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Shuaa sells 20 per cent stake in Mirfa to Japanese Sojitz

06 May 2021

Shuaa Capital, an asset management and investment banking platform in the region, has divested its 20 per cent equity stake in Mirfa International Power and Water Company (MIPCO), to Japanese...

UAE to include 10 new sectors in Commercial Companies Law

24 Apr 2021

A landmark legislation in the Commercial Companies Law, which allows 100 per cent foreign ownership of onshore companies in the UAE, is in its final stages of formation, said Abdulla...

Asian stocks mix, European stocks drop

02 Mar 2021

Gulf Today Report Asian stocks remain mixed on Tuesday as investors worry about higher interest rates. Market benchmarks in Tokyo, Shanghai and Hong Kong declined. Seoul and Sydney advanced....

Japanese auto companies report better earnings, Nikkei index up

10 Feb 2021

Japanese stocks ended higher in choppy trading on Wednesday after positive earnings from market bellwethers Toyota and Honda highlighted the improving outlook for the global economy. Toyota hiked profit...

China’s FX reserves declines

07 Feb 2021

Gulf Today Report According to official data on Sunday, China’s foreign currency reserve has declined in January due to valuation effects as the dollar recorded gains. China has the largest...

Japan bank lending deposits rise despite pandemic problems

12 Jan 2021

Japanese bank lending continued to rise in December to hit a fresh record, data showed on Tuesday, as companies kept piling up cash to weather the fallout from the coronavirus...

Oil down over 1% as US election result remains uncertain

05 Nov 2020

GulfToday Report Oil slumps on Thursday as the race to the White House narrows down with Joe Biden in the lead. US West Texas Intermediate (WTI) crude futures dropped...

SCED meeting discusses latest economic developments in Ajman

11 Aug 2020

Business Bureau, Gulf Today The Standing Committee of Economic Development (SCED) which is affiliating to the Executive Council of Ajman remotely held its 7th meeting for 2020 chaired by...

Online education market set to grow by $350b by 2025

10 Aug 2020

Sajjad Ahmad, Gulf Today Online learning has shown significant growth over the last decade. Since the COVID-19 outbreak, online schools have become more centric in people’s lives. As per...

‘Julphar’ launches Dhs500 million rights issue

01 Jun 2020

Gulf Pharmaceutical Industries, Julphar, on Monday announced the launch of its Dhs500 million rights issue as the company progresses on its ambitious turnaround plan. The rights issue is...

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