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Gold rebounds toward $5,000 ahead of US inflation

Gold dropped about 3 per cent to a near one-week low on Thursday, breaking below the $5,000-an-ounce key support line as selling pressure intensified after an equities rout

Reuters
Reuters

13 February, 2026

Gold rebounds toward $5,000 ahead of US inflation
Image credit: Getty Images

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Article Summary
Gold rebounded Friday awaiting US inflation data, crucial for interest rate direction after strong jobs data. Thursday's dip below $5,000 was linked to equity declines. The market anticipates potential interest rate cuts later this year. Silver, platinum, and palladium also saw movement, with varied weekly performance.

Gold rebounded on Friday, recovering from a nearly one-week low in the previous session, as investors await key US inflation figures for cues on the direction of interest rates following robust jobs data.

Spot gold was up 1.2 per cent at $4,979.49 per ounce as of 0814 GMT, and has gained 0.4 per cent so far this week. US gold futures for April delivery climbed 1 per cent to $4,998.30 per ounce.

“With volatilities as heightened as they are and these big round levels offering ($5,000), you know, sort of indicators of where positioning might be, big breaks certainly accelerate these moves,” said Kyle Rodda, senior market analyst at Capital.com.

Gold dropped about 3 per cent to a near one-week low on Thursday, breaking below the $5,000-an-ounce key support line as selling pressure intensified after an equities rout.

“Precious metals came down with equities last night. They didn’t really have much of a macro catalyst,” Rodda said.

Asian shares retreated from record highs on Friday as worries about shrinking margins in the tech sector hit the likes of Apple.

The yellow metal also came under pressure after data released on Wednesday showed the US job market began 2026 on firmer footing than expected, reinforcing the view that policymakers may keep rates elevated for longer.

The US consumer price index data is expected later in the day. Markets are pricing in two 25-basis-point cuts this year, the first of those expected in June. Non-yielding bullion tends to do well in low-interest-rate environments.

Elsewhere, gold flipped to a discount in India this week for the first time in a month on subdued demand as volatile prices deterred buying, while the Chinese market saw robust demand as it heads into the Lunar New Year holiday.

Spot silver climbed 4.6 per cent to $78.59 per ounce, rebounding from an 11 per cent drop on Thursday, though it remained on track for a weekly gain of 0.7 per cent.

Spot platinum added 1.7 per cent to $2,033.99 per ounce, while palladium rose 2.8 per cent to $1,661.97. Both metals were set to notch weekly losses.

Read: Why gold and silver crashed, wiping out trillions

Apple fixes photo exposure, Safari history bug across devices

Apple released critical security updates on February 11 to fix vulnerabilities exposing private photos and Safari history, with one flaw already exploited in targeted attacks

Gulf Business
Gulf Business

13 February, 2026

Apple fixes photo exposure, Safari history bug across devices
Image: Getty Images/ For illustrative purposes

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Article Summary
Apple released security updates (iOS 26.3, iPadOS 26.3, Safari 26.3, macOS updates) on February 11 to patch vulnerabilities affecting iPhones, iPads, and Macs. These flaws could expose private photos, browsing history, and allow unauthorized access. Apple urges users to update immediately via device settings to mitigate potential privacy and security risks, as at least one vulnerability was actively exploited.

Apple Inc has released a set of security updates, addressing vulnerabilities that could expose private photos and browsing history on its devices, according to documents on the company’s support site.

Apple has released security updates to address multiple vulnerabilities across its devices, urging users to install the latest software to reduce potential privacy and security risks.

The company released iOS 26.3 and iPadOS 26.3 on February 11, alongside Safari 26.3 and related macOS updates, as noted in security updates published on its support website.

The updates patch a range of issues affecting iPhones, iPads and Macs.

Apple said the releases fix vulnerabilities in areas including the operating system kernel, WebKit, Safari and system services.

Some of the flaws could have allowed apps to access sensitive user data or execute unintended actions. In at least one case, Apple said it was aware of reports that a vulnerability may have been actively exploited.

The company typically discloses technical details only after patches are made available, to limit the risk of further exploitation.

Apple recommends users install the updates promptly via device settings.

How to update Apple devices

  1. On iPhone or iPad, go to Settings > General > Software Update and install iOS 26.3 or iPadOS 26.3.
  2. On Mac, update macOS and Safari through System Settings > General > Software Update.
  3. Enable automatic updates to ensure future security patches are installed as they become available.
  4. Maintain device security by using a strong passcode and biometric authentication such as Face ID or Touch ID.

The updates form part of Apple’s regular security release cycle, which addresses newly identified vulnerabilities across its ecosystem.

15 flights diverted due to UAE weather: How Fujairah Airport handled them

Flights were rerouted to Fujairah as a safe alternative destination, where airport teams managed the influx with efficiency and preparedness.

Gulf Business
Gulf Business

12 February, 2026

15 flights diverted due to UAE weather: How Fujairah Airport handled them
Image credit: WAM/Website

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Fujairah International Airport received 15 diverted flights operated by several airlines after adverse weather conditions disrupted operations at airports across the UAE and the wider region.

Flights were rerouted to Fujairah as a safe alternative destination, where airport teams managed the influx with efficiency and preparedness.

Read more-6 flights cancelled, 21 diverted: Sharjah Airport resumes operations

Airport officials activated approved emergency plans and coordinated immediately with relevant authorities, airlines and ground service providers to ensure smooth operations and safeguard passengers and crew, according to a WAM report.

Strategic role strengthened

The development highlights Fujairah International Airport’s growing stature as a strategic aviation hub equipped with advanced infrastructure and qualified national expertise. The airport demonstrated its ability to manage air traffic with flexibility and high operational standards, reinforcing its role in supporting the UAE’s civil aviation system.

Captain Esmaeil M Al Boloushi, general manager of Fujairah International Airport, said the successful handling of diverted flights reflects the airport’s strong operational readiness and team professionalism in maintaining safety and efficiency under all circumstances.

He reaffirmed the airport’s commitment to supporting the national aviation system in line with the highest international standards.

Ramadan 2026: UAE private sector work hours reduced

MoHRE clarified that companies may introduce flexible working arrangements or remote work systems during Ramadan, provided they remain within the reduced daily working hours

Gulf Business
Gulf Business

12 February, 2026

Ramadan 2026: UAE private sector work hours reduced
Image credit: WAM

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The Ministry of Human Resources and Emiratisation (MoHRE) has announced a reduction of normal working hours for private sector employees across the UAE by two hours per day during the Holy Month of Ramadan.

The move applies to all private sector establishments in the country and comes in line with the Implementing Regulations of Federal Decree-Law No. 33 of 2021 regarding the Regulation of Employment Relationships and its amendments.

MoHRE clarified that companies may introduce flexible working arrangements or remote work systems during Ramadan, provided they remain within the reduced daily working hours. Such arrangements should align with the company’s operational requirements and the nature of its activities.

The decision reflects the UAE’s longstanding practice of adjusting working hours during Ramadan to support employee wellbeing while ensuring business continuity across sectors.

Read: Ramadan 2026: UAE authority indicates expected first day

UAE launches Child Digital Safety Council to protect children online

Officials emphasised that digital safety requires a clearly defined distribution of responsibilities among service providers, caregivers and families

Gulf Business
Gulf Business

12 February, 2026

UAE launches Child Digital Safety Council to protect children online
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The Child Digital Safety Council has convened its inaugural meeting, laying the groundwork for a coordinated national framework to safeguard children and promote balanced development in the digital environment. The initiative brings together relevant entities under a collaborative structure designed to unify regulatory, policy and awareness efforts.

At the meeting, the Council defined its competencies and adopted a governance framework and operational mechanisms to clarify roles and responsibilities. The approach combines regulatory safeguards with awareness initiatives, in line with the Federal Decree-Law on Child Digital Safety.

Sana Suhail, Minister of Family and Chair of the Child Digital Safety Council, commented, “In line with the directives of our wise leadership to protect families and children, this meeting marks a pivotal step towards creating an integrated national framework. Our aim is not only to shield children from growing digital risks but also to empower them to harness the vast opportunities of the digital space, thereby strengthening family bonds and contributing to social prosperity.”

She added, “The Council is working to forge a genuine partnership between government entities, digital service providers, and the community to ensure a safe and thriving digital environment that contributes to building strong generations rooted in enduring national values. This serves as a genuine investment in the safety of future generations and the quality of their digital lives.”

A key outcome of the meeting was agreement to develop a national classification system for digital platforms. The system will assess risk levels, the nature of content and age suitability, while ensuring privacy protection, safe usage standards and the safeguarding of children’s digital rights.

The Council also prioritised social media platforms as its first focus area. This track will be studied further within approved regulatory frameworks to strike a balance between protection requirements, the responsibilities of digital service providers and the role of families in supervision and guidance.

Officials emphasised that digital safety requires a clearly defined distribution of responsibilities among service providers, caregivers and families. Awareness was identified as a central pillar of the framework, with plans to support campaigns, equip families with digital safety tools, promote children’s digital rights and encourage responsible online behaviour.

The outcomes of this phase will be submitted to the Education and Human Resources Council for review and approval to ensure alignment with broader national childhood and family policies.

The Council will continue its work through regular meetings and specialised workstreams in coordination with federal and local authorities and strategic partners, with the objective of establishing a comprehensive digital safety ecosystem that enhances child protection, supports families and promotes positive, responsible use of technology.

The meeting was attended by senior representatives from key government entities, including the Telecommunications and Digital Government Regulatory Authority (TDRA), Ministry of Interior, Ministry of Education, Ministry of Health and Prevention, National Media Authority, Federal Public Prosecution, Department of Community Development – Abu Dhabi, Abu Dhabi Early Childhood Authority, Community Development Authority in Dubai and the Child Safety Department in Sharjah.

The Council’s formation follows the establishment of the Ministry of Family in December 2024 under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum. The Ministry is mandated to develop and implement policies, strategies and legislation aimed at strengthening family cohesion, reinforcing national identity and promoting positive societal values, while addressing challenges such as family stability and demographic sustainability.

Sharjah warns residents over illegal car shade extensions

The enforcement drive comes as authorities conduct regular inspection campaigns in residential areas to ensure compliance with planning and infrastructure regulations

Gulf Business
Gulf Business

12 February, 2026

Sharjah warns residents over illegal car shade extensions
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Sharjah Municipality has banned the installation of car parking shades that extend beyond private property boundaries, stepping up inspections across residential neighbourhoods and issuing removal notices to violators.

The civic body confirmed that any structure erected outside legally defined plot limits is considered a violation, regardless of its design or intended use. Residents found to be in breach face removal orders and potential financial penalties.

The enforcement drive comes as authorities conduct regular inspection campaigns in residential areas to ensure compliance with planning and infrastructure regulations.

Urban order and infrastructure protection

Engineer Khalifa bin Hada Al Suwaidi, Director of Technical Services at Sharjah Municipality, said during the Direct Line programme broadcast on Sharjah TV and radio that while residents frequently request shaded parking spaces, regulations are clear.

Any installation that extends beyond the boundaries of a privately owned plot is not permitted, he said, noting that permits are readily granted for car shades constructed fully within property limits.

According to the municipality, the restrictions are designed to preserve urban order and safeguard critical infrastructure. Officials have warned that off-plot structures can interfere with underground utility networks, including water pipelines, electricity cables and other essential services.

Resident concerns over space constraints

The ban has triggered concerns among some homeowners who argue that plot sizes in certain residential areas do not provide sufficient space for shaded parking within property boundaries.

However, municipal officials have reiterated that compliance with plot limits remains mandatory and that public land or service corridors cannot be encroached upon for private use.

For property owners and developers, the move underscores Sharjah’s stricter enforcement of planning regulations, as municipalities across the UAE continue to balance residential convenience with infrastructure protection and orderly urban development.

Read: Sharjah Asset Management launches new three-year strategy to drive value and impact

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