Apple set to launch Netflix-style streaming service

San Francisco: Apple is expected to launch a slew of new products at its Cupertino headquarters in California on Monday, including a Netflix competitor, a revamped news service and a subscription-based gaming offering. The event, to be hosted at the Steve Jobs theatre on campus, will herald a new era for the iPhone maker as […]

UAE-China trade prospects on the rise: HSBC UAE CEO

Dubai: Prospects for two-way trade between the UAE and China remain bright despite a cloud of gloomy global economic sentiment cast by Washington’s trade war with Beijing, according to HSBC UAE CEO Abdul Fattah Sharaf. “The fast-paced trade growth between China and the United Arab Emirates (UAE) is a standout example of what can happen […]

China not conceding to US demands to ease curbs on tech firms

Beijing: Ahead of fresh high-level trade talks this week, China is not conceding to US demands to ease curbs on technology companies, the Financial Times reported on Sunday, citing three people briefed on the discussions. US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are scheduled to travel to Beijing for talks starting on […]

China officials tap lower tariffs, debt sales to aid growth

Beijing: China’s top officials pledged to lower tariffs and expedite debt sales in 2019 as they seek to manage an economic slowdown while tackling the trade standoff with the US. The country will continue to cut import taxes and create a first-rate environment for foreign businesses as it opens up the economy, Vice Premier Han […]

UAE government’s surplus in 2018 stood at Dh67.5b

Abu Dhabi. The UAE government’s surplus posted Dh67.5 billion in 2018, according to the latest figures released by the Ministry of Finance. The surplus increase is attributed to the rise in the UAE Government’s revenues, which hit Dh455.5 billion in 2018, while expenditures totalled Dh388.147 billion. Earlier, the Federal Competitiveness And Statistics Authority announced that […]