Silver Prices Plummet

Silver prices dropped sharply on Thursday, losing over 20% of their value. Although losses were partially trimmed, this fall was one of the most significant for the precious metal.

Silver prices fell again on Thursday, as the spot ounce lost nearly 22% of its value and dropped below $72 in the morning before trimming its losses.

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2026-02-05T02:15:50+00:00

Emirates Celebrates Emirati-Kuwaiti Relations Week Onboard Flights

Emirates celebrated the Week of Emirati-Kuwaiti Relations with special onboard initiatives, featuring traditional desserts and a flight captained by a Kuwaiti pilot, highlighting the deep partnership between the two nations.

Economy Local

2026-02-05T02:03:32+00:00

Digital Revolution in UAE's Banking Sector

UAE banks are implementing a digital system to verify borrower incomes, abandoning paper salary certificates. This prevents the issuance of loans exceeding borrowers' real capabilities and reduces risks for banks.

Economy Politics Local

2026-02-04T22:46:13+00:00

Dubai and The Boring Company Launch Dubai Loop Project

Dubai's RTA has signed a strategic agreement with The Boring Company to implement the Dubai Loop tunnel project. Valued at AED 2 billion, the project aims to transform the city's mobility system and enhance transport efficiency.

Economy Events Local

2026-02-04T22:33:04+00:00

Dubai Launches 'First Buyer' Initiative for Residents and Non-Residents

The Executive Director of Dubai's Land Department announced the expansion of the 'First Buyer' initiative to include non-residents. Eight new developers have joined the program, with registrations exceeding 40,000 people.