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    CBUAE launches new ‘Overnight Deposit Facility’ for banks

    CBUAE launches new ‘Overnight Deposit Facility’ for banks

    06 Jul 2020

    Effective 12th July, 2020, the Central Bank of the UAE, CBUAE, will introduce a new deposit facility named Overnight Deposit Facility (ODF), which will enable conventional banks operating in the...

    Initiative to boost UAE tourism

    Initiative to boost UAE tourism

    04 Jul 2020

    Sajjad Ahmad, Gulf Today Amid strong efforts to boost tourism in Dubai after the resumption of activities and the adoption of the private sector of the UAE initiatives to...

    SCCI registers 8 per cent surge in membership last month

    SCCI registers 8 per cent surge in membership last month

    04 Jul 2020

    Business Bureau, Gulf Today The Sharjah Chamber of Commerce & Industry (SCCI), has recently announced the details of the number of new and renewed memberships that have been issued...

    Indian man wears gold face mask to ward off coronavirus

    Indian man wears gold face mask to ward off coronavirus

    04 Jul 2020

    An Indian man said he paid about $4,000 for a bespoke gold face mask to protect him from the coronavirus raging in the country.   The precious metal covering weighs...

    Asian stocks near 4-month highs on vaccine hopes, eyes on US payrolls

    Asian stocks near 4-month highs on vaccine hopes, eyes on US payrolls

    02 Jul 2020

    Asian stocks hovered near four-month highs on Thursday on hopes of a vaccine for COVID-19 while copper prices jumped to a more than six-month peak on a better global outlook...

    Kenya Airways sees revenue loss of $100 million

    Kenya Airways sees revenue loss of $100 million

    27 Jun 2020

    Kenya Airways has lost an estimated $100 million in revenue as a result of the COVID-19 pandemic and related lockdowns, CEO Allan Kilavuka told reporters. The coronavirus crisis has...

    Hong Kong shares slide as pandemic, US sanction pressures weigh

    Hong Kong shares slide as pandemic, US sanction pressures weigh

    26 Jun 2020

    Hong Kong shares ended lower on Friday, after US lawmakers moved closer to sanctioning people and companies they consider China's accomplices in curbing the city's autonomy, while new coronavirus outbreaks...

    Philippine central bank slashes its key interest rates by 50 bps

    Philippine central bank slashes its key interest rates by 50 bps

    25 Jun 2020

    The Philippine central bank (CB) unexpectedly cut its benchmark interest rate by another 50 basis points to a new low on Thursday, extending an aggressive policy easing cycle to cushion...

    Asian farmer jailed for stealing gold worth Dhs25,000 from employer

    Asian farmer jailed for stealing gold worth Dhs25,000 from employer

    18 Jun 2020

    Sohaila Ahmed, Staff Reporter The Dubai Public Prosecution referred a 29 year-old Asian farmer to criminal court, for stealing gold worth Dhs25,000 from his employer, and attempting to sell it...

    Multi-nation group engages with UAE to ensure business continuity

    Multi-nation group engages with UAE to ensure business continuity

    15 Jun 2020

    A multi-nation group of business councils and chambers based in Abu Dhabi and Dubai have joined forces to engage with the UAE government and work collectively to ensure business continuity...

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