اقتصاد

Nuqi Gold, Mawarid Finance launch Shariah-compliant gold-backed card in UAE

A new partnership in the UAE is attempting to change how gold functions in everyday life. Nuqi Gold and Mawarid Finance have signed a memorandum of understanding to launch what is positioned as the GCC’s first gold-backed co-branded card, bringing together physical asset ownership and day-to-day spending.At its core, the proposition is straightforward. Customers buy certified 24K gold digitally through the Nuqi platform, with every gram backed by real, insured, and vaulted physical gold. That go...

2% to 4% DA hike likely: Here's how much your monthly pay may rise

to DA hike likely Heres how much your monthly pay may rise

Dubai gold prices edge up as US-Iran ceasefire cools volatility

Dubai: Gold prices in Dubai inched higher on Friday morning, even as a fragile ceasefire between the US, Iran and Israel begins to take some of the heat out of global markets — a sign that bullion is not quite ready to give up its safe-haven appeal just yet.In Dubai, 24K gold rose modestly to Dh578.75 per gram, up Dh1 from Thursday’s Dh577.75, while 22K climbed to Dh536.00, also gaining Dh1.00. The muted increase marks a shift from Thursday’s sharper rebound, when prices surged by over Dh4 amid...

Gold rates retreat after three-day rise

Gold prices declined after a three-day upward trend in both global and domestic markets on Friday. In the international bullion market, the price of gold fell by $33 per ounce, bringing it down to $4,792 per ounce. Following global trends, local bullion markets also recorded a decline, with the price of 24-carat gold per tola falling by Rs3,300 to Rs501,562. Similarly, the price of 10 grams of gold dropped by Rs2,829 to Rs430,008. Silver prices also decreased in the local market, with the pr...

Canada's next-generation entrepreneur immigration programme - Exclusive early access opportunity

Immigration, Refugees and Citizenship Canada (IRCC) is preparing to launch a new pilot program for immigrant entrepreneurs, expected to significantly reshape Canada’s business immigration landscape. This reflects Canada’s continued commitment to becoming a leading global destination for innovative entrepreneurs.The previous Start-Up Visa (SUV) programme was closed by the government last year as part of a broader strategic reset. Canada is now preparing to introduce a more targeted and competitiv...

Saudi Fund extends $3bln deposit with Pakistan

BusinessMust ReadSaudi Fund extends $3bln deposit with PakistanBy Web Desk-Apr 17, 2026Saudi Fund for Development has signed an agreement with State Bank of Pakistan to extend the maturity of its three billion dollar deposit. The agreement was signed in Washington D.C by Chief Executive Officer of Saudi Fund for Development Sultan bin Abdul Rahman Al-Marshad and State Bank of Pakistan Governor Jameel Ahmad. Finance Minister Muhammad Aurangzeb was also present on the occasion. Pakistan receives $...

Airlines cancel hundreds of flights as jet fuel prices soar amid fears Europe has just 'six weeks' of supply left

Airlines cancel hundreds of flights as jet fuel prices soar amid fears Europe has just 'six weeks' of supply leftBy CAITLIN LENG and DAVID CHURCHILL Published: 07:15, 17 April 2026 | Updated: 07:26, 17 April 2026 e-mail View comments

Wipro shares slide up to 4% after weak Q4, muted outlook dents sentiment

Wipro's shares tumbled as profit dipped and the IT firm projected a subdued outlook, citing cautious client spending. Revenue growth in its core IT services remained sluggish, raising concerns about persistent challenges. Despite a share buyback, weak guidance and margin pressures overshadowed positive deal bookings, leading to a significant year-to-date stock decline.

खाड़ी में तनाव से पाकिस्तान में बिजली संकट गहराया, LNG सप्लाई ठप, 7 घंटे तक हो रही कटौती

LNG

घर खरीदने से पहले जान लें वो छिपे हुए खर्चे, जो बिल्डर आपको नहीं बताता

How Indian economy slid to 6th-largest in the world, with Japan, UK overtaking

India 6th largest economy: When the IMF calculates its rankings in US dollar terms, it uses two data points: a country’s GDP in the local currency and the exchange rate with dollar. On both these counts, India has suffered significant setbacks in the last 12 months.

Elon Musk says everyone should get free money from government because robots will work

Elon Musk says everyone should get free money from government because robots will work

Russia approves fish and seafood imports from Pakistan

BusinessMust ReadRussia approves fish and seafood imports from PakistanBy Web Desk-Apr 17, 2026ISLAMABAD: In a major breakthrough for Pakistan’s fisheries sector, Russia has approved the import of Pakistani fish and seafood, Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry announced on Friday. Describing it as a historic achievement, the minister said that, for the first time, the way has been paved for the export of Pakistani seafood to the Russian market. He revealed that 1...

How Emirati women can qualify for Nafis child allowance

Dubai: Emirati women working in the private sector will be eligible for child allowance benefits under the Nafis programme only under specific conditions, as authorities expand support for families while tightening eligibility criteria.Get updated faster and for FREE: Download the Gulf News app now - simply click here.The programme, which aims to raise the competitiveness of Emirati talent, said working Emirati women married to UAE nationals may benefit from the child allowance only if they...

'Made in India' ranks 12th in global trust survey

Made in India ranks th in global trust survey

Oil Shock May Weigh on Equities: Morgan Stanley's Sibal

Morgan Stanley analyst Rajeev Sibal tells Bloomberg TV that global equity markets have not fully absorbed the impact of the energy shock stemming from the discruption in the Strait of Hormuz, advising that the situation may weigh on growth sentiment. (Source: Bloomberg)

Dhurandhar 2 box office Day 29: Only Rs 5 crore away from dethroning Pushpa 2

Dhurandhar box office Day Only Rs crore away from dethroning Pushpa

More ships crossing the Strait of Hormuz despite blockade, tracking data shows

Shipping traffic through the Strait of Hormuz, a vital maritime corridor for oil and gas exports, has shown signs of increased vessel movement in recent days despite ongoing military tensions and a US naval blockade targeting Iranian ports.Maritime tracking data and reporting indicate that a growing number of commercial vessels have continued to transit the narrow waterway, which had seen dramatic declines in activity earlier in the conflict.22 ships hit, 800 stranded in Hormuz, Al Jaber warns o...

Pakistan Oil Tanker Makes Rare Entry and Exit Through Hormuz

A Pakistan-flagged tanker that entered the Persian Gulf over the weekend has become the first carrier to exit through the Strait of Hormuz with a crude cargo since a US blockade began on Monday, underscoring just how limited traffic through the vital chokepoint remains.

UAE accelerates nationwide infrastructure push with major projects across sectors

 Abu Dhabi: Infrastructure development projects launched across the UAE in 2026 reflect a comprehensive national vision aimed at advancing development across sectors and enhancing quality of life for all residents.Get updated faster and for FREE: Download the Gulf News app now - simply click here.Spanning energy, water, transport, roads, urban development and economic sectors, the projects highlight the UAE’s commitment to strategic planning, efficient delivery and the adoption of advanced...