UAE residents can now track and improve their credit score in real-time
Reverse home bias and the New Year resolution that can change your wealth
UAE businesses continue to remain on strong growth track
India upgrades economic growth forecasts 2025-26 to 7.4%
NEWS
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
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:
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
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
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.
All January 9 flights to Iran cancelled, Flydubai spokesperson confirms
[Editor's Note: Follow Khaleej Times' live blog for real-time updates on the protests in Iran]According to the Dubai Airport website, at least 17 flights have been cancelled from Dubai to various Iranian cities including Tehran, Shiraz and Mashhad. A Flydubai spokesperson told Khaleej Times that all its flights to Iran on Friday (January 9) have been canceled. “We are in direct contact with passengers whose travel plans have been affected,” the spokesperson said. “We will continue to monitor the
TRENDING
Etihad flies a record 22.4 million passengers in 2025, launches 16 new routes
Abu Dhabi-based Etihad Airways carried 22.4 million passengers in 2025, an increase of 21 per cent year-on-year and the highest annual total in its history.The UAE national carrier’s passenger load factor in 2025 reached 88.3 per cent, up two percentage points compared with 2024, reflecting strong commercial performance throughout the year.The increase in passenger traffic was driven by sustained demand and disciplined capacity growth across its expanding global network..In December 2025 alone,
Du reports 7.9% year-on-year increase in revenues, reaching Dh3.87 billion in Q3 2025
Emirates Integrated Telecommunications Company PJSC (du) on Thursday reported a solid financial and operational performance for the third quarter of 2025, underpinned by strong commercial momentum, disciplined execution, and strategic investments in high-growth areas.The telecom operator posted a 7.9 per cent year-on-year increase in revenues, reaching Dh3.87 billion for the quarter, driven by robust growth across its mobile, fixed, and ICT segments. Net profit rose to Dh732 million, marking a 1
UAE's mobile market set for data-driven growth as 5G subscriptions surge
The mobile services sector in the UAE is set for a steady advance over the rest of the decade as demand for high-volume data plans and widespread 5G adoption reshape how consumers and businesses use mobile networks. According to new modelling by analytics firm GlobalData, mobile service revenue in the UAE is projected to grow at a compound annual growth rate (CAGR) of 4 per cent between 2025 and 2030 — a shift driven by rising data consumption even as traditional voice revenue continues to decli
Why crude oil’s slide looks set to hit $50 this year
Oil prices are drifting lower with a stubborn sense of inevitability, weighed down by swelling supply and an unconvincing geopolitical risk premium, even after the shock of a US strike in Venezuela.From Wall Street to Mumbai, analysts are converging on a view that crude could revisit levels last seen during periods of acute oversupply, with Brent flirting with $50 a barrel by mid-year and struggling to mount a durable recovery.The immediate drag is Opec+ itself. After years of restraining output
RECOMMENDED
Oil steadies as market assesses potential disruption in Iran, dealmaking for Venezuela
Oil prices steadied on Friday as concerns about potential disruption to Iran's output were offset by expectations of increased supply from Venezuela.Brent futures gained 18 cents, or 0.3 per cent, to $62.17 per barrel by 1005 GMT, while US West Texas Intermediate (WTI) crude climbed 17 cents, or 0.3 per cent, to $57.93.Both benchmarks climbed more than 3 per cent on Thursday, following two straight days of declines. For the week, Brent is on track to climb 2.3 per cent, while WTI has gained 1 pe
Airbus CEO says Boeing likely to win order race this year
Airbus CEO Guillaume Faury conceded likely defeat in the annual order race against Boeing on Wednesday, saying it was possible Boeing would win for the first time in six years, helped by settlements over U.S. tariff disputes.Airbus remains ahead of its U.S. rival in deliveries and the pipeline of outstanding orders, Faury told France Inter. Buoyed by strong demand for its 787 long-haul jet, Boeing on Wednesday posted 908 net orders after cancellations between January and November, compared with
Warner Bros bidding war and red hot M&A market has dealmakers working through holidays
A flurry of multi-billion-dollar deals has bankers and advisers from Wall Street to Canary Wharf packing laptops next to presents and warning family and friends their holiday vacations over the next two weeks will be cut short. There have been $463.6 billion in mergers and acquisitions announced this month, 30% more than last year, including Trump Media Technology Group's $6 billion merger with nuclear fusion firm TAE Technologies, IBM's $11 billion purchase of data infrastructure company Confl
Abu Dhabi to invest Dh240 billion in infrastructure over the next 7 to 10 years
Abu Dhabi will invest Dh240 billion ($65.4 billion) over the coming years in infrastructure development, with a strong role for private-sector entities, as the emirate sees its population doubling by 2040, a senior official said on Monday.“A lot of people think infrastructure is construction, but it touches a lot of different economic sectors — hospitality, healthcare, education, construction and transportation, etc. When the government actually pumps a lot of investment into infrastructure and
YongKang International Trading Co Ltd strengthens global presence with strategic expansion into UAE’s energy storage sector
In a significant move that highlights the UAE’s growing importance as a regional energy and logistics hub, YKI – YongKang International Trading Co Ltd, a Taiwan-founded enterprise with advanced production capabilities in China, has officially expanded its operations into the UAE
India regulator alleges Bank of America breached rules in 2024 stock deal, document shows
India’s markets regulator has accused a Bank of America (BofA) unit of violating its insider trading rules and breaking internal "Chinese walls" in connection with a 2024 share sale, a notice showed.The notice followed a Securities and Exchange Board of India (SEBI) investigation into the conduct of the bank's domestic securities unit in managing a March 2024 stock sale of Aditya Birla Sun Life Asset Management (ABSL AMC).The investigation found the bank's deal team, while holding unpublished pr
Aldar successfully prices $1 billion hybrid notes to accelerate growth agenda
Aldar has successfully priced its $1.0 billion subordinated dated hybrid notes. The transaction attracted robust demand from a global institutional investor base, underscoring confidence in Aldar’s credit profile, and earnings outlook as it continues to deliver on its transformational growth strategy.Proceeds from the issuance are intended to support the continuation of Aldar’s growth agenda and its strategic priorities, including landbank replenishment, expansion of its develop-to-hold portfoli
2025 Bentley Flying Spur Speed review: The new hybrid flagship
For over a century, Bentley has embodied a blend of stateliness and raw ability, earning its place in novels, films and countless celebrity garages. Among its coupés, sedans and SUVs, it is the Flying Spur we focus on today, now the brand’s flagship following the Mulsanne’s retirement. Fortune struck when I was handed the keys to a nearly Dh2 million 2025 Bentley Flying Spur Speed to experience its craftsmanship and performance.
Europe's auto industry future may be electric even after EU climbdown
Brussels' proposal to abandon a 2035 deadline for a total shift to fully electric driving allows Europe's legacy carmakers more time to sell hybrids, but for the longer term, EVs are still the future, analysts and experts said.Last month, the European Commission published plans to abandon an effective 2035 ban on combustion engine cars, after lobbying from the region's auto sector, helping them better compete against fast-moving Chinese rivals.Plug-in hybrids, range-extended EVs, which use a sma
8 Essential Elements That Shape the Success of an Online Business in the UAE
The UAE is one of the fastest-expanding eCommerce markets in the region, with online retail continuing to gain momentum year after year. For entrepreneurs, launching an online business may seem straightforward, but sustaining growth in such a competitive environment requires much more than just listing products and waiting for sales to happen.Many new business owners focus heavily on profits from day one. While revenue is important, long-term success depends on a combination of operational, tech
How to Reduce Startup Costs for Small Businesses?
Starting a small business in the UAE can be exciting, but it often comes with high initial costs. From company registration to office setup, equipment, and marketing, expenses can quickly add up. Even with careful planning, new entrepreneurs often find themselves spending tens of thousands of dirhams in the first year.The key to success is managing these expenses wisely. By finding smarter alternatives, you can stretch your budget without compromising quality or growth potential. Here are some p
Unlock Financial Freedom: How Orange.Life! Redefines Real Estate as Your Gateway to Passive Income
Where bricks and mortar transform into your personal wealth engine - discover the smarter way to invest in tomorrow's lifestyle today
ARYA by Citi Developers Redefines Luxury Living on Dubai Islands with Unparalleled Waterfront Residences
Where visionary design meets emotional resonance, crafting a narrative in every exquisite detail
Akala by Arada: Redefining Luxury Living with Dubai's Groundbreaking Wellness Destination
Dubai welcomes an unprecedented fusion of luxury residences and cutting-edge wellness technology at the heart of its financial district
Indian rupee slips near record low amid dollar demand and Fed policy jitters
The Indian rupee extended its losing streak on Wednesday, pressured by robust dollar demand from importers making month-end payments and declining hedging costs that made bearish bets on the currency more attractive.
Asian Remittance Boom: How Weak Currencies Fuel Digital Money Transfers from Gulf
A financial wave is sweeping across Asia as digital remittances from Gulf nations surge, driven by favorable exchange rates and tech-savvy expatriates capitalizing on weakening home currencies.
UAE Shoppers Rejoice: Indian Imports Set to Get Cheaper as Dirham Gains Strength
Consumers in the UAE are about to enjoy significant savings on Indian imports as the dirham's recent surge against the rupee promises to bring down prices across supermarkets and retail stores, according to market experts.
Crypto Isn't Easy – But Here's Why It's Worth the Effort
When you mention cryptocurrency investment to friends, you'll likely hear the same skeptical responses: "It's not real money," "Just a bubble," or "Only criminals use it." After nearly a decade in this space, I've heard every superficial criticism. The reality? Crypto is legitimate – but mastering it requires serious work.
Transform Your Finances: How Monthly Savings Can Build Your Future Wealth
Just like clockwork, we pay bills, dine with friends, and manage countless monthly routines without a second thought. But what if you could make growing your wealth just as effortless? By turning savings into a monthly ritual—whether at month-end or payday—you'll unlock financial freedom sooner than you think. Future-you will thank present-you for this simple yet powerful shift.
The 21-Day Wealth Hack
Let's face it: Starting is the hardest part. Like that first gym session after years of couch-
Credit Card Secrets: How to Avoid Hidden Fees and Maximize Your Benefits
Plastic money has become second nature - we swipe for coffee, tap for groceries, and wave our phones at checkout without a second thought. But behind the convenience lies a financial minefield most cardholders don't fully understand. From sneaky interest charges to missed reward opportunities, here's your ultimate guide to mastering your credit card.
The Shocking Truth About Interest Rates
Did you know UAE credit cards charge between 2-4% monthly interest? That compounds to a staggering 24-48%
ECB Warns Against Overreacting to Temporary Inflation Dip Below Target
The European Central Bank is urging caution against excessive policy responses to the euro zone's current below-target inflation, with one of its top officials predicting a natural rebound in price growth.
In an exclusive interview with Reuters, ECB Governing Council member Boris Vujcic argued that the central bank shouldn't attempt "precision surgery" on minor inflation fluctuations after cutting rates for the eighth consecutive month. While Thursday's rate reduction came alongside projections
UAE Economy Set for Strong Growth as World Bank Boosts 2026-2026 Forecasts
The United Arab Emirates is poised for significant economic expansion in the coming years, with the World Bank substantially upgrading its growth projections through 2027. The nation's diversified economy continues to show remarkable resilience against global headwinds.
In its newly released Global Economic Prospects report, the World Bank revised its UAE GDP forecasts upward by substantial margins - increasing the 2026 projection by 0.6 percentage points to a robust 4.6%, while boosting the 202
US-China Trade Breakthrough: Landmark Deal Reached After Marathon Negotiations
In a major development for global trade, President Donald Trump announced Wednesday that the United States and China have finalized a comprehensive trade agreement following intensive negotiations in London. The breakthrough comes after months of escalating tensions that threatened to derail economic relations between the world's two largest economies.
The President revealed key details through his Truth Social platform, stating: "Our deal with China is done, subject to final approval with Presi
Matbakhi: Revolutionizing Saudi Arabia's Hotel F&B Industry with Tech-Driven Innovation
This groundbreaking platform is reshaping the entire food service ecosystem - empowering hotels, delighting guests, and nurturing culinary talent across the Kingdom