Low oil prices to intensify credit pressures for most oil exporters
Malls in Dubai continue to attract shoppers despite the threat of coronavirus worldwide. Relatively greater levels of economic diversification and robust sovereign assets are expected to better shield the...
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...
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...
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...
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....
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...
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...
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...
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 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...
