A customer checks a gold necklace at a jewellery showroom in Kolkata. File/Reuters
The latest tranche of India’s Sovereign Gold Bonds 2020-21 will be opened for a period from March 1 to 5, 2021. The issue price of the bond during the subscription period will be Rs4,662 per gramme.
Global demand for gold plummeted 14 per cent in 2020 to an 11-year low of 3,759.6 tonne, showed the the World Gold Council’s latest ‘Gold Demand Trends’ report. It was the first time since 2009 that gold demand plunged below the 4,000 tonne mark.
The stock markets took a beating, gold, silver and oil prices zoomed in India. Oil prices are already on the rise in India, which imports over 80 per cent of its requirements. Iraq is the largest crude supplier to India.
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of Dubai Executive Council and Chairman of the Board of Trustees of the Dubai Future Foundation (DFF), has said the metaverse will shape a new digital future for humanity.
Adnoc Distribution announced on Wednesday the approval of an interim dividend payment to shareholders for the first six months of 2022 of Dhs1.285 billion (10.285 fils per share), equivalent to $350 million. This is the first payment of what is expected to be a full-year 2022 dividend payment of minimum Dhs2.57 billion (20.57 fils
Dubai Chamber of Commerce recently hosted a workshop on the UAE Corporate Tax system at its headquarters, which was attended by over 330 participants from the business community, representing various economic sectors. Organised in collaboration with leading law firm Al Tamimi & Co., the workshop supported the Chamber’s
The UAE e-commerce market is expected to reach $27 billion this year chiefly due to exponential growth in Dubai’s small and medium enterprises as the emirate hosts more than 10,000 SMEs. E-commerce sales in the UAE are estimated to grow by an average of 23 percent per annum between 2018 and 2022, according to Statista.