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Sharjah full of FDI opportunities in mobility and logistics sector

07 Sep 2022

Inayat-Ur-Rahman, Business Editor Strategically located at the cusp of East and West, and with a coastline each on the Arabian Gulf and Gulf of Oman, Sharjah has been a preferred...

CBUAE imposes administrative sanctions on exchange house operating in country

31 Aug 2022

The Central Bank of the UAE (CBUAE) has imposed administrative sanctions on the owner and general manager of an exchange house operating in the UAE, pursuant to Articles 87 and...

Adnoc Drilling acquires more premium jack-up rig for $70m

24 Aug 2022

Staff Reporter, Gulf Today Adnoc Drilling Company on Wednesday announced it has signed a sale and purchase agreement to acquire an additional premium offshore jack-up drilling unit (the “rig”) for...

FAB reports net profit of Dhs8 billion in H1

28 Jul 2022

First Abu Dhabi Bank (FAB) on Thursday announced that the Group’s net profit amounted to Dhs8 billion in the first six months of 2022, an increase of 50 per cent...

SEC reviews development work on expansion of Sharjah Airport

26 Jul 2022

Sheikh Sultan Bin Ahmed Bin Sultan Al Qasimi, Deputy Ruler of Sharjah, and Deputy Chairman of the Sharjah Executive Council (SEC), chaired the meeting of the Executive Council on Tuesday...

Reliance Industries posts record consolidated revenues at $30.8b

23 Jul 2022

Reliance Industries Ltd (RIL) posted record consolidated revenues at Rs2.42 lakh crore ($30.8 billion) in Q1 of FY23, up 53 per cent year on year. Reliance posted record quarterly...

Soaring US inflation fuels bets on sharper Fed interest rate hikes

11 Jun 2022

Stubbornly hot US inflation is fueling bets that the Federal Reserve will get more aggressive about trying to cool price pressures and even potentially ditch its own forward guidance by...

ADX records highest trading value in Arab region in May 2022: AMF

10 Jun 2022

Staff Reporter, Gulf Today According to the monthly newsletter covering Arab financial markets published today by the Arab Monetary Fund (AMF), the Abu Dhabi Securities Exchange (ADX) recorded the highest...

Opec+ agrees to bigger output boost amid Russian isolation

02 Jun 2022

Major oil producers led by Saudi Arabia and Russia agreed on Thursday to open the taps wider than expected amid soaring prices and hard on the heels of an EU...

Banking summit highlights latest trends and innovative solutions

02 Jun 2022

Sajjad Ahmad, Deputy Business Editor The 12th edition of the Middle East Banking Innovation Summit 2022 held recently in Dubai to discuss the growth prospects of the industry and...

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