Tuesday, April 29, 2025

Finance

Aircraft maker Boeing steps up deep cleansing initiative

US company launches 'Confident Travel Initiative' to try and bring back travellers Dubai: Aircraft manufacturer Boeing has launched a new cleanliness-focussed strategy to try and restore passenger confidence in taking to the skies again. The ‘Confident Travel Initiative’ (CTI) aims...

France’s job loss to touch record high of 12% in 2021

There could be 1 million fewer jobs before end of this year The French government has stepped in to try and stem job losses, through wage protection schemes. But these may prove inadequate. Paris: French economic output will take two years...

Cathay Pacific plans to raise $5b via rights issue as airlines keep suffering

If approved, airline will issue seven rights shares for every 11 held Hong Kong: Cathay Pacific Airways has announced a HK$39 billion ($5 billion) recapitalization plan that includes preference shares and a rights issue as it battles through unprecedented difficulty...

Restaurants are ripe for the digital age

Crisis times prove blending new ways to reach consumers offer them a better chance Across the Arab world, food – whether dining out or ordering in, whether it’s a taste for local or international cuisines – dominates conversations every day....

Master-developer Meraas to be integrated into Dubai Holding

Entity will continue to hone its expertise around creating real estate destinations The La Mer in Jumeirah is part of the Meraas portfolio of mixed-use destinations dotting Dubai. Dubai: The master-developer Meraas, the name behind Jumeira Bay and La Mer, will...

Dubai’s Drake & Scull International finally turns a profit

Engineering giant had been fighting off a Dh5b accumulated loss and legal wrangles Once a big player in the region's construction space, Drake & Scull International has won some much needed breathing space with latest results. Dubai: After reporting a whopping...

Dubai’s jobless rate sees a drop in May, new orders too show some gains

But consumer demand is far from seeing a definite pick up, and may need more time Dubai: A gauge of business conditions in Dubai has bounced back to the highest since the coronavirus pandemic dragged the economy into a downturn...

Dubai developer gets ‘locked out’ of own project by contractor

Croesus Holdings finds entrances boarded up at its two Dh100m projects in Majan Dubai: A developer in Dubai has been "locked out" out of its two completed projects in Dubai, after a dispute escalated with its contractor related to costs. Construction...

Italy’s service sector emerges slowly from lockdown crises

Italy’s service sector contracted again in May but less sharply than a month before, a survey showed, as the country emerged from its lockdown to try to contain one of the world’s worst coronavirus outbreaks. The IHS Markit Business Activity...

Sharjah Airport marks new milestone

A new milestone was marked by Sharjah Airport as it received the “Green Airport” Silver recognition 2020, which acknowledges airports’ achievements in environmental projects. Within the preservation of the environment programme issued by the Airports Council International (ACI) Asia-Pacific region,...

Latest News

Abu Dhabi to roll out face-recognition technology for check-in across all hotels

Abu Dhabi will deploy face-recognition technology across all hotels for the safety of the visitors, residents and employees. The...

MoHRE launched Digital Wallet for payments

MoHRE's Digital Wallet allows corporate customers to instantly settle fees and financial obligations. Dubai: The Ministry of Human Resources and Emiratisation (MoHRE), in collaboration with...

New Dubai-Sharjah intercity bus to begin operating from May 2

A new intercity bus service between Dubai and Sharjah will start on Friday, May 2, the Roads and Transport Authority (RTA) announced on Monday. RTA...

Dubai airport train service temporarily disrupted at Terminal 1

There was a disruption in the train service at the Dubai International Airport (DXB) on Thursday. “Dubai Airports is currently managing guest movement between Terminal...

Today Gold Rate in Dubai (UAE) in Dirham, 28th April 2025

Today Gold Rate in Dubai (UAE) Today Per tola is AED 4,665.52 while 24k Per 10 Gram gold price is AED 4,000.00. Usually people...