Brand Dubai, the creative arm of the Government of Dubai Media Office, has dedicated a key section of the Arab Media More…

Light to moderate showers to continue till Saturday.

Light to moderate showers to continue till Saturday.

FRANKFURT: German auto parts maker ZF Friedrichshafen has agreed to buy US rival Wabco for over $7 billion in cash in a bid to bulk up its expertise in trucks and driver-assistance systems, the companies said on Thursday. The all-cash deal is for $136.50 per share and represents a 13 per cent premium to Wabco’s […]

CAIRO: Egypt’s 2019-20 budget is based on the average exchange rate set by the central bank between March 1 and March 15 this year, the finance ministry said on Thursday. The pound’s average exchange rate to the dollar between March 1 and March 15 was 17.46, a finance ministry official said in response to a […]

Senior telecoms exec tells Arab Media Forum that Etisalat’s 5G network is ‘fully ready’

Sources say sovereign wealth fund is working with financial advisers as it weighs what to do with Canadian plastics maker

Dubai: Damac Properties handed over more than 4,100 homes during 2018 and the highest annual tally it has reached since inception. Many of these were within its Damac Hills community, and there were also those at the Damac Towers by Paramount Hotels & Resorts Dubai. Hussain Sajwani, Chairman, said: “In 2018, we maintained our pace […]

Luna was seized at Port Rashid – when it docked for some maintenance work in February 2018.

WASHINGTON: The US economy slowed more than initially thought in the fourth quarter, keeping growth in 2018 below the Trump administration’s 3 per cent annual target, and corporate profits failed to rise for the first time in more than two years. Gross domestic product increased at a 2.2 per cent annualised rate, the Commerce Department […]