Business - GulfToday

Taqa reports Dhs3.3b revenues; Emaar’s sales is Dhs3.230 billion

Abu Dhabi National Energy Company (Taqa), announced on Thursday its earnings for the second quarter of 2020. The company’s revenues reached Dhs3.3 billion for the quarter, reflecting the COVID-19 pandemic ongoing adverse impact on energy markets.

8 minutes ago

Dana Gas posts Dhs66m profit in H1

Dana Gas, the Middle East’s largest regional private sector natural gas company, today announced its financial results for the half-year ended 30th June, 2020.

10 minutes ago

Ras Al Khaimah announces strong upturn in tourism

Ras Al Khaimah Tourism Development Authority (RAKTDA), announced a strong upturn in the Emirate’s tourism and hospitality performance during the initial phase of recovery post the COVID-19 pandemic.

15 minutes ago

Taiwan slashes 2020 GDP outlook again, but sees recovery ahead

Taiwan’s economic growth will likely slow to its weakest in five years in 2020 as consumption and tourism take a hit from the coronavirus pandemic, but the economy is set to rebound next year on improved demand for the island’s exports.

an hour ago

China’s July retail sales drop as consumers stay away from shops

China’s retail sales slipped in July, dashing expectations for a modest rise, as consumers in the world’s second-largest economy failed to shake off wariness about the coronavirus, while the factory sector’s recovery struggled to pick up pace.

an hour ago

Poland in first recession since communist era: Official data

The economy shrank by 8.9 per cent in the second quarter because of the effects of the coronavirus lockdown, after a contraction of 0.4 per cent in the first quarter.

6 hours ago

Tokyo's Nikkei closes up for fourth straight session

The Nikkei 225 index edged up 0.17 per cent, or 39.75 points, to close at 23,289.36. Over the holiday-shortened week, it gained 4.3 per cent. The broader Topix index inched down 0.05 per cent, or 0.77 points, to 1,623.38, but was up 5.0 per cent from a week earlier.

7 hours ago

European stock markets retreat at open

London's benchmark FTSE 100 index dropped 0.5 percent to 6,152.82 points. The Paris CAC 40 index retreated 0.6 percent to 5,010.03 and Frankfurt's DAX 30 shed 0.3 percent to 12,961.12.

8 hours ago

Oil gains, heading for weekly rise amid hopes for fuel demand recovery

Brent crude was up 14 cents, or 0.3%, at $45.10 by 0550 GMT, heading for a gain of about 1.6% this week. West Texas Intermediate had gained 11 cents, or 0.3%, to $42.35. The US benchmark is heading for a gain of nearly 3% this week.

9 hours ago

Gold prices set for first weekly decline in 10

Spot gold was down 0.1% at $1,950.94 an ounce by 0550 GMT. Bullion has declined 4% so far this week, its biggest weekly percentage fall since early March. US gold futures fell 0.6% to $1,959.50.

9 hours ago

ADDED launches ‘Industrial Sector Sustainability’ project

The Industrial Development Bureau (IDB) of the Abu Dhabi Department of Economic Development (ADDED) has launched the ‘Industrial Sector Sustainability’ project, an initiative aimed at adopting a sustainable approach

13 Aug 2020

Adnoc reports Dhs910m profit in HI

Adnoc Distribution on Thursday reported that its first half 2020 underlying earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Dhs1.422 million, with net profit at Dhs910 million.

13 Aug 2020

Local

Taqa reports Dhs3.3b revenues; Emaar’s sales is Dhs3.230 billion

Abu Dhabi National Energy Company (Taqa), announced on Thursday its earnings for the second quarter of 2020. The company’s revenues reached Dhs3.3 bil...

8 minutes ago

Dana Gas posts Dhs66m profit in H1

Dana Gas, the Middle East’s largest regional private sector natural gas company, today announced its financial results for the half-year ended 30th Ju...

10 minutes ago

Ras Al Khaimah announces strong upturn in tourism

Ras Al Khaimah Tourism Development Authority (RAKTDA), announced a strong upturn in the Emirate’s tourism and hospitality performance during the initi...

15 minutes ago

Masdar, EDF Renewables agree to partner in eight US projects

Masdar, one of the world’s leading clean energy developers and a subsidiary of Mubadala Investment Company, on Thursday announced its second strategic...

22 hours ago

UAE companies report strong revenue growth in first half

Emaar Properties has revealed first half (H1) revenues of Dhs9 billion and over Dhs2 billion in net profit, according to a statement by the real estat...

13 Aug 2020

ADDED launches ‘Industrial Sector Sustainability’ project

The Industrial Development Bureau (IDB) of the Abu Dhabi Department of Economic Development (ADDED) has launched the ‘Industrial Sector Sustainability...

13 Aug 2020

Adnoc reports Dhs910m profit in HI

Adnoc Distribution on Thursday reported that its first half 2020 underlying earnings before interest, tax, depreciation and amortisation (EBITDA) stoo...

13 Aug 2020

Academy for women entrepreneurs

The US Embassy Abu Dhabi is bringing the US Academy of Women Entrepreneurs (AWE) programme to the UAE through a partnership with startAD, the Abu Dhab...

13 Aug 2020

World

Taiwan slashes 2020 GDP outlook again, but sees recovery ahead

Taiwan’s economic growth will likely slow to its weakest in five years in 2020 as consumption and tourism take a hit from the coronavirus pandemic, bu...

an hour ago

China’s July retail sales drop as consumers stay away from shops

China’s retail sales slipped in July, dashing expectations for a modest rise, as consumers in the world’s second-largest economy failed to shake off w...

an hour ago

Poland in first recession since communist era: Official data

The economy shrank by 8.9 per cent in the second quarter because of the effects of the coronavirus lockdown, after a contraction of 0.4 per cent in th...

6 hours ago

Tokyo's Nikkei closes up for fourth straight session

The Nikkei 225 index edged up 0.17 per cent, or 39.75 points, to close at 23,289.36. Over the holiday-shortened week, it gained 4.3 per cent. The broa...

7 hours ago

European stock markets retreat at open

London's benchmark FTSE 100 index dropped 0.5 percent to 6,152.82 points. The Paris CAC 40 index retreated 0.6 percent to 5,010.03 and Frankfurt's DAX...

8 hours ago

Oil gains, heading for weekly rise amid hopes for fuel demand recovery

Brent crude was up 14 cents, or 0.3%, at $45.10 by 0550 GMT, heading for a gain of about 1.6% this week. West Texas Intermediate had gained 11 cents, ...

9 hours ago

Gold prices set for first weekly decline in 10

Spot gold was down 0.1% at $1,950.94 an ounce by 0550 GMT. Bullion has declined 4% so far this week, its biggest weekly percentage fall since early Ma...

9 hours ago

US jobless claims fall below 1m; Europe air travel may drop

The number of Americans seeking unemployment benefits dropped below one million last week for the first time since the start of the COVID-19 pandemic ...

23 hours ago

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