On Akshaya Tritiya, the auspicious spring festival for Hindus to buy gold, Indian investors look to make the best of it and buy the precious metal.
Domestic Jewellers expect a strong demand during this week, with a sharp rise in the sales during the season. However, buying physical gold is not the only option available to the investors.
With the 2022 Akshaya Tritiya demand and the triggers of inflation, geopolitical concerns and fear of recession, gives a spark of hope for gold, said NS Ramaswamy, Head of Commodities, Ventura
Places in Dubai where apartments and villas offer the best return on investment
A number of recent UAE initiatives and regulations, including the flexible Golden Visa laws and the Dubai Land Department’s decision to make all real estate data publicly available, have drawn increased attention from foreign investors, startup owners, entrepreneurs, and skilled professionals into the real estate market, bolstering an already active sector.
With an eye on long-term safe haven investments, real estate investors who are looking to buy properties and rent them out have turned their eyes to specific segments of the market where the rental yield is the highest in the emirate.
Why 2022 will see public exploration and production companies reporting record profits
Public exploration and production (E&P) companies are on track to shatter previous record profits in 2022, according to research revealed by Rystad Energy.
High oil and gas prices and surging demand will drive financial success, with total free cash flow (FCF) – which shows a company’s cash from operations after accounting for outflows and asset maintenance – expected to balloon to $834 billion.
How to take advantage of rising interest rates
As expected, the US Federal Reserve on Wednesday hiked its key short-term interest rate for the first time since 2018.
The central bank is expected to raise rates several more times this year, but in small increments. Since those hikes are coming off a 0% rate today, by early 2023 the US economy is still likely to be operating in a fairly low rate environment, relatively speaking.
Gold price returns to fresh high
The price of gold has hit a fresh all-time high of $1,048.40 an ounce after a continued decline in the dollar kept it attractive to investors.
It came a day after having pushed past the previous record of $1,033.9, which was set in March last year.
Analysts said that there was still potential for prices to rise further if the dollar remained weak.
DIFC launches new ‘Innovation License’ to boost creativity, entrepreneurship
Dubai International Financial Centre, DIFC, has announced the launch of a new license for startups, entrepreneurs and technology firms.
The new “Innovation License” will attract new types of businesses to the centre and is a key initiative for the Dubai Future District, which was announced in January 2020, said a DIFC press release on Tuesday.
The new license will support innovation, creativity and entrepreneurship in the region. Entrepreneurs will grow and scale their business using the DIFC’s independent English Common Law based legal and regulatory framework, world class intellectual property and data protection regime.