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Mazen Adel
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Business Editor — Business Simply Mazen simplifies business, finance, and economic news, focusing on what matters most: what does this news actually mean for the market and people? No complicated terms. No unnecessary details. Just Business, Simply.
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Dubai Land Department Launches Interest-Free Rent Scheme: Partner Bank Pays Landlord in Full, Tenant Pays in Installments
Dubai Land Department has announced an initiative to pay rent monthly without interest, while a partner bank settles the full annual rent with the landlord upfront. Official launch is set for September.
China Adds 19.9 Tonnes of Gold in July as Central Banks Buy 289t in Q2
China bought gold for a 21st straight month, its biggest purchase since 2023, while central banks worldwide added a record 289 tonnes in Q2.
Gold Above $4,400: Bullish, But Cautiously So
Gold holds above $4,400 on central bank buying and reviving ETF inflows, but inflation data and oil prices keep the risks two-sided.
Gold Forecasts for End-2026 Diverge Sharply: $4,600 to $6,000 an Ounce
Major investment banks are more than $1,400 an ounce apart on where gold ends 2026 - a gap that reflects deep disagreement over rates and the dollar.
Gold Funds Resume Buying... $3 Billion in July
Gold ETFs attracted $3 billion in July and increased their holdings by 23 tons to 4,068 tons, ending two months of outflows.
Shock US Jobs Report Sends Gold Soaring
Gold surged over 2% in a day and more than 7% for the week after the US unexpectedly lost jobs in July, crushing bets on a Fed rate hike.
Gold Holds Above $4,350 After Touching Two-Month High Near $4,450
Gold consolidates near $4,370/oz after peaking at $4,449, as softer US inflation data cools Fed rate-hike bets despite a firmer dollar.