Wall Street Week Ahead: GameStop Frenzy Reveals Potential for Broader Market Stress

As the trading frenzy in GameStop Corp shares and other social media favorites recedes, investors are eyeing signs of potential market stress that could weigh on broader stock performance in coming weeks. For now, U.S. equities appear to be looking past last week’s surge in volatility that led the S&P 500 to its biggest weekly decline sinc...

Tech Giants Apple, Microsoft and Tesla Headline a Busy Earnings Week

Tech giants Microsoft Corp., Apple Inc. and Tesla Inc. will be among the companies headlining a busy earnings week, shedding more light on how businesses performed at the end of 2020 as Covid-19 cases rose. Overall, more than a fifth of the S&P 500 and a third of the Dow Jones Industrial Average are expected to provide their quarterly update...

RBI Proposes Multilayer System and Stricter Norms for NBFCs

The Reserve Bank of India (RBI) proposed a four-layered structure for non-banking finance companies (NBFCs) and new norms to strengthen their governance and operations. The RBI, in a discussion paper, proposed to differentiate between NBFCs depending upon the layer they belong to, such as base and middle. “To sum up, regulatory and supervisory...

Biden Seeks to Juice Economy as Congress Spars Over Stimulus

President Joe Biden is discovering the limits of his power to boost the world’s largest economy on his own, as congressional opposition to his sweeping stimulus plan hardened soon after he was inaugurated. While publicly urging Congress to swiftly pass his $1.9 trillion proposal -- warning of rising unemployment, hunger and homelessness if law...

Leaders of Vaccine Rollout Deliver World-Beating Market Gains

The race to deliver the jab to the world’s populations has so far been led by a handful of smaller nations, and now they’re outpacing some of the wealthiest countries in the eyes of traders too. The fastest Covid-19 vaccination rollouts globally, in Israel and the United Arab Emirates, are propelling their equities to the top of the world in...

Wafrah approves impeachment of board, audit committee

Wafrah for Industry & Development Co. approved the impeachment of the board of directors and audit committee, as applied for by shareholders in possession of 7.14 percent of the total shares of the company, the firm said in a bourse filing today, Jan. 17. The decision came during the company’s ordinary general assembly meeting (OGM) held v...

Despite Coronavirus Challenges, Sharjah Attracts Over Dhs800 Million in FDI Investments

2020 was arguably one of the most challenging years in human history. The onset of COVID-19 strapped the global economy on a roller-coaster ride, affecting both lives and livelihoods of people worldwide. On the business side particularly, the pandemic has revealed the resilience of cities like Sharjah, which continued to grow amid crisis by allo...

Bahrain’s Investcorp to acquire Indian e-commerce firm

Bahrain’s Investcorp has signed an agreement to acquire Unilog, an Indian e-commerce solutions provider. Investcorp’s backing is expected to support further platform innovation and customer acquisition. The financial terms of the transaction were not disclosed. “Unilog presents an attractive opportunity, as it operates in a large and growi...

Billionaires: Gautam Adani will raise $2.5bn from a renewables deal with Total

Indian billionaire Gautam Adani is raising $2.5bn from a deal that includes the sale of a minority stake in his renewables business to french energy giant Total, a transaction that may help the tycoon cut group debt. Paris-based Total will acquire 20 per cent of Adani Green Energy and a board seat as well as a 50 per cent stake in a portfolio of...

Expo 2020 Dubai: A sneak peek into ‘Terra — The Sustainability Pavilion’

UAE residents and visitors can visit the new attraction from January 22, 2021. Reem Al Hashimy, Director General of Expo 2020 Dubai Bureau and UAE Minister Of State for International Cooperation, during a press conference for the Media Tour of the Substainable Pavillion at The Dubai Expo Site.Source: https://gulfnews.com/photos/news/...

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