Saturday, January 25, 2025

Finance

ADGM, ADEX sign deal to boost UAE’s exports, economic growth

Abu Dhabi Global Market (ADGM), the award-winning international financial centre, and Abu Dhabi Exports Office (ADEX), the UAE-wide export financing entity founded by Abu Dhabi Fund for Development, have signed a memorandum of understanding (MoU) to develop the exports...

Pakistan clears $7.2 billion railway project linking it with China

Pakistan has approved $7.2 billion railway line upgradation project between Peshawar and Karachi under the China Pakistan Economic Corridor, CPEC. The approval of the project to upgrade the 1,872 km-long railway track from Peshawar to Karachi is a big milestone...

Abu Dhabi unveils initiative to hasten issuance of business licences

The e-contract and e-signature system will make the process much simpler for one-person and limited liability companies Abu Dhabi launched an initiative to hasten the issuance of business licences in an effort to boost economic activity and improve the emirate's...

Majority of GCC companies are adjusting salaries or benefits to mitigate Covid-19 effects

Almost 40% will freeze recruitment, enforce terminations or place employees on furlough, Mercer survey finds About 70 per cent of GCC companies plan to adjust one or more elements of their compensation and benefits policies to reduce the damage inflicted...

Coronavirus: Kuwait to reopen mosques in quiet areas after three-month closures

The Ministry of Awqaf and Islamic Affairs said mosques in sparsely-populated areas will receive worshippers on Wednesday Kuwait's Ministry of Awqaf and Islamic Affairs has given the green light to mosques in some areas to reopen from Wednesday after almost three...

Singapore could face tougher future as global ties weaken

Prime minister Lee Hsien Loong predicts 'a less prosperous world, and also a more troubled one Cranes tower above a liquid-petroleum gas ship at the Sembawang wharves in Singapore.  Singapore is spending 20 per cent of its GDP as part of...

The nine economic data points that should make investors more cautious

Post-lockdown euphoria has seen markets rally, but the best investment advice may be to do nothing with your portfolio Post-lockdown euphoria, or at least the loosening of restrictions that have dogged us for the past few months, boosted stock markets...

Egypt’s foreign reserves drop by $1bn in May

Investors have withdrawn money from emerging markets in recent months as concerns about the economic impact of the coronavirus grew Egypt's foreign reserves declined by a further $1 billion (Dh3.67bn) in May, the central bank said on Sunday, as the...

World’s most expensive property market retains its appeal

Hong Kong's small land area and shortage of homes means buyers are still keen on real estate A security law that threatens to upend Hong Kong’s status as an Asian financial hub hasn’t slowed the world’s most expensive property market. Dozens...

Oil prices’ roller coaster ride in 2020: why prices go up and down

The US crude benchmark fell to -$40 in April and rose to above $40 in June. We explain oil's volatility Oil markets have been on a roller coaster this year, with prices recovering moderately in January, only to decline to...

Latest News

Dubai: Over a dozen flights diverted after flydubai plane aborts takeoff from DXB

A flydubai aircraft aborted its take-off at Dubai International Airport on Friday morning. All passengers and crew left the...

UAE: How to get night work permit in Dubai and Abu Dhabi

Do you run a business that requires operations outside of regular working hours? If you operate in Dubai and Abu Dhabi, a night work...

Today Gold Rate in Saudi Arabia – 24th Jan 2025

Today Gold Rate in Saudi Arabia (SAR) Today Per tola is SAR 4,000.68 while 24k Per 10 Gram gold price is SAR 3,430.00. Usually...

Today Gold Rate in Qatar – 24th Jan 2025

Today Gold Rate in Qatar Today Per tola is QAR 3,889.88 while 24k Per 10 Gram gold price is QAR 3,335.00. Usually people opt for...

Today Gold Rate in Oman – 24th Jan 2025

Today Gold Rate in Oman Today Per tola is OMR 409.98 while 24k Per 10 Gram gold price is OMR 351.50. Usually people opt...