Business - GulfToday

Stock markets skid worldwide as virus infections keep soaring

US stocks joined a worldwide downdraft on Wednesday as more signs piled up of the economic and physical pain being caused by the coronavirus outbreak.

an hour ago

SEDD confirms exemption of licensing fees for economic facilities

The Sharjah Economic Development Department, SEDD, lauded the package of incentives and decisions approved by the Government of Sharjah to support the government and private entities, as well as business sectors and individuals.

an hour ago

DED-Ajman announces package of new digital services for customers

DED-Ajman announced a package of new digital services available on its website and smart application 24 hours a day, 7 days a week in order to make it easier and convenient for customers under the prevailing circumstances in the world.

an hour ago

British banks scrap dividends after pressure from regulator

Britain’s top banks have axed dividend payments after pressure from the regulator, saving their capital as a buffer against expected losses from the economic fallout from the coronavirus.

an hour ago

Thailand plans $15.3 billion new stimulus package: FM

Thailand’s new stimulus package to alleviate the impact of the coronavirus crisis will be worth more than 500 billion baht ($15.30 billion), its finance minister (FM) said.

31 Mar 2020

Developing nations to lose $800 billion in export revenue this year

The economic fallout from the Covid-19 shock is ongoing and increasingly difficult to predict but there are clear indications that things will get much worse for developing economies before they get better, a new report has said.

31 Mar 2020

Shell pulls out of major LNG project in US

Royal Dutch Shell pulled out of a major US liquefied natural gas (LNG) export plant under development following the recent crash in energy prices, quickly followed by its partner, Energy Transfer,

31 Mar 2020

Expo 2020 organisers seek postponement of the event

Expo 2020 Dubai has convened a second virtual meeting of its Steering Committee, with representatives of the countries taking part in the event, as part of ongoing consultations that the impact of coronavirus, COVID-19, will have on global preparations of Expo 2020 Dubai.

30 Mar 2020

SCCI registers increase in licence renewal, new memberships

The Sharjah Chamber of Commerce & Industry (SCCI) has recently announced the statistics of Q1 2020 which showed a remarkable spike in the number of new and renewed memberships and certificates of origin,

30 Mar 2020

China slashes rate, pumps $7 billion into market to counter virus

China’s central bank on Monday cut an interest rate on loans to banks by the largest margin in five years and injected 50 billion yuan ($7 billion) into the financial system to help the world’s second-largest economy weather the coronavirus impact.

30 Mar 2020

Sensex crashes 1,000 points, Nifty below 8,400 due to virus outbreak

Bear run continued in the Indian stock markets on Monday afternoon with the BSE Sensex falling over 1,000 points. The Nifty50 on the National Stock Exchange also plunged over 260 points to trade below the 8,400 mark.

30 Mar 2020

Oil plunges to 2002 lows, shares sink again

Brent slumped to $22.5 a barrel leaving it down 65% for the year and hammering petro currencies such as Russia's rouble, Mexico's peso and the Indonesian rupiah by as much as 2%.

30 Mar 2020

Most Popular Stories

Local

SEDD confirms exemption of licensing fees for economic facilities

The Sharjah Economic Development Department, SEDD, lauded the package of incentives and decisions approved by the Government of Sharjah to support the...

an hour ago

DED-Ajman announces package of new digital services for customers

DED-Ajman announced a package of new digital services available on its website and smart application 24 hours a day, 7 days a week in order to make it...

an hour ago

ADPower, Tadweer sign MoU for two waste-to-energy plants

Abu Dhabi Power Corporation (ADPower) announced - alongside its subsidiary, Emirates Water and Electricity Company (EWEC) - the signing of a Memorandu...

31 Mar 2020

Adnoc Distribution forecasts 7.5% increase in 2021 dividend

Adnoc Distribution announced that its dividend policy will see the 2021 dividend increase to Dhs2.57 billion, an increase of 7.5 per cent compared to ...

31 Mar 2020

Expo 2020 organisers seek postponement of the event

Expo 2020 Dubai has convened a second virtual meeting of its Steering Committee, with representatives of the countries taking part in the event, as pa...

30 Mar 2020

SCCI registers increase in licence renewal, new memberships

The Sharjah Chamber of Commerce & Industry (SCCI) has recently announced the statistics of Q1 2020 which showed a remarkable spike in the number of ne...

30 Mar 2020

SCCI launches online course for Sharjah’s business community

The Sharjah Chamber of Commerce & Industry, SCCI, represented by the Sharjah Training & Development Center (STDC), has recently launched an online cou...

29 Mar 2020

Fiscal incentives and stimulus trigger UAE stock markets’ rally

The UAE stocks continue to respond favourably to the country-level fiscal incentives and stimulus packages being launched, and gained Dhs12.5 billion ...

29 Mar 2020

World

Stock markets skid worldwide as virus infections keep soaring

US stocks joined a worldwide downdraft on Wednesday as more signs piled up of the economic and physical pain being caused by the coronavirus outbreak....

an hour ago

British banks scrap dividends after pressure from regulator

Britain’s top banks have axed dividend payments after pressure from the regulator, saving their capital as a buffer against expected losses from the e...

an hour ago

Stocks drift and still headed to worst quarter since the year ’08

Stocks are drifting in subdued trading on Tuesday morning, a rare calm day in what is likely to be Wall Street’s worst quarter of performance since th...

31 Mar 2020

Thailand plans $15.3 billion new stimulus package: FM

Thailand’s new stimulus package to alleviate the impact of the coronavirus crisis will be worth more than 500 billion baht ($15.30 billion), its finan...

31 Mar 2020

Developing nations to lose $800 billion in export revenue this year

The economic fallout from the Covid-19 shock is ongoing and increasingly difficult to predict but there are clear indications that things will get muc...

31 Mar 2020

Shell pulls out of major LNG project in US

Royal Dutch Shell pulled out of a major US liquefied natural gas (LNG) export plant under development following the recent crash in energy prices, qui...

31 Mar 2020

China slashes rate, pumps $7 billion into market to counter virus

China’s central bank on Monday cut an interest rate on loans to banks by the largest margin in five years and injected 50 billion yuan ($7 billion) in...

30 Mar 2020

Sensex crashes 1,000 points, Nifty below 8,400 due to virus outbreak

Bear run continued in the Indian stock markets on Monday afternoon with the BSE Sensex falling over 1,000 points. The Nifty50 on the National Stock Ex...

30 Mar 2020

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