Egypt’s economy seen growing 5.5% in year to end of June

CAIRO: Egypt’s economy is expected to grow 5.5 per cent in the fiscal year that ends in June, according to economists polled by Reuters, a forecast slightly higher than the one offered by a survey three months ago but lower than the government’s target. The economy, with the exception of the oil industry, has struggled […]

Amazon delivers record profits on gains in cloud, advertising

San Francisco: Amazon on Thursday delivered record profits for the first quarter, fuelled by gains in cloud computing and new business segments for the US technology colossus. Net profit in the quarter more than doubled from the same period last year to $3.6 billion (Dh13.2 billion), extending Amazon’s trend of rising profitability. Overall revenues for […]

Travellers spent Dh22.8 billion in UAE last year: Visa

Dubai: Travellers visiting the UAE spent 4 per cent more last year on their bank cards than in 2017, according to a new report from card company Visa. The company said this indicated a positive uptick in the local economy. Between January and December 2018, the report shows international Visa cardholders spent Dh22.8 billion with […]

Technology represents opportunities, challenges for diversity

Dubai: Whilst technology is improving the understanding that companies have of their customers, it may also be creating blind spots, according to the regional managing director of the consultancy Accenture. Technology “adds to the opportunities, but also creates complexities,” said Emmanuel Viale, the managing director of Accenture Labs, the consultancy’s research and development division. A […]