Newly formed business group aims to enhance the competitiveness of local steel companies and support the sector’s growth and development
Business1 day ago
Amidst Russia’s ongoing military operation in Ukraine, equity indices opened in green on Friday with the Sensex up by 791.81 points and Nifty up by 267.70 points.
The 30-scrip BSE Sensex was up by 791.81 points or 1.45 per cent at 55321.72 at 9.15 am.
Similarly, 50-scrip NSE Nifty was trading at 16515.70 at 9.15 am, up by 267.70 points or 1.65 per cent.
On the Sensex, the sectors trading on a positive bias were consumer durables and consumer discretionary goods and services among others.
On Thursday, key indices crashed by nearly five per cent, erasing over Rs13 trillion of investors’ wealth in a day.
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The Indian stock market’s benchmark Sensex crashed 2,702 points or 4.72 per cent. This is the fourth-worst fall ever in an absolute term in the Sensex. The index suffered a loss of 2,850 points in the intra-day.
The broader Nifty 50 of the National Stock Exchange dipped 815.30 points or 4.78 per cent to 16,247.95 points.
Newly formed business group aims to enhance the competitiveness of local steel companies and support the sector’s growth and development
Business1 day ago
The initiative aims to develop new business accelerators that will prepare the UAE’s national economy to embrace business activities focused on the new economy and enhance its readiness to enter tomorrow’s markets, utilizing the latest technological means
Business1 day ago
The rating agency has lowered global growth projections for both 2022 and 2023 as Russia’s invasion of Ukraine and pandemic lockdowns in China add to supply shocks and stoke inflation
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For the UAE, the economic recovery is projected to continue in 2022, with growth anticipated to reach 4.7 per cent driven by oil and non-oil sectors, according to the latest issue of the World Bank’s Gulf Economic Update
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The WEF hosted the expert dialogue titled “Transitioning to a green Middle East,” on the collaborative action Middle East leaders must take to navigate between net-zero ambitions and socioeconomic realities.
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Exclusive event to bring prominent speakers and experts on one platform to cover different aspects of infection prevention and control, leading to sustained healthcare systems and improved patient outcomes.
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Top global brands introduce latest products in the Middle East for the first time
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ENBD REIT also substantially reduced its operating, fund, and finance costs, negotiated revised lease terms, and increased the average length of its leases during an active 2022 financial year.
Business1 day ago