Amazon announced on Tuesday that it has reached an agreement to purchase the US telecommunications satellite company Globalstar, aiming to expand its space-based internet infrastructure and compete with Elon Musk's Starlink.

Hare noted that renewable energy has also led to reduced electricity bills in certain regions of the United States and Australia.

RAKBank announced on Monday its strongest quarterly performance ever in the first three months of 2026, reporting a profit after tax of Dh1 billion, a 43 percent increase year-on-year, driven by growth in its balance sheet, expanding margins, and a one-time gain from an asset sale.

Lexus’ UAE dealer, Al Futtaim, reported a similar trend, with increasing demand for hybrids in recent months. “Overall, demand is evolving steadily, indicating a longer-term shift in how customers assess their mobility options, further reinforced by the current market dynamics,” said Jacques Brent, Managing Director of Al-Futtaim Lexus UAE.

Dubai’s property market is rising at a pace few global cities can match, but analysts say the current upswing is being driven by structural demand rather than speculative excess.

Dubai’s luxury property market achieved a new record, reaching 500 homes valued at $10 million in 2025, including a record 68 homes being sold worth more than $25 million, according to the property consultancy Knight Frank.This is compared to 435 luxury homes of $10-million-plus being sold in 2024 and 46 uber-luxury homes of $25 million-plus valued changing hands during the year.Faisal Durrani, partner and head of research for Mena at Knight Frank, said there is a huge appetite among regional an

The Indian rupee's record low against the UAE dirham and the US dollar's mixed bag of fortunes has resulted in a price drop in some goods. However, rising production and transportation costs in India often outweigh the currency advantage.The Indian rupee has hit an all time low against the Emirati currency and the US dollar, reaching 24.6 against the dirham and 90.4 against the greenback.Shuaib Alhammadi, director of community relations, Union Coop, said this is an opportunity to import more fro

The Indian rupee declined to a record low on Thursday (Dh24.53), deepening its fall past the 90-per-dollar mark as corporate dollar sales and the lack of tangible progress towards a trade deal with the US hurt Asia's worst-performing currency.The rupee has fallen more than 5 per cent against the dollar in 2025, as US tariffs of up to 50 per cent on Indian goods have hurt exports to the country's biggest market and have diminished the appeal of local equities.Foreign investors have pulled out nea

The way UAE residents manage and understand their credit is undergoing a major transformation with Etihad Credit Bureau (ECB) rolling out sweeping reforms designed to give customers more control over their financial data and a clearer view of how their credit behaviour shapes opportunity.