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ZAWYA: Gold prices in Oman dip 27% from January peak

Staff WriterMuscat: After scaling record highs earlier this year, gold prices in Oman have fallen sharply, offering welcome relief to jewellery buyers and investors.The price of 24-carat gold, which reached OMR70.2 per gram on January 29, has dropped to around OMR 51.3 per gram on Tuesday—a decline…

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Futures
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ZAWYA: Kuwait’s MENA Homes renews $286mln loan facility

Staff WriterMENA Homes Real Estate Company, a Kuwait-based developer, has renewed its $286 million loan facility with a local bank.The Kuwait-listed United Real Estate Company owns a 48.45% in the company.MENA Homes stated the expected financial impact at the associate level includes an improvement…

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ZAWYA: PureHealth's Daman receives Moody’s A1 Insurance Financial Strength Rating

Abu Dhabi: PureHealth has announced that its insurance arm, The National Insurance Company - Daman, has been assigned an A1 Insurance Financial Strength Rating (IFSR) by Moody’s Ratings with a stable outlook. The A1 rating is the highest IFSR assigned by Moody’s to a UAE insurance company and the h…

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corp_bondStocks AE
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ZAWYA: Flyadeal 2026 summer routes go live

Jeddah, Saudi Arabia – flyadeal’s summer 2026 seasonal network has taken off, with flights to five popular holiday destinations including new services to Milan and Prague now operating. This marks the first time the the Saudia Group’s fast-growing low fare carrier has served Italy through Milan, on…

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ZAWYA: Ducab names Matteo Bavaresco as Group CEO to lead next phase of growth

Dubai, UAE: Ducab, a leading UAE-based provider of energy solutions, has announced the appointment of Matteo Bavaresco as its new Group CEO, effective immediately. His appointment marks an exciting new chapter for the company as it looks to accelerate its regional and international growth, having a…

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ZAWYA: $480bln fossil-fuel costs avoided by renewable energy boom in 2025

Abu Dhabi, United Arab Emirates - Renewable power costs remain low, making renewables the cheapest source of new electricity in most markets and further strengthening their cost advantage over fossil fuels.Renewable Power Generation Costs in 2025, released by the International Renewable Energy Agen…

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Economy