No matching items found
Picture used for illustrative purpose. File
Gulf Today Report
The dollar declined on Wednesday as hope for the coronavirus vaccine was dampened due to concerns on how the drug will be delivered, and increase in COVID-19 cases in the United States.
The dollar held steady at 105.28 yen, trading near a three-week high. Against the euro, the dollar was little changed at $1.1822.
Gold climbs as concern over coronavirus cases increase
Oil climbs as US crude stocks decline
Dollar rise after coronavirus vaccine news
The prospect of a COVID-19 vaccine advanced the dollar against yen and Swiss franc, but it is slowly losing momentum because a lot needs to be done before a vaccine can be distributed.
A lot of US states on Tuesday have put up tight restrictions to help contain the spread of the virus as hospitalization surges.
On the other hand, the New Zealand dollar jumped to its strongest level in more than a year.
The fall of the dollar index has advanced other currencies. The Chinese yuan struck a 28-month peak, the New Zealand dollar rose 0.6% to hit a 19-month high and the Australian dollar made a seven-week top.
The greenback index has stood at 92.641 against a basket of six major currencies, close to a two-week low.
The dollar index fell 0.3% at 92.836. Markets are keen to see the Fed's economic projections, and particularly whether it spells out where it sees inflation headed and what exactly that means for interest rates.
The greenback gained about 0.6% on the risk-sensitive Australian dollar and the yen streaked ahead even further, gaining half a per cent on the dollar to a one-week high of 104.95, and rising more than 1% on the Aussie.
Emirates Integrated Telecommunications Company (EITC), has published on Monday its financial results for the second quarter of 2021. The Dubai-based telecom major recorded a 11.4 per cent jump in Q2 net profit to Dh240 million.
Since its establishment in 1971, Abu Dhabi Fund for Development (ADFD) has been playing a leading role in translating into reality the UAE’s vision to strengthen the economies of developing countries,
One of the main tools adopted by the Abu Dhabi Fund for Development (ADFD) within its policy to support the national economy, is to expand the scope of work of national companies
According to the statistical report of the first half of 2021 regarding the real estate transactions issued by Sharjah Real Estate Registration Department, Sharjah’s real estate sector