Business - GulfToday

Australian PM meets with c.bank chief as stimulus calls grow

Australian Prime Minister Scott Morrison meet with the country’s central bank chief on Wednesday to discuss the nation’s slowing economy as pressure grows for urgent fiscal stimulus.

35 minutes ago

Japan says US curbs on auto imports would hurt global economy

Japan’s top government spokesman said on Wednesday that auto import restrictions by Washington would adversely affect the US and global economies.

an hour ago

Sensex ends lower after record high

The Sensex on Tuesday ended 382 points in the red, after touching a record high of 39,572 minutes into the trade. The session started on a firm note with Sensex hitting a life-time high of 39,572, but it failed to hold on to the early gains and ended over 380 points lower.

11 hours ago

EPPCO Lubricants signs three-year MoU with FAMCO

ENOC Group’s EPPCO Lubricants has signed a three-year MoU with Al-Futtaim Auto & Machinery Company (FAMCO), the GCC’s largest construction and commercial vehicle distributor in a first-ever agreement with the Group to exclusively supply lubricants, coolants and greases for its UAE operations.

12 hours ago

Emaar breaks ground on AR-III

It’s looking to be another landmark year for Dubai’s real estate. Emaar Development today marked the ground-breaking ceremony on Arabian Ranches III (AR-III) – the newest phase of the premium gated villa community, which recorded a sell-out response from investors and homebuyers with its first two neighbourhoods SUN and JOY.

14 hours ago

Turkish lira weakens after CB repos resume, FX purchase move

The Turkish lira weakened on Tuesday after the central bank lowered the swap market lira interest rate and held a repo auction for the first time in nearly two weeks, reversing a policy tightening step it had taken to support the currency. A currency crisis last year wiped nearly 30%

15 hours ago

Australia CB signals rate cut in June as economic growth cools

Australia’s central bank will consider cutting interest rates next month, Governor Philip Lowe said on Tuesday as the resource-rich economy looked set to join some of its global counterparts in easing financial conditions to boost growth. Lowe also urged the country’s newly re-elected government

17 hours ago

Toyota carefully coordinates US investment and China deals

Toyota Motor Corp last month announced two deals in China that were small in size but large in strategic planning. The automaker said it would establish a green-tech research institute with Tsinghua University and provide state-owned BAIC Group’s Foton unit with fuel-cell technology for buses.

17 hours ago

Singapore and Malaysia suspend intercity rail project


Singapore and Malaysia have agreed to suspend the construction of a billion dollar train project linking the city-state to the southern Malaysian state of Johor, their transport ministers said on Tuesday.

23 hours ago

‘London will survive in a post-Brexit world’

Britain’s vast finance industry will emerge largely unscathed from Brexit and retain its position as one of the world’s top financial centres, ministers in Prime Minister Theresa May’s government said on Monday. Since Britain voted to leave the European Union nearly three years ago,

20 May 2019

European shares sink as worries about Huawei fallout mount

European stocks slipped on Monday as concerns about an escalating fallout from a US crackdown on China’s Huawei Technologies offset a slightly more positive tone on trade.

20 May 2019

Grandweld Shipyards launches 10th boat for Kuwait Oil Company fleet

The UAE-based Grandweld Shipyards has launched its sixth pilot boat for Kuwait Oil Company (KOC). As per the contract signed in May 2017, the ‘MESKAN’ is the final boat of ten – four crew transport boats and six pilot boats – that Grandweld was required to build for KOC’s fleet.

20 May 2019

Most popular stories

Local

Business community jubilant on UAE visa move

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, has launched the ‘Golden Card’ sche...

11 hours ago

EPPCO Lubricants signs three-year MoU with FAMCO

ENOC Group’s EPPCO Lubricants has signed a three-year MoU with Al-Futtaim Auto & Machinery Company (FAMCO), the GCC’s largest construction and commerc...

12 hours ago

Dana Gas commences drilling Merak-1 well in offshore Egypt

Dana Gas on Tuesday announced it has commenced drilling operations yesterday at its Dana Gas begins drilling at Merak-1 well, offshore Egypt. The loca...

14 hours ago

Emaar breaks ground on AR-III

It’s looking to be another landmark year for Dubai’s real estate. Emaar Development today marked the ground-breaking ceremony on Arabian Ranches III (...

14 hours ago

Grandweld Shipyards launches 10th boat for Kuwait Oil Company fleet

The UAE-based Grandweld Shipyards has launched its sixth pilot boat for Kuwait Oil Company (KOC). As per the contract signed in May 2017, the ‘MESKAN’...

20 May 2019

Makaseb Investments launched

Ajman Bank, in collaboration with Rasmala Investment Bank Limited (Rasmala), a leading alternative investment manager, has announced the launch of Mak...

20 May 2019

STARZPLAY and Sharaf DG join hands

STARZPLAY, the leading subscription video on demand (SVOD) service in the Mena region, has entered into a strategic alliance with Sharaf DG, one of th...

20 May 2019

DDF, Chinese firm join hands to enhance tourists’ experience

The Dubai Duty Free (DDF) has signed a strategic cooperation agreement with Tencent Holdings Limited, a leading provider of Internet value-added servi...

20 May 2019

World

Australian PM meets with c.bank chief as stimulus calls grow

Australian Prime Minister Scott Morrison meet with the country’s central bank chief on Wednesday to discuss the nation’s slowing economy as pressure g...

35 minutes ago

Japan says US curbs on auto imports would hurt global economy

Japan’s top government spokesman said on Wednesday that auto import restrictions by Washington would adversely affect the US and global economies.

an hour ago

Global stocks take a hop as US eases Huawei restrictions

Stock markets gained on Tuesday, with chipmakers and companies exposed to Asia among the best performers, after Washington temporarily eased trade res...

10 hours ago

Sensex ends lower after record high

The Sensex on Tuesday ended 382 points in the red, after touching a record high of 39,572 minutes into the trade. The session started on a firm note w...

11 hours ago

Turkish lira weakens after CB repos resume, FX purchase move

The Turkish lira weakened on Tuesday after the central bank lowered the swap market lira interest rate and held a repo auction for the first time in n...

15 hours ago

Australia CB signals rate cut in June as economic growth cools

Australia’s central bank will consider cutting interest rates next month, Governor Philip Lowe said on Tuesday as the resource-rich economy looked set...

17 hours ago

Toyota carefully coordinates US investment and China deals

Toyota Motor Corp last month announced two deals in China that were small in size but large in strategic planning. The automaker said it would establi...

17 hours ago

Singapore and Malaysia suspend intercity rail project

Singapore and Malaysia have agreed to suspend the construction of a billion dollar train project linking the city-state to the southern Malaysian st...

23 hours ago

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