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Some UAE banks offer loan deferments, flexible payment plans amid regional conflict
[Editor's Note: Follow Khaleej Times live blog amid US-Israel-Iran war for the latest regional developments.]Some UAE banks are offering loan deferments and flexible payment options to support customers affected by ongoing regional tensions, with targeted measures for SMEs and frontline personnel.Abu Dhabi Islamic Bank (Adib) has rolled out its “Sanadna” initiative, providing payment deferrals and financial relief to frontline workers and small and medium-sized enterprises.Under the s...
'Last chance' for anyone aged under 65 before HMRC allowance slashed
'Last chance' for anyone aged under 65 before HMRC allowance slashedTax-free limits are being slashedCommentsMoneySteven Smith Content Editor08:57, 05 Apr 2026View 3 ImagesHMRC is making changes(Image: MarioGuti via Getty Images)Financial experts have warned people that upcoming changes means a 'last chance' to maximise what's available. Millions of ISA savers face a ticking clock as the new tax year kicks off to make the most of their full £20,000 HMRC allowance in cash...
Single mum-of-three saves £1,000 a month while working 20 hours a week
Single mum-of-three saves £1,000 a month while working 20 hours a weekEmma Smith, 34, from Glasgow claims to save £1,000 a month - money she puts towards swimming lessons, activities and budget holidays with her three boys.CommentsMoneyPhoebe Jobling, Emma Mackenzie Features Writer and SWNSOliviaStringer (Olivia Stringer)08:51, 05 Apr 2026Updated 08:51, 05 Apr 2026View 4 ImagesEmma Smith uses the money she's saved on family holidays(Image: SWNS)A single mum-of-three is managing to save £1,0...
Cornwall mum stranded in India with horror injuries after 'head-on collision'
Cornwall mum stranded in India with horror injuries after 'head-on collision'Mum-of-five Roxanne Bolton, 39, will need 'several' procedures after she was flung from a motorcycle in a horror collision in India, leaving her in 'extreme pain' with multiple injuriesCommentsNewsBritta Zeltmann and Zahra Khaliq News Reporter08:46, 05 Apr 2026View 3 ImagesRoxanne Bolton, 39, was caught in a horror collision while travelling in India(Image: Supplied)A British mum is strande...
Thousands of pounds of clothes, tech and vinyl abandoned in shopping centre
Urban explorers have found massive piles of brand-new clothing, iPads and vinyl records in an abandoned shopping centre.Stretford Mall, on the outskirts of Manchester, closed its doors to shoppers at the end of February, and is due for demolition - but it appears there was thousands of pounds worth of stock left behind when the traders moved out. Left behind are piles of goods once destined for sale, scattered throughout the premises.The launch of Stretford Mall in the 1960s was described at the...
DWP state pension age rises and payments increase from Monday
DWP state pension age rises and payments increase from MondayAs the new tax year begins there are important changes people need to knowCommentsMoneySteven Smith Content Editor08:22, 05 Apr 2026View 3 ImagesChanges are happening from Monday(Image: Harbucks via Getty Images)Significant alterations to state pensions are taking effect from April, impacting both the sums received by pensioners and the retirement age for certain people. As the fresh tax year begins on Monday, April 6, those drawing pe...
OPEC+ to discuss oil production rise as Iran war weighs on markets
VIENNA, Austria: Key members of the OPEC+ oil cartel will on Sunday discuss production quotas for next month as the US-Israeli war against Iran unsettles global oil markets. The eight-strong V8 (Voluntary Eight) group in the alliance, which includes top oil producers Saudi Arabia and Russia — as well as several Gulf states who have been hit by Iran’s retaliatory airstrikes — are to decide whether to increase production as prices rise. Last month, the group announced a higher-th...
Saudi Arabia’s non-oil business activity shrinks in March amid Iran war PMI shows
Saudi Arabia’s non-oil private sector activity contracted in March for the first time since August 2020, as the Iran war snarled up supply chains, a business survey showed on Sunday. The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI), compiled by S&P Global, tumbled to 48.8 in March from 56.1 in February. Readings below 50 denote contracting activity. Naif Al-Ghaith, Riyad Bank’s chief economist, said the drop into contraction territory was...
'Elderly couple had to find £1k for home heating oil'
'Elderly couple had to find £1k for home heating oil'Just nowShareSaveAdd as preferred on GoogleRobbie MacdonaldLocal Democracy Reporting ServiceGetty ImagesOne elderly couple told a councillor they had to find £1,000 for an oil deliveryPeople living in rural Lancashire have seen prices double for their home central heating oil since the US-Israel war with Iran began, councillors at one local authority have said.Current oil supply uncertainty means some households are having to accept...
Edible oil and ghee prices likely to surge in Pakistan after petrol hike
After a sharp increase in petroleum prices, a further rise in the prices of ghee and edible oil is now expected, adding to public concerns over inflation. In Pakistan, increases in fuel prices typically lead to a rise in the cost of essential goods. Following the recent hike, prices of various items, including transport fares, have already gone up despite government assurances. An adviser to the Pakistan Vanaspati Manufacturers Association, Kainat Raza, has warned of a significant increase in gh...
Lost your job? How UAE borrowers can renegotiate loan repayments
Question: If I lose my job, what options do I have to negotiate the repayment terms of my outstanding loans with UAE banks? Can payments be deferred?Answer: Pursuant to the queries raised, the provisions of the consumer protection regulation issued by the Central Bank of the UAE are applicable.Stay up to date with the latest news. Follow KT on WhatsApp Channels.In the UAE, lenders are required to support borrowers facing financial difficulties by offering qualified credit counselling, encouragi...
PM reviews fuel subsidy measures, vows continued public relief amid economic challenges
Prime Minister Shehbaz Sharif said on Sunday that the government was taking and would continue to take all possible measures to provide relief to the public during the current challenging situation. The prime minister chaired a meeting where officials briefed him on the progress of subsidy disbursement as well as national fuel reserves and consumption. The premier said passenger buses would receive a monthly subsidy of Rs100,000, while mini-buses and wagons would get R...
China’s long-delayed skyscraper, Goldin Finance 117, nears completion amid property woes
Once dubbed the world’s tallest abandoned skyscraper, Goldin Finance 117 in northern China appears to be in the homestretch of a marathon construction effort – after nearly a decade of dormancy and a year of resumed work – even as the nation’s property market struggles to leg out a sustained recovery. Late last month, workers began installing a diamond-shaped crown on top of the building – designed to be 596 metres (1,955 feet) tall upon completion – in the port city of Tianjin, according to...
Chinese buy flats for cremated ashes due to high cemetery costs, leading to law against practice
As Chinese cemeteries become increasingly expensive many people are buying flats to store the ashes of their loved ones, triggering a discussion which has divided public opinion. Chinese families have long placed great importance on burial practices, with securing a respectable grave regarded as an essential act of filial piety. However, as rapid urban development limits available land and an ageing population drives up demand, burial space has become increasingly scarce, giving rise to...
Hong Kong economy showed resilience in first quarter of 2026, Paul Chan says
Hong Kong’s economy showed resilience in the first quarter of 2026 amid a more volatile stock market, even though the conflict in the Middle East continued to fuel market jitters, the city’s finance chief has said. In a review of the city’s economic health in the first three months of this year, Financial Secretary Paul Chan Mo-po on Sunday attributed Hong Kong’s performance to the steady growth of mainland China’s economy, with the city leveraging the situation to establish itself as a global.....
Can companies avoid layoffs? What UAE law allows employers to do
[Editor's Note: Follow Khaleej Times live blog amid US-Israel-Iran war for the latest regional developments.]Question: As you know, many measures are being considered as companies navigate regional tensions. Under UAE labour law, can you explain the legal framework around alternatives to termination? What are these options, and how can employers use them to retain staff?Stay up to date with the latest news. Follow KT on WhatsApp Channels.Answer: Pursuant to your queries, the provision...
K-P announces Rs2,000 fuel subsidy for bikers, rickshaw owners
The Khyber Pakhtunkhwa (K-P) government on Sunday, in response to surging petrol prices and an ongoing energy crisis, launched the Ehsaas Fuel Support Programme, under which motorcycle, scooter, and rickshaw owners will be given Rs2,000. Special Assistant to the Chief Minister on Information and Public Relations, Shafi Jan, said in a statement on X that the initiative had been introduced on the instructions of CM Sohail Afridi to provide financial relief to transport users. “A sum o...
Cuba Completes Unloading of Russian Oil Tanker – Oil Company
Cuba has completed the unloading of a Russian tanker carrying 100,000 tonnes of humanitarian oil cargo, the state Union Cuba-Petroleo (CUPET) oil and gas company said on Saturday.
OPEC+ debates theoretical oil output hike amid Iran war paralysis, sources say
LONDON: OPEC+ may approve an oil output increase on Sunday, four sources from the group said, a rise that will largely exist on paper as its key members are unable to raise production due to the U.S.-Israeli war with Iran. The war has effectively shut the Strait of Hormuz – the world’s most important oil route – since the end of February and cut exports from OPEC+ members Saudi Arabia, the UAE, Kuwait and Iraq, the only countries in the group which were able to significantl...
UAE President mourns Salem Al Saman, honours his role in nation’s economic transformation
UAE President Sheikh Mohamed bin Zayed Al Nahyan has mourned the passing of Salem Al Saman, paying tribute to his legacy as a long-standing businessman and his contributions to the country’s early economic development. He highlighted Al Saman’s close work alongside the late Sheikh Zayed, noting the significant role he played during the UAE’s formative years and his lasting impact on the nation’s growth and progress.Stay up to date with the latest news. Follow KT on WhatsApp Channels.In a post o...