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Business
Why Dubai’s property boom is built to last for a long time
Dubai’s property market is rising at a pace few global cities can match, but analysts say the current upswing is being driven by structural demand rather than speculative excess.
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Business
Business
Dubai sells 500 homes valued at over $10 million in 2025, sets new record
Dubai’s luxury property market achieved a new record, reaching 500 homes valued at $10 million in 2025, including a record 68 homes being sold worth more than $25 million, according to the property consultancy Knight Frank.This is compared to 435 luxury homes of $10-million-plus being sold in 2024 and 46 uber-luxury homes of $25 million-plus valued changing hands during the year.Faisal Durrani, partner and head of research for Mena at Knight Frank, said there is a huge appetite among regional an
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Business
Business
Indian rupee hits record low against dirham; will UAE grocery prices fall?
The Indian rupee's record low against the UAE dirham and the US dollar's mixed bag of fortunes has resulted in a price drop in some goods. However, rising production and transportation costs in India often outweigh the currency advantage.The Indian rupee has hit an all time low against the Emirati currency and the US dollar, reaching 24.6 against the dirham and 90.4 against the greenback.Shuaib Alhammadi, director of community relations, Union Coop, said this is an opportunity to import more fro
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Business
Business
Indian rupee slips to record low against UAE dirham, but RBI likely curbs losses
The Indian rupee declined to a record low on Thursday (Dh24.53), deepening its fall past the 90-per-dollar mark as corporate dollar sales and the lack of tangible progress towards a trade deal with the US hurt Asia's worst-performing currency.The rupee has fallen more than 5 per cent against the dollar in 2025, as US tariffs of up to 50 per cent on Indian goods have hurt exports to the country's biggest market and have diminished the appeal of local equities.Foreign investors have pulled out nea
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THE LATEST IN EXPLAINERS
Business
UAE residents can now track and improve their credit score in real-time
The way UAE residents manage and understand their credit is undergoing a major transformation with Etihad Credit Bureau (ECB) rolling out sweeping reforms designed to give customers more control over their financial data and a clearer view of how their credit behaviour shapes opportunity.
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The way UAE residents manage and understand their credit is undergoing a major transformation with Etihad Credit Bureau (ECB) rolling out sweeping reforms designed to give customers more control over their financial data and a clearer view of how their credit behaviour shapes opportunity.
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Business
Reverse home bias and the New Year resolution that can change your wealth
Every new year begins the same way.
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Every new year begins the same way.
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Business
UAE businesses continue to remain on strong growth track
Business activity across the UAE’s non-oil private sector closed 2025 on a strong footing, underlining the economy’s resilience and breadth as firms continued to benefit from firm demand, supportive government policies and sustained domestic and international interest.
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Business activity across the UAE’s non-oil private sector closed 2025 on a strong footing, underlining the economy’s resilience and breadth as firms continued to benefit from firm demand, supportive government policies and sustained domestic and international interest.
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Business
India upgrades economic growth forecasts 2025-26 to 7.4%
India's economy is expected to grow 7.4% in the fiscal year ending in March, the National Statistics Office said on Wednesday, above the government's initial projection of 6.3%-6.8%.India's first advance estimate of gross domestic product (GDP), which will undergo revisions over time as data coverage improves, will be used as a base for the federal budget due to be announced on February 1.The Indian economy grew 6.5% in 2024/25 and 9.2% in 2023/24.In nominal terms, which factor in inflation, the
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India's economy is expected to grow 7.4% in the fiscal year ending in March, the National Statistics Office said on Wednesday, above the government's initial projection of 6.3%-6.8%.India's first advance estimate of gross domestic product (GDP), which will undergo revisions over time as data coverage improves, will be used as a base for the federal budget due to be announced on February 1.The Indian economy grew 6.5% in 2024/25 and 9.2% in 2023/24.In nominal terms, which factor in inflation, the
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Business
Dubai gold prices at record high; 24K reaches Dh550 per gram
Gold prices hit a new record in Dubai and globally as the 24K price hit Dh550 per gram at the opening of the market on Monday.The Dubai Jewellery Group data showed 24K jumping Dh7 per gram to Dh550.25, while the 22K gold price rose Dh6.5 to Dh509.5 per gram on Monday morning.Similarly, the 21K gold price rose to Dh488.75, 18K to Dh418.75 and 14K to Dh326.75 per gram.Stay up to date with the latest news. Follow KT on WhatsApp Channels.Globally, spot gold broke above the psychological milestone
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Gold prices hit a new record in Dubai and globally as the 24K price hit Dh550 per gram at the opening of the market on Monday.The Dubai Jewellery Group data showed 24K jumping Dh7 per gram to Dh550.25, while the 22K gold price rose Dh6.5 to Dh509.5 per gram on Monday morning.Similarly, the 21K gold price rose to Dh488.75, 18K to Dh418.75 and 14K to Dh326.75 per gram.Stay up to date with the latest news. Follow KT on WhatsApp Channels.Globally, spot gold broke above the psychological milestone
20 Comentário
Business
Is 2026 the year crypto finally moves from speculation to structural maturity?
For many people, 2025 felt like a year the crypto market should have soared and didn’t. Markets lagged, prices disappointed and we started to rethink once sacred rhythms like the four year cycle. Some analysts suggested a 5.4 year pattern (with hope for a final run at the bull market after all), while others argued cycles might be replaced altogether by a market shaped more by institutions than solo traders. At the same time, by the end of the year my social media feeds were filled with people talking about how 2025 was the year of the snake in Chinese zodiac, and that in February, we pass into the year of the Fire Horse. So what if 2025 was an important transition year, where crypto shed its Wild West reputation like a snake sheds its skin, in the direction of structural maturity and widespread adoption, under the auspices of the Fire Horse’s energy, enthusiasm and speed? Either way, markets are up despite geopolitical uncertainty, an interesting development, considering the impact of incidents in the past. And 2026 is shaping up to be very interesting indeed. Here are six things I’m looking forward to:
20 Comentário
For many people, 2025 felt like a year the crypto market should have soared and didn’t. Markets lagged, prices disappointed and we started to rethink once sacred rhythms like the four year cycle. Some analysts suggested a 5.4 year pattern (with hope for a final run at the bull market after all), while others argued cycles might be replaced altogether by a market shaped more by institutions than solo traders. At the same time, by the end of the year my social media feeds were filled with people talking about how 2025 was the year of the snake in Chinese zodiac, and that in February, we pass into the year of the Fire Horse. So what if 2025 was an important transition year, where crypto shed its Wild West reputation like a snake sheds its skin, in the direction of structural maturity and widespread adoption, under the auspices of the Fire Horse’s energy, enthusiasm and speed? Either way, markets are up despite geopolitical uncertainty, an interesting development, considering the impact of incidents in the past. And 2026 is shaping up to be very interesting indeed. Here are six things I’m looking forward to:
20 Comentário
Business
Crypto’s coming of age: 2026 set to redefine digital assets beyond price hype
Cryptocurrency markets are entering 2026 on a footing of growing maturity, setting the stage for a year where digital assets increasingly anchor real-world use, deepening institutional roots and supporting their role as a strategic macro hedge.As Devika Mittal, South Asia Head at Ava Labs, observes, “2026 feels like the year crypto grows up. The market will move beyond pure price swings toward real utility, driven by clearer regulation, deeper institutional involvement, and more reliable infrast
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Cryptocurrency markets are entering 2026 on a footing of growing maturity, setting the stage for a year where digital assets increasingly anchor real-world use, deepening institutional roots and supporting their role as a strategic macro hedge.As Devika Mittal, South Asia Head at Ava Labs, observes, “2026 feels like the year crypto grows up. The market will move beyond pure price swings toward real utility, driven by clearer regulation, deeper institutional involvement, and more reliable infrast
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Business
India proposes forcing smartphone makers to give source code in security overhaul
India proposes requiring smartphone makers to share source code with the government and make several software changes as part of a raft of security measures, prompting behind-the-scenes opposition from giants like Apple and Samsung.The tech companies have countered that the package of 83 security standards, which would also include a requirement to alert the government to major software updates, lacks any global precedent and risks revealing proprietary details, according to four people familiar
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India proposes requiring smartphone makers to share source code with the government and make several software changes as part of a raft of security measures, prompting behind-the-scenes opposition from giants like Apple and Samsung.The tech companies have countered that the package of 83 security standards, which would also include a requirement to alert the government to major software updates, lacks any global precedent and risks revealing proprietary details, according to four people familiar
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Business
Samsung Galaxy S26 Ultra: Expected release date, features and UAE price
January is traditionally an exciting month for Samsung fans, as it usually signals the arrival of the next-generation Galaxy S series. In 2026, however, the wait is slightly longer than usual. The much-anticipated Samsung Galaxy S26 series, led by the Galaxy S26 Ultra, is expected to debut a few weeks later than Samsung’s typical January schedule.
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January is traditionally an exciting month for Samsung fans, as it usually signals the arrival of the next-generation Galaxy S series. In 2026, however, the wait is slightly longer than usual. The much-anticipated Samsung Galaxy S26 series, led by the Galaxy S26 Ultra, is expected to debut a few weeks later than Samsung’s typical January schedule.
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BRILLIANT COMMENTS
1
All January 9 flights to Iran cancelled, Flydubai spokesperson confirms
2
Etihad flies a record 22.4 million passengers in 2025, launches 16 new routes
3
Du reports 7.9% year-on-year increase in revenues, reaching Dh3.87 billion in Q3 2025
4
UAE's mobile market set for data-driven growth as 5G subscriptions surge
5
Why crude oil’s slide looks set to hit $50 this year
6
Oil steadies as market assesses potential disruption in Iran, dealmaking for Venezuela
