RAKEZ at Gulfood Exhibition 2019

We’re participating at Gulfood 2019 from 17-21 February in DWTC. Visit us at Stand CCM 9, in Main Concourse 2, to avail up to 25% off on business and warehouse set-up packages. سوف نتواجد في معرض جلفود 2019 من 17 وحتى 21 فبراير. تفضلوا بزيارتنا في منصّة CCM9، في القاعة رقم 2 بمركز دبي التجاري […]

Payless to liquidate us stores, wind down online operations

New York. Payless Inc is liquidating its US and Puerto Rico stores and shutting down its online operations as the upheaval in the retail industry claims its latest victim. The discount shoe chain is starting liquidation sales on February 17, and expects the stores to remain open until at least the end of March, according […]

Fewer disasters help lift Allianz’ profits in 2018

FRANKFURT. German insurer Allianz on Friday reported a 10-year high in annual net profits thanks to fewer claims for natural disasters in 2018, and said it expected a similarly strong performance this year. Net profit attributable to shareholders jumped 9.7 per cent year-on-year to 7.5 billion euros ($8.5 billion), the Munich-based group said, slightly less […]

Porsche warns UK buyers of possible 10% hard Brexit price hike

Frankfurt. Porsche AG’s UK unit has told customers they might have to pay as much as 10 per cent more than expected for their imported cars if the UK makes a hard Brexit and their imported car arrives after March 29, when the country is set to leave the European Union with or without a […]

Why Amazon is investing in electric truck maker Rivian

Los Angeles. In its first big electric vehicle investment, Amazon is leading a round of fund-raising by pickup and SUV start-up Rivian. Amazon’s specific contribution to the $700-million round wasn’t revealed in Rivian’s announcement of the deal Friday. It is the second auto-related investment this month for the online retail and technology giant; Amazon took […]