UAE private sector optimistic on 2020 growth revival

Dubai: The UAE’s non-oil private sector businesses is confident of a strong revival in growth in 2020 despite the down turn experienced by the sector in the fourth quarter of the year, according to the latest UAE purchasing managers’ Index (PMI) data from IHS Markit. “Looking ahead, the slowdown in output growth failed to sway […]

Dubai gold at Dh180 a gram? Price spike explained

Dubai: Dubai’s 22K gold price was set at just under Dh180 a gram on Monday (January 6), putting further pressure on the jewellery sector in its attempts to win back shoppers. Gold will sell at Dh179.25 a gram, but the pressure on the price could be relentless in the days ahead. Latest gold rates here […]