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    Colombo calm after Sri Lanka declares state of emergency

    Colombo calm after Sri Lanka declares state of emergency

    07 May 2022

    Streets in Sri Lanka's commercial capital Colombo were calm on Saturday after the president declared a state of emergency following escalating anti-government protests. Details of the latest emergency regulations...

    RBI hikes repo rate by 40 bps on inflation worries

    RBI hikes repo rate by 40 bps on inflation worries

    04 May 2022

    Reserve Bank of India Governor Shaktikanta Das on Wednesday said that the Monetary Policy Committee (MPC) of the central bank, in an off-cycle meeting, hiked the repo rate by 40...

    US private payrolls slow in April; trade deficit hits record high

    US private payrolls slow in April; trade deficit hits record high

    04 May 2022

    US private employers hired the fewest workers in two years in April, likely hampered by persistent labour shortages, raising the possibility that overall job growth slowed last month. The...

    German 10-year bond yield hits 1% for first time since June 2015

    German 10-year bond yield hits 1% for first time since June 2015

    03 May 2022

    Germany’s benchmark 10-year bond yield hit 1 per cent for the first time since 2015 on Tuesday, as investors braced for interest rates in the United States and Britain to...

    Fitch cuts China’s 2022 GDP forecast to 4.3% from 4.8%

    Fitch cuts China’s 2022 GDP forecast to 4.3% from 4.8%

    03 May 2022

    Fitch said on Tuesday it has cut China’s GDP growth forecast for 2022 to 4.3 per cent from 4.8 per cent, saying pandemic-related disruptions have had an impact on the...

    India’s biggest IPO gets strong demand from anchor investors

    India’s biggest IPO gets strong demand from anchor investors

    02 May 2022

     The IPO of India’s biggest insurer, Life Insurance Corporation (LIC), has got off to a good start, with the $732 million of shares reserved for so-called anchor investors oversubscribed at...

    UAE achieves remarkable results in proliferating role of innovation

    UAE achieves remarkable results in proliferating role of innovation

    29 Apr 2022

    Staff Reporter, Gulf Today Terming issuance of the new Executive Regulation as a vital development, Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs said that...

    Sharjah’s property sector zooms as realty transactions hit Dhs6.3 billion

    Sharjah’s property sector zooms as realty transactions hit Dhs6.3 billion

    28 Apr 2022

    Staff Reporter, Gulf Today The Sharjah Real Estate Registration Department revealed the quarterly performance report for the real estate sector in Sharjah.  The total real estate transactions executed reached...

    ADDED signs deals with 4 banks to provide ‘easy payment plan’

    ADDED signs deals with 4 banks to provide ‘easy payment plan’

    28 Apr 2022

    The Abu Dhabi Department of Economic Development (ADDED) has signed an agreement with First Abu Dhabi Bank (FAB), Abu Dhabi Commercial Bank (ADCB), Commercial Bank of Dubai (CBD), and Abu...

    TA’ZIZ and Reliance sign deal for Ruwais chemicals project

    TA’ZIZ and Reliance sign deal for Ruwais chemicals project

    27 Apr 2022

    Abu Dhabi Chemicals Derivatives Company (TA’ZIZ) and Reliance Industries Limited (RIL), have signed the formal Shareholder Agreement for the TA’ZIZ EDC & PVC project. Reliance is India’s largest diversified...

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