Author: Arabian Media staff
Dow’s stock drops after dividend was cut in half, and quarterly losses were much wider than expected. Source link
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Right now it’s the retail investors that are in control. That’s the conclusion from strategists across Wall Street. Source link
Image credit: Supplied photo The UAE hospitality sector is experiencing a sharp rise in demand for staycations, as more residents opt to spend their holidays within the country instead of traveling abroad, according to the KPMG Dubai Hospitality Report released in April 2025. Driven by convenience and cost-effectiveness, staycations are increasingly seen as a practical and affordable alternative to international travel. By avoiding long-haul flights, high-priced overseas accommodations, and fluctuating foreign exchange rates, UAE residents are choosing to explore the attractions in their own backyard, from pristine beaches and majestic mountains to bustling cities and cultural landmarks. Read-Dubai to add…
“My credit cards are paid off monthly, but I finally paid off my student loans earlier this year.” Source link
A report from Ned Davis Research describes three possible growth scenarios, but the base-case is muddling through Source link
This summer’s hottest housing market offers a haven from sky-high home prices, according to a new report by Realtor.com. Source link
Saudi skyline/Image: Getty Images The Saudi General Authority of Foreign Trade (GAFT) has launched an anti-dumping investigation into imports of ductile iron pipes originating from or exported by India. The probe covers cast iron pipes and hollow tubes with diameters ranging from 100mm to 1,000mm, specifically of the K9 and C40 classes. This action is in line with Article 4.1 of the Law of Trade Remedies in International Trade, issued on November 23, 2022. According to the article, “the authority is responsible for trade remedies including conducting investigations, reviews, and the imposition of measures in accordance with the Kingdom’s international…
Raki Phillips (CEO of RAKTDA) is taking on a new leadership position at Accor. One of the UAE’s most prominent tourism figures, Raki Phillips, is set to leave his role as CEO of Ras Al Khaimah Tourism Development Authority (RAKTDA) and take on a major new leadership position at hospitality giant Accor. From November 2025, Phillips will become regional president for Accor’s Premium, Midscale & Economy (PME) division across the Middle East, Africa and Türkiye. He succeeds Paul Stevens, whose tenure with Accor spans nearly three decades. Phillips brings over 20 years of experience in global hospitality and destination development.…
Image: Getty Images Total banking sector assets in the UAE, including bankers’ acceptances, rose by 0.6 per cent month-on-month to exceed Dhs4.749tn at the end of April 2025, up from approximately Dhs4.719tn in March, according to the Central Bank of the UAE (CBUAE). Total bank credit rose by 0.9 per cent to surpass Dhs2.259tn, compared to Dhs2.240tn a month earlier. The rise was driven by an increase of Dhs12.3bn in domestic credit and Dhs7.1bn in foreign credit. Domestic credit expanded due to a 0.7 per cent increase in lending to the government sector, 1.2 per cent to the public sector…