, local fuel costs remain below many major international markets as global oil prices cool from recent highs. New June fuel prices are: Super 98, Spe»»»

Standard Bank Group (JSE:SBK) and the South African Reserve Bank (SARB) are at the centre of a legal and regulatory dispute over how crypto assets should be treated under South Africa’s exchange-control regime after the Pretoria High Court found that cryptocurrencies do not fall within the existing»»»

JEDDAH: The gold market in Jeddah has entered a period of relative stability following weeks of heightened seasonal demand, with traders reporting a shift in buying patterns as consumers become more price-conscious. “Demand remains strong during Hajj, especially from pilgrims purchasing gifts and s»»»

A tanker carrying Russian oil has arrived at a terminal in Japan, with Japanese companies stepping up purchases amid disruption to Middle East energy supplies, Kommersant newspaper reported on May 31, citing state media. The tanker Voyager delivered a consignment of Russian oil to a termi»»»

Markets, June 1 (SANA) Gold prices declined on Monday as a stronger US dollar and rising oil prices weighed on demand, while investors monitored geopolitical developments in the Middle East and their potential impact on inflation and US monetary policy. Spot gold fell 0.4% to $4,518.09 an ounce at »»»

Dubai: Dubai’s gold prices were largely unchanged on Monday as global markets weighed intensifying Middle East tensions, rising oil prices and a stronger US dollar, all of which are shaping investor sentiment toward safe-haven assets. In Dubai, 24K gold held steady at Dh547.50 per gram, unchanged f»»»

Oil rose while Asian equities firmed Monday as a surge in artificial intelligence-linked stocks helped offset uncertainty over US-Iran talks. Gains in tech-heavy markets drove investor optimism, despite uncertainty driven by US-Iran negotiations to end the war that has roiled global energy markets »»»

Caribbean hot sauce producers warn of shortages and higher prices 6 minutes agoShareSaveAdd as preferred on GoogleGemma HandyBusiness reporter, St John’s, Antigua WalkerswoodHot sauce producers in Jamaica are struggling with a shortage of key chilli peppers Hot pepper sauce in Caribbean cuisine is »»»

The Indian rupee lost nearly 11% of its value against the US dollar y/y between May 2025 and May 2026, a slide that makes it the worst performing currency in the world against the greenback when looked at from a one, five or ten year horizon. According to reference rate-FBIL data from India’s »»»

A senior lawmaker from Chancellor Friedrich Merz’s CDU has proposed requiring Germans to use their homes to pay for elderly care, triggering a political row over social welfare amid the country’s mounting fiscal pressures. The proposal by Albert Stegemann, deputy chairman of the CDU/CSU parliamenta»»»

Dubai: The Gulf’s role in the global energy market is evolving beyond its traditional status as a major producer, with flexibility, adaptability and reliable delivery emerging as critical pillars of energy security amid growing market uncertainty. As energy markets grapple with rising freight costs»»»

Doha, Qatar: Qatar’s consumers increasingly turned to online shopping and delivery platforms during Eid Al-Adha holidays, driven by convenience, time savings, and the growing availability of digital services. Many residents told The Peninsula that they order for gifts, clothing, electronics, perfum»»»

In the little-known constituency of Makerfield in northern England, the leadership of the United Kingdom for the next three years could soon be decided, because a win for the Labour candidate could decide the leadership of the Labour Party, which currently governs the country with a large parliamen»»»

Russia is considering a substantial investment in its precious metals reserves, amounting to 51 billion rubles (approximately $535.5 million) over the next three years. This initiative, highlighted in the Russian government’s Draft Federal Budget released on September 30, signals an ambitious plan »»»

The Central Bank of Egypt (CBE) allowed the pound to depreciate against the dollar during its regular auctions on Thursday and Sunday pushing it down to LE7.73, its lowest level since auctions began in December 2012. This is the second round of pound devaluation with the first initiated at January »»»

RIYADH: Saudi Arabia’s gradual opening of investment channels into Makkah and Madinah is drawing interest from developers and institutional investors seeking exposure to what could become one of the Kingdom’s largest long-term real estate opportunities. The move comes as authorities seek to attract»»»