The country could see one of the developed world’s deepest recessions in 2020
The UK economy shrank a record 20.4 per cent in April as businesses and workers reeled under the lockdown designed to control the coronavirus pandemic.
The contraction, which...
Each new week with no virus solution pushes back prospects of a 2021 upturn
No early blooming for the world economy. The International Monetary Fund will be putting out its latest outlook on likely prospects later this month.
Washington: The global...
It was a turmoil set off by a chance remark on banks' dividend plans this year
Kuwaiti investors didn't warm up to the idea of banks not issuing any dividends this year. Stocks crashed and the regulator had to intervene....
Dow Jones down 6.9%, bourses in Paris, Frankfurt, London down at least 4%
A Wall Street sign near the New York Stock Exchange (NYSE) is seen on May 8, 2020 in New York City.
New York: After a rally lasting more...
It becomes the latest entity to extend trading in shares to overseas investors
Dubai: Foreign investors can take up shareholding in Commercial Bank of Dubai up to 40 per cent, effective from June 14.
"The bank has received substantial interest from...
Customers ordering through these will not be charged for delivery, which will be decisive
Restaurants in Dubai and Abu Dhabi are coming together to launch their own apps and take on the order-and-delivery portals. Residents will benefit as they won't...
Rule of thumb is to make do with a three-step in and out process on such usage
In the previous commentary, we talked about the diversity of the key functions at any IT department, and that each function has a...
These will only be for Egyptians and those who meet entry requirements at Cairo
Dubai: Emirates airline will operate four flights between Dubai and Cairo on June 14,18,19 and 21 to help stranded Egyptians in the UAE return home.
Only Egyptian citizens...
It's Al Furjan community too has seen a fair bit of deal making during the period
Prices start at Dh2.35 million for a villa at Nad Al Sheba community. The location continues to be a firm favourite with UAE nationals.
Dubai:...
It will combine UK and Dutch units into one, giving it more flexibility on future plans
Unilever's plans to consolidate in London offers it greater leeway in targeting future acquisitions. But the consumer brands giant could still split food division...
