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Pakistan sets ambitious growth target with Rs8.4 trillion budget

11 Jun 2021

Tariq Butt, Gulf Today Pakistan announced Rs8.4 trillion ($54 billion) budget on Friday for the next fiscal year, basing it on an ambitious growth target of 4.5 per cent and...

Meeting highlights ways to promote secure banking system in the UAE

04 Jun 2021

UAE’s SWIFT User Group Steering Committee & National Member Group (SUGSCNMC) held its 2021 Annual General Meeting (AGM), virtually. The meeting was presided over by Jamal Saleh, Chairman of...

COVID’s 2nd wave may marginally dampen India’s growth prospects

29 May 2021

COVID’s second wave is expected to stunt rural demand, consequently, marginally dampening India’s 2021 growth prospects. According to economy observers, the heavy impact of pandemic in rural areas as well...

Global stocks push for record high on $6 trillion US spending hopes

28 May 2021

Roaring stock markets were on track for a seventh consecutive day and fourth straight month of gains on Friday, as investors bet the United States will lead the world economy...

Adnoc considers to offer around 375m shares in distribution unit

26 May 2021

Abu Dhabi National Oil Company (Adnoc) together with its subsidiaries, the Adnoc Group, the current holder of 80 per cent of the common shares in Abu Dhabi National Oil Company...

Industrial business incubators play key role in economic growth

20 May 2021

Abdullah Al Muwaiji, Chairman of the Ajman Chamber of Commerce and Industry, reiterated the importance of business incubators in accelerating the pace of economic growth in general and the industrial...

US unemployment claims decline; producer prices accelerate in April

13 May 2021

The number of Americans filing new claims for unemployment benefits fell more than expected last week as companies held onto their workers amid a growing labour shortage that helped to...

UAE property sector gains pace ahead of Expo 2020 in Dubai

09 May 2021

Inayat-ur-Rahman, Gulf Today The UAE property sector gains momentum ahead of Expo 2020 in Dubai in October despite the challenges of COVID-19 pandemic. Ahmed Aldoulah, a renowned real estate...

Masdar and Taaleri Energia to develop solar plant in Greece

06 May 2021

Masdar and Taaleri Energia, which invests in utility-scale wind and solar assets, have agreed to develop a 65-megawatt (MW) solar photovoltaic (PV) project in Greece. The project will be managed...

ACWA Power expands operation to Uzbekistan with wind farm deal

04 May 2021

ACWA Power, a leading Saudi developer, investor and operator of power generation and desalinated water plants in 13 countries, signed an implementation agreement with the Ministry of Investments & Foreign...

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