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    International companies must have regional HQ in Saudi by 2024 or they won't bag govt deals, says Ministry

    International companies must have regional HQ in Saudi by 2024 or they won't bag govt deals, says Ministry

    16 Feb 2021

    International companies that want to participate in the Saudi government's investment opportunities "will have to make a choice" and establish regional headquarters in the kingdom as of 2024 or...

    Ministry of Energy and Infrastructure implements 129 development projects worth Dhs11.8 bn

    Ministry of Energy and Infrastructure implements 129 development projects worth Dhs11.8 bn

    16 Feb 2021

    The Ministry of Energy and Infrastructure has revealed that it is implementing 129 development projects worth approximately Dhs11.8 billion, as part of the ministry's five-year plan (2018-2023). Hassan Mohammed...

    Precious metal funds record biggest weekly outflow

    Precious metal funds record biggest weekly outflow

    16 Feb 2021

    Gulf Today Report  Gold and silver mutual funds rose, their biggest outflows in three months as investors focus on investing in soaring equities and high-yielding bond markets. iShares Silver...

    Oil prices rise due to US oil wells freezing

    Oil prices rise due to US oil wells freezing

    16 Feb 2021

    Gulf Today Report  Oil prices jumped on Tuesday due to weather affecting wells and refineries in Texas, the world’s biggest oil producer. Concerns of supply in the world’s biggest...

    UAE and Africa non-oil trade hits $40.7b in first nine months of 2020

    UAE and Africa non-oil trade hits $40.7b in first nine months of 2020

    15 Feb 2021

    The value of non-oil trade between the UAE and Africa totalled $40.7 billion in the first nine months of 2020, compared to $36.9 billion in the same period of...

    India’s wholesale price inflation up 2.03 per cent during January

    India’s wholesale price inflation up 2.03 per cent during January

    15 Feb 2021

    India’s annual rate of inflation based on wholesale prices (WPI) sequentially rose to 2.03 per cent in January from a rise of 1.22 per cent in December. In contrast, the...

    Imran Khan thanks overseas Pakistanis for sending record $2b remittances over eight straight month

    Imran Khan thanks overseas Pakistanis for sending record $2b remittances over eight straight month

    15 Feb 2021

    The State Bank of Pakistan (SBP) announced on Monday that the remittances from Pakistani workers employed abroad remained above $2 billion for 8th straight month as during the corresponding...

    ADNOC Distribution reports Dhs2.4 billion net profit

    ADNOC Distribution reports Dhs2.4 billion net profit

    15 Feb 2021

    ADNOC Distribution on Monday today reported that its net profit for the fourth quarter of 2020 grew to Dhs851 million, with underlying EBITDA (EBITDA excluding one-offs and inventory gains/losses)...

    Oil prices jump to 13-month highs

    Oil prices jump to 13-month highs

    15 Feb 2021

    Gulf Today Report  Oil prices edged higher on Monday, their highest in 13 months due to tension in the Middle East hope for US stimulus and eased lockdown supporting...

    Gold prices ease as US yields inch up

    Gold prices ease as US yields inch up

    15 Feb 2021

    Gulf Today Report  Gold declined on Monday due to the jump in US Treasury yields to their highest in 11 months. Spot Gold fell 0.1% to $1,821.84 per ounce...

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