Browsing: decrease

The real estate market in the UAE continues to flourish, with both Dubai and Abu Dhabi experiencing rises in sales prices and rents, as reported by CBRE Middle East’s Residential Market Review for the first quarter of 2024.

The UAE’s non-oil private sector sustained growth in April, despite significant rainfall – the most severe since records began in 1949 – disrupting business operations and impacting sales.

Gold prices declined further as the UAE markets opened on Tuesday, shedding over AED 10 per gram within the last 24 hours.

Gold prices dropped by nearly three dirhams per gram in the UAE on the first trading day of the week. In the UAE, the 24K variant of the precious metal was trading at AED 286.75 per gram at 9 am on Monday, compared to AED 289.5 per gram at the close of the markets on Friday. Meanwhile, 22K, 22K, and 18K declined to AED 265.5, AED 257.0, and AED 220.25 per gram, respectively.

Prices of numerous commodities and grocery items in the UAE are forecasted to decrease in the forthcoming months owing to abundant production and imports following anticipated good monsoon conditions in India.

On Monday, Tokyo stocks saw a significant decline in the opening moments, with the 225-issue Nikkei Stock Average dropping 647.28 points, or 1.64 percent, from Friday’s close to reach 38,876.27 within the first 15 minutes of trading.

The UAE has revealed the retail fuel prices for March. The fuel price committee raised the retail rates for Super 98, Special 95, and E-Plus 91 by up to 16 fils per litre from February.

The Kuwait Petroleum Corporation (KPC) reported a decrease in the price of Kuwaiti oil on Friday, falling by US$2.44 to $82.27 per barrel, as opposed to the previous day’s $84.71 per barrel. As outlined by the Kuwait News Agency (KUNA), Brent Crude and West Texas Intermediate experienced increases in the global markets, rising by $3.19 and $2.99. They settled at $80.61 per barrel and $75.89 per barrel, respectively, according to WAM.

It has been reported that gas prices will decrease throughout the entire UAE in September.…