The Central Bank of Egypt lowered the overnight deposit rate to 22% during its policy meeting on August 28, 2025/ representative Image Gold prices in Egypt surged on Friday, August 29, 2025, with 21-karat gold reaching EGP 4,650 (approximately $97.65), marking a sharp response to the Central Bank of Egypt’s recent decision to lower key […]
Consumer Price Index in Kuwait rose 2.39% year-on-year in July 2025/Image: File Kuwait’s consumer price index (CPI) recorded a significant increase of 2.39% in July 2025 compared to the same month the previous year, according to data from the Kuwait Central Statistical Bureau (CSB). The rise reflects inflationary pressure primarily driven by higher prices in […]
Prized birds of prey sold for tens of thousands of dirhams in Abu Dhabi/Representative Image Falcon merchants and collectors from across the UAE and beyond flocked to the Abu Dhabi National Exhibition Centre this weekend for a series of auctions that saw prized birds of prey sold for tens of thousands of dirhams. The sales […]
Senator Aisha Wahab (Image credits: X @SenAishaWahab) A California lawmaker is leading a bold push to ban companies from using personal data collected from phones, laptops, and other devices to secretly hike prices- an AI-driven tactic increasingly under fire from consumer advocates and lawmakers alike. Senator Aisha Wahab, a Democrat from Fremont, has introduced legislation […]
US President Donald Trump issued a sharp warning to pharmaceutical giants, calling on them to slash prescription drug prices in the United States or face the consequences.In letters addressed to 17 major drug companies, Trump urged them to cooperate with his administration to implement sweeping reforms aimed at lowering costs for American patients, who currently […]
UAE petrol prices fluctuated monthly in 2025, driven by global oil trends and seasonal demand/ Representative Image TL;DR Fuel prices in August 2025 are likely to stay flat or see a slight increase. July saw one of the highest rates this year, driven by global oil trends. Final August rates will be announced on July […]
Dubai gold prices see second-biggest 2025 surge, following the record high of Dh420/gram earlier this year amid the global tariff war. (File) Gold prices in Dubai rose sharply on Friday as escalating tensions between Israel and Iran pushed investors toward traditional safe-haven assets. The 24-karat gold variant jumped by Dh4 (approximately $1.09) per gram, reaching […]
HONG KONG: Crude prices surged Wednesday following a report that US intelligence suggested Israel was planning a strike on Iranian nuclear facilities, which would send geopolitical tensions into overdrive and fuel regional conflict fears.While safe haven gold pushed almost two percent higher, the news from CNN appeared to be having little detrimental effect on Asian […]
President Donald Trump on Monday signed a sweeping executive order aimed at slashing prescription drug prices in the United States, giving pharmaceutical companies a 30-day deadline to cut costs or face action.“Starting today, the United States will no longer subsidise the healthcare of foreign countries… and we’ll no longer tolerate profiteering and price gouging from […]
Representative image (AP) Almost every month, there’s another announcement about how various Gulf states will spend mind-blowing sums of money, hundreds of billions of dollars, if not trillions, in deals made with the new Trump administration in the US.In January, Saudi Arabia said it would broaden investments into, and trade with, the US to over […]
