Employment conditions worsened again in Dubai at the start of the second quarter.
Lockdown measures in Dubai dampened the spread of coronavirus disease 2019 (Covid-19) and had another drastic impact on business activity in April, said IHS Markit Dubai Purchasing...
Dubai Financial Market general index lost 2.5 per cent, while the Abu Dhabi bourse was down 1.2 per cent.
The UAE and other Gulf countries' stock markets slumped on Monday morning, hit by Saudi Arabia's decision to increase value-added tax...
Saudi Arabia made the announcement on Monday.
Saudi Arabia's government is suspending the cost of living allowance and raising the value added tax (VAT) threefold, as part of measures aimed to shore up state finances, which have been battered by low...
Carrier obtained government approvals to operate 90 repatriation flights over the past few weeks.
Budget carrier flydubai on Monday announced its passenger operations will remain suspended till June 4 as part of precautionary measures being implemented in response to Covid-19.
The carrier said...
Fiscal easing measures will be a relief for businesses struck by COVID-19 affliction
The world as we knew it has been turned drastically. Undeniably, the COVID-19 health crisis has been the biggest challenge in generations, and its far-reaching effects have...
EMs reel in triple shock - coronavirus crisis, tanking oil prices, stock market plunge
Dubai: While analysts largely warn that damage from social distancing will last for longer in most virus-ravaged emerging markets, some see this as an opportune time...
New card will be backed by a cash management account based on smartphones
San Francisco: After witnessing the success of Apple credit card, Samsung is now working on its own physical and virtual smart debit cards that will allow customers...
US private equity firm General Atlantic is considering investing about $850m to $950m
Reuters: Two more firms are eyeing a share of Reliance Industries Ltd’s $65-billion digital unit Jio Platforms, according to Bloomberg News, setting them up to be a...
Limited one-way flights from 12 destinations aimed at helping UAE residents return
ABU DHABI: Etihad Airways will be operating limited one-way flights to Abu Dhabi starting tomorrow (May 9) to enable residents to return to the UAE from different parts...
Dubai based Phoenix Global going into liquidation will cost banks quite a bit
Dubai: Banks in the UAE have exposures between $350 million to $400 million to Phoenix Group, one of the world’s biggest rice trading firms before it went...
Four tankers caught fire after hitting mines near the Strait of Hormuz, while the US prepares additional air defenses in Israel. Trump signals readiness for a strike despite unresolved negotiations with Tehran.
Projections give Democrats control of the House and put them within striking distance of the Senate. Key wins in South Carolina and North Carolina highlight a widening Democratic wave.
Govidan Nair, a 62‑year‑old Indian textile owner living in Dubai, secured a $1 million prize in the Millennium Millionaire Series 562 after 25 years of participation. Another Indian winner took home a Harley‑Davidson in the accompanying draw.
A mid‑morning collision between two private helicopters at Pheriche helipad in Nepal’s Solukhumbu district left one Indian tourist dead and three people injured. Authorities are investigating the accident as the trekking season peaks.
Iran has presented seven core conditions it says must be satisfied before any cease‑fire with the United States can be finalized. Tehran also pledged to lift the Hormuz closure in just 48 hours once its demands are fulfilled.
