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UAE banks roll out relief measures for residents amid rising cost pressures
Dubai: UAE banks are rolling out a series of relief measures — from free loan deferrals to zero-interest payment plans — as residents navigate mounting financial pressures amid the ongoing crisis. In return, lenders are widening support across housing, healthcare and everyday expenses.Banks are increasingly embedding flexibility into their offerings through temporary payment relief or new financing models that ease upfront costs.Sign up for our daily business newsletter, Cheques & Balances.These...
KLM and Lufthansa CANCEL hundreds of flights amid soaring fuel costs
KLM and Lufthansa CANCEL hundreds of flights as fuel cost soar amid Iran warThe global air travel crisis has spread further as Lufthansa and KLM became the latest airlines to announce flights axed to and from major destinations, including London HeathrowCommentsNewsBenedict Tetzlaff-Deas News Reporter10:35, 17 Apr 2026Updated 10:45, 17 Apr 2026View 3 ImagesMore flights have been axed as the Iran war hits air travel(Image: AP)Hundreds of flights have been cancelled by two major airlines amid warn...
Sebi allows 50% IPO size cut without refiling: What it means for investors
Sebi allows IPO size cut without refiling What it means for investors
UK Energy Stocks Fall as Reeves Eyes Delinking Gas-Power Prices
UK power stocks dropped after Chancellor of the Exchequer Rachel Reeves said the government was drafting plans to delink gas prices from electricity costs, raising concerns that lower power prices would hurt earnings for generators.
India Clarifies Gold and Silver Import Confusion Before Festival
The Indian government has issued a notification on gold and silver imports, after confusion over policy had held up the precious metals at customs, just days before a Hindu festival when buying bullion is considered auspicious.
Personal insolvencies jump as debt relief order registrations reach record high
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£100 home heating oil grant to be paid out by ‘summer at earliest’
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Gold enters ‘healthy consolidation phase’ after retail buying surge: Report
Gold is experiencing a healthy consolidation after a retail-driven buying spree, particularly in India, China, and the US, according to Jefferies. While demand has cooled, evidenced by a sharp drop in Indian gold imports, the mining sector shows robust fundamentals. Companies are prioritizing shareholder returns over expansion, with strong cash flows expected, suggesting continued sector support.
FBR reduces Islamabad property valuation rates by up to 33%
BusinessFBR reduces Islamabad property valuation rates by up to 33%By Shoaib Nizami-Apr 17, 2026ISLAMABAD: The Federal Board of Revenue (FBR) has reduced the fair market valuation rates of immovable properties across several sectors of Islamabad by up to 33%, following objections raised by real estate associations. According to officials, property dealers and real estate stakeholders had complained that valuation rates in certain areas were significantly higher than prevailing market prices. Aft...
Akshay Tritiya property plans? Don't miss these 5 key checks
Akshay Tritiya property plans Dont miss these key checks
Tycoon Pan Shiyi slams China property ‘Ponzi’ as Evergrande boss pleads guilty
Property tycoon Pan Shiyi issued a rare critique of China’s real estate sector, describing its development model as a “Ponzi scheme” and urging the industry to restore integrity and better protect homebuyers, just days after a fraud trial saw a guilty plea from the founder of China Evergrande – the US$300 billion debt juggernaut whose 2021 collapse triggered a systemic property meltdown. Writing from the United States on Thursday via his personal WeChat account, Pan reflected on the trajectory.....
US-China tensions simmer, economy outperforms, Auto China begins
The China-US trade war bubbled away this week, even as the Strait of Hormuz shutdown dominated global headlines. The US is finalising a multinational agreement on trade and critical minerals to break China’s grip on vital resources, US Trade Representative Jamieson Greer told lawmakers on Thursday. He also sought a higher budget to support more trade investigations, and suggested potential action to pare US farmers’ reliance on Chinese orders. “We’re not just going to lay down and let the...
iPhone 15 Plus price drops by Rs 42,000
iPhone Plus price drops by Rs
Markets Await Clarity on Iran Talks
Traders are waiting for further details of a potential peace deal between Iran and the US ahead of the weekend at the end of a febrile week. Meanwhile there's little room for disappointment as companies start to feel the impact of the war. (Source: Bloomberg)
Philippine foreign ownership rules updated: What it means for global investors
Dubai: The Philippines has updated its foreign investment framework, maintaining strict ownership limits in various fields while gradually opening others to global investors.Philippine president Ferdinand Marcos Jr. has signed executive order (EO) 113, approving the 13th regular foreign investment negative list (RFINL). The measure defines where foreign investors can participate in the economy and where they cannot under the foreign investments act of 1991.Get updated faster and for FREE: Downlo...
'I'm a mortgage expert - you should pay off early and there's an easy way'
'I'm a mortgage expert - you should pay off early and there's an easy way'She said it wasn't just about getting on the ladder, but what you do when you get thereCommentsMoneySteven Smith Content Editor09:54, 17 Apr 2026View 3 ImagesMichelle Woolley(Image: Michelle Woolley/Newspage)An expert has explained why you should pay off your mortgage early – and how you can do it easily. For years, the focus has been on getting onto the property ladder, but one expert has pointed...
PM Shehbaz approves Rs32.12 per litre cut in high-speed diesel price
Prime Minister Shehbaz Sharif on Friday approved a reduction in the price of high-speed diesel by Rs32.12 per litre to bring the rate down to Rs353.43 per litre. According to a statement from the Prime Minister’s Office, the approval was part of a decision aimed at providing relief to the public. The government has decided not to make any change in the price of petrol, keeping it unchanged at Rs366.58 per litre. The prime minister said the impact of the reduction in petroleum prices wou...
Europe may face flight cancellations by end of May over jet fuel shortages, IATA warns
The International Air Transport Association (IATA) warned on Friday that Europe could see flight cancellations by the end of May because of jet fuel shortages, as supply disruptions linked to the Middle East conflict continue to strain global markets. “The International Energy Agency's (IEA) assessment of potential jet fuel shortages is sobering,” IATA Director General Willie Walsh said in a statement. Walsh said the industry group had also estimated that “by the end...
HKEX Plans to Cut Trade Settlement to One Day From End of 2027
Hong Kong’s stock exchange operator is planning to halve the time it takes to settle stock trades, matching a global push toward shorter settlement windows despite concerns over the operational hurdles for Western investors.
Oil falls by over 11% after Iran FM declares Strait of Hormuz open
Oil prices plunged by about 11% on Friday, extending earlier losses, after Iran's foreign minister said that passage for all commercial vessels through the Strait of ‌Hormuz was open for the remaining ceasefire period. Brent crude futures were $10.59, or 10.7%, lower at $88.80 a barrel at 1340 GMT, after falling to a session low of $87.71. US West Texas Intermediate crude futures were down $10.80, or 11.4%, at $83.89 a barrel, after touching $83. Both contracts were tr...