Economy

Coronavirus: US Fed cuts interest rates to near zero, coordinates with other central banks to combat Covid-19.

Fed's surprise announcement signaled its rising concern that the viral outbreak will depress economic growth The US Federal Reserve took massive emergency action Sunday to...

UAE Inc. committed to fight Covid-19.

The stimulus package will give a significant boost to the UAE banking sector. The UAE Central Bank's Dh100-billion stimulus package will provide additional liquidity to...

Indian rupee hits record low, touches 20.46 against UAE dirham.

Traders expect the central bank to step in to prevent further sharp falls in the currency. The Indian rupee dropped to a record low on...

UAE, GCC stock markets bounce back as oil prices recover.

Oil prices also bounced back on Tuesday morning after crashing 31 per cent on the previous day. The UAE and GCC stock markets bounced back...

Saudi Arabia slashes oil prices after collapse of OPEC+

DUBAI: The eyes of the world will be on the oil markets when the big trading hubs in Europe and North America open following the...

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