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UAE’s economy to grow over 5% in 2025: UBS Wealth Management

27 Oct 2024

Michael Bolliger, Chief Investment Officer of Emerging Markets at UBS Global Wealth Management, stated that the UAE’s GDP growth is expected to surpass 5 per cent in 2025. Bolliger told...

Dubai Chamber of Digital Economy signs MoUs to boost digital ecosystem

02 Nov 2023

Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has signed four Memorandums of Understanding (MoUs) to enhance the emirate’s digital ecosystem....

UAE Central Bank completes world’s first and largest pilot of central bank digital currencies

27 Oct 2022

Gulf Today, Staff Reporter The Central Bank of the UAE (CBUAE) has completed the first and the largest scale pilot of central bank digital currencies, being used by 20...

Shells hit power lines at Ukraine nuclear plant, fighting in east

06 Aug 2022

Russia and Ukraine accused each other on Friday of shelling Europe's biggest nuclear power plant as fighting raged again in the crucial border region of the Donbas and three more...

UAE, Saudi Arabia lead in gaming market

07 Jun 2022

Inayat-ur-Rahman, Business Editor The gaming market in the Gulf region is marching ahead as the UAE and Saudi Arabia are the biggest players. According to the latest report of...

European, Asian stock record gains

01 Feb 2021

Gulf Today Report European stock bounces back on Monday following heavy losses in early deals. In the eurozone, Frankfurt's DAX 30 rose 1.1 per cent to 13,584.47 points and...

Spain to revise 2020 GDP contraction forecast to 10%-11%

28 Sep 2020

The Spanish government plans to revise its forecast for economic contraction this year to between 10% and 11% from a previous 9.2% announced in May, news wire Europa Press reported...

Egypt secures $5.2b IMF loan to tackle virus fallout

27 Jun 2020

The International Monetary Fund on Friday approved Egypt’s request for a $5.2 billion loan as the country’s economy reels from the financial fallout of the coronavirus pandemic. The one-year...

Indian banks asked to prepare emergency credit lines for SMEs

26 Mar 2020

With the coronavirus pandemic causing nationwide lockdown and affecting businesses, the government has decided to pitch in with its support for the corporate sector to prevent any liquidity problems for...

Airline industry turmoil deepens as coronavirus pain spreads

19 Mar 2020

Airline industry turmoil deepened on Thursday as Qantas Airways Ltd told most of its 30,000 employees to take leave and India prepared a rescue package of up to $1.6 billion...

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