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    Mining sector gets Dhs4.3 billion facility

    Mining sector gets Dhs4.3 billion facility

    12 Mar 2021

    The quarrying and mining activities in the UAE received Dhs4.3 billion in credit facilities in 2020, bringing to Dhs14.94 billion the cumulative balance of loans obtained by the industry by...

    Asian stocks up as Biden signs $1.9tr stimulus fund

    Asian stocks up as Biden signs $1.9tr stimulus fund

    12 Mar 2021

    Asian shares pushed higher on Friday after US President Joe Biden signed a $1.9 trillion stimulus bill into law, and as a retreat in bond yields overnight eased global...

    Egypt’s economy records growth rate of 2% in the second quarter

    Egypt’s economy records growth rate of 2% in the second quarter

    12 Mar 2021

    Egypt’s economy recorded an annualised growth rate of 2% in the second quarter of its 2020-21 fiscal year, and 1.35% in the first half of the same, Planning Minister...

    Rakuten to sell 8.32% stake to Japan Post in e-commerce war

    Rakuten to sell 8.32% stake to Japan Post in e-commerce war

    12 Mar 2021

    Japanese e-commerce firm Rakuten said on Friday it would sell an 8.32% stake to postal and banking giant Japan Post Holdings Co, deepening a logistics tie-up in the face of...

    Indian shares record gains due to financial rise

    Indian shares record gains due to financial rise

    12 Mar 2021

    Gulf Today Report  Indian shares climbed on Friday as financial stocks recorded gains and the country’s central bank removed certain restrictions on lenders, making IDBI bank surge. By 05:05...

    UK economy drops by 2.9% in January due to COVID-19 restrictions

    UK economy drops by 2.9% in January due to COVID-19 restrictions

    12 Mar 2021

    Gulf Today Report  Britain’s economy contract by 2.9 per cent in January following lockdown in various parts of the country. According to the Office for National Statistics, the gross...

    Oil prices record 2% gains following dollar decline

    Oil prices record 2% gains following dollar decline

    12 Mar 2021

    Gulf Today Report  Oil prices gained above 2 per cent on Friday as dollar declines and hope for crude glut being short-lived following a decline in US fuel stocks....

    Gold declines as US bond yields firm

    Gold declines as US bond yields firm

    12 Mar 2021

    Gulf Today Report  Gold prices dropped on Friday on firm US bond yields and a strong dollar, however, it is still on course for its biggest weekly gains. Spot...

    Summit discusses development of ‘Open Banking’ in Middle East

    Summit discusses development of ‘Open Banking’ in Middle East

    11 Mar 2021

    Sajjad Ahmad, Staff Reporter The 10th Annual Middle East Banking Innovation Summit held in Dubai explored the latest advancements in financial technology (fintech) and banking technology. The summit was...

    UAE’s economy shows remarkable ability to overcome virus impact

    UAE’s economy shows remarkable ability to overcome virus impact

    11 Mar 2021

    In 2020, the UAE’s economy showed a remarkable ability to overcome the impacts of the coronavirus pandemic, with the Central Bank of the UAE revealing that early recovery signs...

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