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Gold steadies on US inflation data

13 Apr 2021

Gulf Today Report Gold prices dropped on Tuesday as investors held off ahead of US inflation data that would unravel the recovery pattern in the world’s largest economy. Spot...

Sanad closes $55 million financing deal with CBD

12 Apr 2021

Sanad Capital, a wholly-owned subsidiary of Mubadala Investment Company and the global aerospace engineering and leasing solutions leader, has closed a $55 million debt financing deal with the Commercial Bank...

Volkswagen posts $10.7 billion profit

26 Feb 2021

Volkswagen said on Friday it made better than expected profit of 8.8 billion euros ($10.7 billion) after tax in 2020 despite the pandemic. The world’s No. 2 automaker said the...

European stocks, Asian shares fall

15 Jan 2021

Gulf Today Report European stocks ended the week with a fall on the prospects of tighter lockdowns in Germany and France and surge in cases in China. The pan-European...

Saudi banks remain resilient amid pandemic, backed by new regulations

15 Dec 2020

KPMG Q3, 2020 Saudi banking sector analysis report records the sector experiencing a range of regulatory changes, including the value-added tax (VAT) reforms and the institutionalization of the real estate...

Gold climbs as virus scare heightens

12 Nov 2020

Gulf Today Report Gold advanced on Thursday after it slumped over 1% in the previous session due to worries over the surge of COVID-19 cases topping the excitement around the...

Oil slumps as Trump claims victory in race to the White House

04 Nov 2020

GulfToday Report Oil fell on Wednesday as President Donald Trump declared himself victorious in the US election, although millions of votes are yet to be counted. West Texas Intermediate...

Dubai’s realty sector gains pace

01 Nov 2020

Inayat-ur-Rahman Dubai property market is a safe haven for global and local investors despite the COVID-19 crisis due to high demands. Binghatti Developers, one of the leading real estate...

Adnoc CEO seeks new opportunities to strengthen UAE-India energy ties

27 Oct 2020

Business Bureau, Gulf Today Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Group CEO of the Abu Dhabi National Oil Company (Adnoc), reinforced the...

Global foreign direct investment plunged in first half of 2020: UN

27 Oct 2020

Global foreign direct investment (FDI) plunged by 49% in the first half of 2020 from the same period a year ago and is on course to fall as much as...

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