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European stocks rise, gold hits record awaiting US stimulus talks

05 Aug 2020

European stock markets climbed solidly Wednesday after a mixed Asian showing, with traders tracking talks on a key US stimulus package that fuelled another record-high finish on Wall Street. ...

Adnoc L&S and Wanhua Chemical Group form strategic shipping JV

04 Aug 2020

Adnoc Logistics and Services (Adnoc L&S), the shipping and maritime logistics subsidiary of the Abu Dhabi National Oil Company (Adnoc) announced on Tuesday the formation of a new strategic joint...

HSBC speeds up plans to axe 35,000 jobs worldwide as profits dive

03 Aug 2020

HSBC will accelerate plans to cut 35,000 jobs after profits plunged 65 per cent in the first half of the year. Europe's biggest bank said it...

UK borrowing surges to record $162 billion in first 3 months

21 Jul 2020

British government borrowing surged to a record 128 billion pounds ($162 billion) in the first three months of the 2020-21 financial year, when COVID-19 lockdown measures were tightest, more than...

EU is one of the major trading blocs for the UAE: Ambassador

17 Jul 2020

The European Union is one of the major trading blocs for the UAE, last year the trading in goods was around a 15 billion euro and that puts us in...

UK economy around a quarter smaller than before pandemic

14 Jul 2020

Official figures show that the British economy managed to eke out some growth in May as lockdown restrictions started to be eased, but that it remains around a quarter smaller...

London stocks track Asia rally as focus turns to earnings

13 Jul 2020

UK stocks jumped 1% on Monday as investors bet on a stimulus-led economic revival, with focus also turning to the US and European quarterly earnings season for signs of a...

Gold steadies as virus fears offset equity rally

06 Jul 2020

Gold held steady on Monday as lingering fears over a surge in coronavirus cases countered pressure from stronger equities, with focus turning to U.S. services sector data due later in...

Tokyo stocks close higher on US jobs data

03 Jul 2020

Tokyo stocks closed higher on Friday, extending rallies on Wall Street following a solid rebound in US employment, but investors remained cautious after a fresh surge in coronavirus cases in...

Dubai’s Naif locality has over 12,000 operating business licences, says Dubai Economy

02 Jul 2020

Gulf Today Report A recent report by the Business Registration & Licensing (BRL) sector of Dubai Economy shows that the Naif locality in Dubai has over 12,478 active operating...

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