When a market gets jittery, the easiest way out for a business is to drop prices and hope that sales would somehow compensate. But it is an approach fraught with risk, especially if a business is perched at the premium end of the market. In such circumstances, is a trade-off between price and sales volume […]
The road passing through the Hajar Mountains will be inaugurated on April 13.
The armed forces overthrew President Omar al-Bashir after 30 years in power.
Abraaj had been the largest buyout fund in the Middle East and North Africa until it collapsed last May.
Narendra Modi is the first Indian prime minister to have visited the UAE in over three decades and, as voters take to the polls, he will be hoping his charm offensive in the region will be a big asset during his re-election campaign
Most family businesses have no succession plans, while only 12% survive through the third generation
NEW YORK: The chief executive and a managing partner of the collapsed private equity firm Abraaj Capital Ltd were arrested on U.S. charges that they defrauded their investors, including the Bill & Melinda Gates Foundation, a federal prosecutor said on Thursday. Abraaj founder and Chief Executive Arif Naqvi was arrested in the United Kingdom last Friday, […]
Dubai Electricity and Water Authority (DEWA) has added an instant voice chat feature to its virtual employee Rammas, in More…
Dubai: Emirates Global Aluminium (EGA), one of the largest industrial companies in the UAE, announced yesterday that operations have started at its Al Taweelah alumina refinery, a project that expands the industrial giant’s business upstream in the aluminium value chain. Once full ramp-up is achieved, Al Taweelah alumina refinery is expected to produce some two […]
You can face jail term of six months and a hefty fine.