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    European stocks slump, Asian stocks surge due to boost in vaccine hope

    European stocks slump, Asian stocks surge due to boost in vaccine hope

    17 Nov 2020

    Gulf Today Report On Tuesday, European stocks fell from eight-month highs as more countries impose restrictions to curb the spread of coronavirus.   The pan-European STOXX 600 index slipped 0.1%...

    Dollar, yen jump after Trump tests positive for coronavirus

    Dollar, yen jump after Trump tests positive for coronavirus

    02 Oct 2020

    The dollar rose and the safe-haven yen made its sharpest jump in more than a month on Friday after US President Donald Trump said he tested positive for COVID-19, just...

    Airline traffic to fall by two-third this year as crisis drags on: IATA

    Airline traffic to fall by two-third this year as crisis drags on: IATA

    30 Sep 2020

    Global airlines have revised traffic forecasts lower, sector federation IATA said on Tuesday, warning that hundreds of thousands of jobs are at risk without more state aid. The International...

    G7 backs extension of G20 debt freeze, calls for more reforms

    G7 backs extension of G20 debt freeze, calls for more reforms

    25 Sep 2020

    G7 finance ministers on Friday backed an extension of a G20 bilateral debt relief initiative for the world’s poorest countries, but said it must be revised to address shortcomings hindering...

    UAE, Israel discuss energy cooperation

    UAE, Israel discuss energy cooperation

    23 Sep 2020

    ABU DHABI: During a remote meeting held via video conferencing, Suhail Bin Mohammed Al Mazrouei, UAE Minister of Energy and Infrastructure, discussed, with Yuval Steinitz, Israeli Minister of Energy, the...

    Reliance to buy Future Group’s businesses in $3.4 billion deal

    Reliance to buy Future Group’s businesses in $3.4 billion deal

    30 Aug 2020

    Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited, on Saturday announced that it is acquiring the retail, wholesale, logistics and warehousing business from the Future Group as...

    ADJD launches new digital money order system

    ADJD launches new digital money order system

    23 Aug 2020

    The Abu Dhabi Judicial Department (ADJD) has announced that it launched a digital money order system for the disbursement of amounts held in deposit. All the disbursement process has...

    French industrial output bounced back more than expected in May

    French industrial output bounced back more than expected in May

    10 Jul 2020

    French industrial output rebounded more in May than expected after slumping the previous month during a nationwide coronavirus lockdown, official data showed on Friday. Production at French factories, mines...

    Saudi Arabia transfers $40b from Sama’s forex reserves to PIF

    Saudi Arabia transfers $40b from Sama’s forex reserves to PIF

    30 May 2020

    Saudi Arabia transferred a total of 150 billion riyals ($40 billion) from the Saudi Arabian Monetary Authority’s (Sama’s) foreign exchange (forex) reserves to the Kingdom’s Public Investment Fund (PIF) in...

    S&P lowers Australia’s outlook as lawmakers discuss aid bill

    S&P lowers Australia’s outlook as lawmakers discuss aid bill

    08 Apr 2020

    Australia’s coveted ‘AAA’ credit rating came under threat on Wednesday as the country’s parliament discussed an emergency A$130 billion ($80 billion) stimulus package bill to help cushion the economic blow...

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