Blankfein Called It, Now the Whole World Is Watching Commodities

It was mid-September when Lloyd Blankfein, the former chief executive officer of Goldman Sachs Group Inc., suggested investing in commodities was “not a bad thing.” Prices for most materials were just off pandemic lows and the asset class was still very much the ugly duckling. Fast forward four months and commodities are surging. Goldman Sac...

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...

Dubai Bets On Speedy Vaccine Rollout to Keep Expo 2020 on Track

Dubai is hoping one of the world’s fastest vaccination programs and rapid testing technology will help achieve its goal of holding the Expo 2020 event this year, after the coronavirus pandemic forced a delay. The government is confident inoculation programs will be successful enough to open the Expo on Oct. 1 and says it’s still possible tha...

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...

Biden to sign executive orders rejoining Paris climate accord and rescinding travel ban on first day

President-elect Joe Biden plans to sign roughly a dozen executive orders, including rejoining the Paris climate accord and ending the travel ban on predominantly Muslim countries, on his first day in office, according to a memo from incoming chief of staff Ron Klain. He'll also sign orders halting evictions and student loan payments during the c...

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...

SLS: Nasa's 'megarocket' engine test ends early

Shortly before 22:30 GMT (17:30 EST) on Saturday, the four engines ignited, burning for more than a minute before the event was aborted. The core stage of the the Space Launch System (SLS) was being evaluated at Stennis Space Center, in Mississippi. The engines were supposed to fire for eight minutes to simulate the rocket's climb to orbit. The ...

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...

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/...

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...

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