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Indian shares gain above 1% following an insolvency resolution

30 Mar 2021

Gulf Today Report Indian shares jumped on Tuesday following gains in bank shares after steel conglomerate JSW Steel completed an insolvency process. The blue-chip NSE Nifty 50 index rose 1.7%...

ABB to power world’s largest desalination plant in Abu Dhabi

23 Mar 2021

Approximately 45 kilometres north of Abu Dhabi, the Taweelah project will be the first reverse osmosis independent water project in the capital which will desalinate seawater for supply to local...

India’s finance ministry likely to cut taxes on petroleum products

02 Mar 2021

India’s finance ministry is considering cutting excise duties on petrol and diesel to cushion the impact of record high domestic prices, three government officials close to the discussions said. ...

G20 finance chiefs to align plans for recovery

26 Feb 2021

G20 finance ministers and central bankers were meeting on Friday to align plans to relaunch the global economy after the coronavirus pandemic and to limit the harm to the worst-off...

ADFD, Turkmenistan sign MoUs on development cooperation

04 Feb 2021

The Abu Dhabi Fund for Development (ADFD) has signed three MoUs with Turkmenistan aimed at strengthening economic and development cooperation through investment in vital sectors that would benefit economies of...

Egypt’s state companies report robust profits boosting growth

22 Jan 2021

Egypt’s state companies have been enjoying robust earnings, an official data shows, acting as a growth driver and eclipsing the private sector despite the IMF-inspired reforms to restructure the economy....

UK unemployment rate at its highest since 2016

10 Nov 2020

Gulf Today Report The unemployment rate in the UK surged to its highest level since 2016 as the pandemic effect led to a lot of lay-offs, the Office for National...

Gold jumps by 1% as attention returns to loose monetary policy

10 Nov 2020

Gulf Today Report Gold advanced by 1% on Tuesday as the prospects of a large stimulus package to help the economy remains high. Spot gold increased by 1.1% to...

Dubai launches association of district cooling operators

03 Oct 2020

Saeed Mohammed Al Tayer, Vice Chairman of Dubai Supreme Council of Energy (DSCE) announced that Dubai has launched the region’s first Association of District Cooling Operators to enhance the efficiency...

UAE, Singapore meeting explores advanced technology partnerships

02 Oct 2020

Dr Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Dr Tan See Leng, Singapore’s Second Minister for Manpower, Trade and Industry, during a virtual meeting, explored...

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