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    World shares dip, dollar set for loss as Bitcoin hits record high

    World shares dip, dollar set for loss as Bitcoin hits record high

    12 Feb 2021

    World shares dipped on Friday as investors awaited progress towards more US fiscal stimulus, while the dollar was set for a weekly loss and cryptocurrency Bitcoin hit a record high....

    Saudi Arabia’s stock market set for bumper year of share listings

    Saudi Arabia’s stock market set for bumper year of share listings

    10 Feb 2021

    Saudi Arabia’s stock market is set for another bumper year of stock market listings with several sizeable initial public offerings (IPO) in the pipeline as investors look to allocate a...

    UAE and US commodity trade reaches Dhs65.44 billion

    UAE and US commodity trade reaches Dhs65.44 billion

    08 Feb 2021

    Abeer Abu Shammaleh The total value of commodity trade between the UAE and the United States reached Dhs65.44 billion ($17.83 billion) last year, down by around 27 per cent...

    Canadian central bank’s action likely soon after job losses rise

    Canadian central bank’s action likely soon after job losses rise

    07 Feb 2021

    Canada lost far more jobs than expected in January, with the declines driven by coronavirus lockdowns in populous Ontario and Quebec, while the unemployment rate rose sharply, Statistics Canada data...

    Research highlights UAE’s positive sentiment

    Research highlights UAE’s positive sentiment

    06 Feb 2021

    Jamil Khan, Senior Reporter A UAE-based digital first creative agency Tonic Worldwide and GIPSI have released a report and identified five factors highlighting the positive sentiments of 2021 for UAE....

    ADX reduces transaction fees on trading activities

    ADX reduces transaction fees on trading activities

    06 Feb 2021

    The Abu Dhabi Securities Exchange (ADX) announced on Saturday that it is reducing overall trading activity fees on all exchange transactions starting from February 14 as part of its ‘ADX...

    Italy’s economy contracts by 2%, unemployment rate edges up

    Italy’s economy contracts by 2%, unemployment rate edges up

    06 Feb 2021

    Italy’s economy shrank by 2 per cent in the fourth quarter of last year from the previous three months, preliminary data showed, a slightly smaller slump than expected after a...

    Dubai’s trade with Indonesia at Dhs5.4 billion in 2020

    Dubai’s trade with Indonesia at Dhs5.4 billion in 2020

    04 Feb 2021

    Dubai trade with Indonesia stood at Dhs5.4 billion: Dhs4.42b of imports, Dhs600m of exports, and Dhs380m of re-exports, according to Ahmed Mahboob Musabih, the Director-General of  Dubai Customs. “Major...

    Gold prices fall as dollar remains firm

    Gold prices fall as dollar remains firm

    04 Feb 2021

    Gulf Today Report  Gold prices decline on Thursday as the dollar gained, affecting its appeal and investors look to the passage of US stimulus package. Spot gold dropped 0.6%...

    First firing of gas turbine at Dhs1b power plant completed at EGA’s site

    First firing of gas turbine at Dhs1b power plant completed at EGA’s site

    03 Feb 2021

    Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, Mubadala and Dubal Holding on Wednesday completed a major milestone with the first...

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