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    Oil prices gain as dollar declines

    Oil prices gain as dollar declines

    20 Apr 2021

    Gulf Today Report  Oil prices jumped on Tuesday as dollar declines aiding commodities and crude inventories dropped in the United States.  Brent crude futures for June delivery had risen...

    UK shopper numbers jump 87.8% as stores reopen after lockdown

    UK shopper numbers jump 87.8% as stores reopen after lockdown

    19 Apr 2021

    The number of people heading out to shops across Britain jumped 87.8% in the week to April 17 versus the previous week as non-essential stores in England reopened after three...

    Opec Fund signs $50 million loan facility

    Opec Fund signs $50 million loan facility

    17 Apr 2021

    The Opec Fund for International Development has announced the signing of a $50 million term loan agreement with ACWA Power to support the construction and operation of a 1.5 gigawatt...

    India’s foreign exchange reserves increase by $4.344 billion, says RBI

    India’s foreign exchange reserves increase by $4.344 billion, says RBI

    17 Apr 2021

    India’s foreign exchange reserves rose by $4.344 billion during the week ended April 9. According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the reserves increased to $581.213...

    LG, GM to build $2.3 billion EV battery factory in US

    LG, GM to build $2.3 billion EV battery factory in US

    17 Apr 2021

    General Motors Co and South Korean joint-venture partner LG Energy Solution on Friday said they will build a second US battery cell manufacturing plant, revealing plans for a $2.3 billion...

    Gold prices steady as bond yields decline

    Gold prices steady as bond yields decline

    16 Apr 2021

    Gulf Today Report  Gold prices maintained more than one-month high on Friday following a decline in US Treasury yields and the dollar. Spot gold was up 0.1% at $1,764.13 per...

    UAE, Ethiopia explore cooperation in logistics and transport sectors

    UAE, Ethiopia explore cooperation in logistics and transport sectors

    15 Apr 2021

    A delegation from Dubai Chamber of Commerce and Industry recently participated in the Ethiopian Transport Investment Summit, which recently took place in Addis Ababa, and explored prospects for expanding cooperation...

    Germany expects gross domestic product to grow by 3.7% this year

    Germany expects gross domestic product to grow by 3.7% this year

    15 Apr 2021

    Germany’s economy minister expects the government to significantly raise the 2021 growth forecast for Europe’s largest economy after the country’s leading economic institutes revised their own estimates. “We’ll not...

    Goldman profit smashes forecasts on booming investment banking

    Goldman profit smashes forecasts on booming investment banking

    14 Apr 2021

    Goldman Sachs Group Inc on Wednesday easily beat Wall Street expectations for first-quarter profit, as the US investment bank capitalized on record levels of global dealmaking activity and a coronavirus-driven...

    UK productivity rose in 2020 as lockdown hit low-paid jobs

    UK productivity rose in 2020 as lockdown hit low-paid jobs

    14 Apr 2021

    British workers’ average hourly output rose by 0.4 per cent last year, despite a fall of nearly 10 per cent in total production due to the coronavirus pandemic, as lower-paid...

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