Amazon is set to reduce its workforce by approximately 30,000 office positions as part of a broader strategy to cut costs and enhance investments in artificial intelligence (AI). This decision comes as the company aims to streamline operations and improve efficiency in a competitive market. Job Cuts Overview The planned layoffs will affect nearly 10%…
Gold buyers often find more favorable prices in Dubai compared to India, despite both countries adhering to the same international gold price benchmarks. The disparity arises not from the global rate itself but from the varying taxes, duties, and making charges imposed in each market. Factors Influencing Gold Prices in Dubai Dubai’s status as a…
The Bangko Sentral ng Pilipinas (BSP) is contemplating the sale of some of its gold reserves, as a central bank official suggests that current holdings may be excessive. With gold prices experiencing volatility, the timing appears favorable for the BSP to consider profit-taking on its investments in the precious metal. Current Gold Holdings and Market…
As the UAE prepares to announce fuel prices for November, motorists are left wondering if they will see a decrease following the recent rise in October. The global oil market is experiencing fluctuations, influenced by geopolitical factors and supply dynamics, which will ultimately determine the prices at the pump. Recent Price Trends In October, fuel…
Recent fluctuations in the global gold market have led to a notable decrease in gold prices in the UAE. Following a sharp decline in international rates, local prices have adjusted, providing a potential opportunity for buyers. Current Gold Prices in Dubai As of Monday evening, the price of 24-karat gold in Dubai fell to Dh481.25…
A new collaboration between MultiBank Group and former UFC champion Khabib Nurmagomedov is set to revolutionize the sports industry. This partnership aims to create the first regulated tokenized sports ecosystem, combining finance, sports, and blockchain technology in an innovative way. Overview of the Joint Venture The newly formed entity, MultiBank Khabib LLC, will be headquartered…
Gulf News has unveiled a new daily business newsletter designed to keep readers informed about the latest developments in the UAE and beyond. Titled “Cheques & Balances,” this newsletter aims to provide a concise yet comprehensive overview of significant market trends and corporate news. Overview of Cheques & Balances The newsletter is published from Monday…
Dubai is making strides in aerial logistics with the launch of a new drone delivery route in the Nad Al Sheba area. This initiative, a collaboration between the Dubai Civil Aviation Authority (DCAA), the Islamic Affairs and Charitable Activities Department (IACAD), and Keeta Drone, aims to enhance urban mobility and sustainability in the city. New…
Apparel Group has announced its role as the Premier Partner for the upcoming Asia Pacific Cities Summit and Mayors’ Forum, scheduled for October 27-29, 2025, at Expo City Dubai. This significant event, held under the patronage of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, aims to gather city leaders and innovators from around the…
DAMAC Properties, a leading luxury real estate developer in the UAE, has unveiled an exciting opportunity for adventurers and content creators worldwide. The initiative invites individuals to apply for a unique role that combines travel, exploration, and storytelling across eight stunning island destinations. The Role of The Ultimate DAMAC Islander The selected candidate will become…