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Abu Dhabi Court jails four, fines Dhs10m each for defrauding 4,000 pepole

16 Mar 2021

The court in charge of the fight against money laundering and tax evasion within the Abu Dhabi Judicial Department (ADJD) convicted 4 accused persons, all Asians, and a company owned...

Oil prices rise on positive China energy demand data

15 Mar 2021

Gulf Today Report Oil prices surged on Monday following data from China showcasing economic recovery, increasing energy demand outlook at the world’s largest oil importer. Brent crude futures for May...

Roshan Digital Account for overseas Pakistanis crosses 100,000 accounts, attracts $671m

14 Mar 2021

Tariq Butt, Correspondent The Roshan Digital Account (RDA) launched in September last year for overseas Pakistani has crossed 100,000 accounts and attracted $671 million, the State Bank of...

Italy plans $47.8 billion fund for firms hit by coronavirus

13 Mar 2021

Italy plans to launch a fund worth up to 40 billion euros ($47.8 billion) this month to help its companies hit by the coronavirus crisis raise capital and strengthen their...

Indian billionaire Adani world's biggest wealth gainer so far in 2021, adds $16.2b to his fortune

12 Mar 2021

Adani Group Chairman Gautam Adani has achieved a remarkable milestone amid the COVID-19 pandemic, as he added the highest wealth to his fortune in the world, as per the latest...

Gold prices bounce back as US yields decline

09 Mar 2021

Gulf Today Report Gold prices gained on Thursday as US Treasury yields retreated increasing the metal’s appeal after hitting a nine-month low in the previous session. Spot gold rose...

Indian shares jump due to gains in energy stocks

08 Mar 2021

Gulf Today Report Indian shares rose on Monday due to increase in energy stocks, while top gold financing company Muthoot declined due to the death of its chairman. The blue...

Services provided by artists, media influencers in UAE subject to VAT, clarifies FTA

07 Mar 2021

The Federal Tax Authority (FTA) has clarified in a bulletin that services provided by artists and social media influencers (SMIs) for consideration are subject to Value Added Tax. The...

Listings boom, trading frenzy fuel investment banks’ profits

06 Mar 2021

A surge in blank-cheque investment vehicle fundraising and frantic pandemic-related trading in 2020 boosted investment banks’ income by a record 28% from the year before, a report showed on Friday....

Oil prices rise after Saudi Arabia urges caution, vigilance on market

04 Mar 2021

Oil prices rose more than $1 per barrel on Thursday after Saudi Energy Minister Prince Abdulaziz bin Salman urged caution and vigilance at the beginning of a meeting of Opec...

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