San Francisco: Apple said Tuesday that profits in the past quarter dropped amid falling iPhone sales, but the results were above Wall Street expectations and sent shares sharply higher. The California tech giant reported a 16 per cent drop in profits in the just-ended quarter to $11.6 billion (Dh42.6 billion), as overall revenues dipped five […]
Dubai: Mobile network services providers Etisalat and du have again changed their network names to mark another important occasion, and this time, it is to honour all the workers out there. On Wednesday, May 1, UAE residents started seeing their telecom carrier’s name changed to “Labour Day.” The yearly tribute is observed worldwide every May […]
Dubai: The state-owned hotel brand Jumeirah is set announce major investments in key European cities in the coming months totalling upwards of $1 billion, as the company continues its agenda of rapid international expansion. In the past year, the company has opened a hotel in Nanjing, China, with plans to open properties in Bali and […]
Business Excellence Awards is celebrating 25 years of promoting outstanding performance. What was the idea behind setting up the awards? In 1994, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, wanted to set up a process-based award to improve the way businesses were run […]
Abu Dhabi: Growth in the UAE is forecast to be at 2.6 per cent in 2019 and jump to 3 per cent in 2020, as the country pushes infrastructure investments ahead of Dubai’s Expo 2020, according to the new World Bank’s Gulf Economic Monitor released on Wednesday in Abu Dhabi. The country’s economy is forecast […]
These new logistics units will be developed over a 580,000sqm area within the SOHAR Freezone and will comprise up to 290,000sqm of leasable …
… Management, added that the initiative encourages students to jump forward with their ideas rather than worry about formalities.
San Francisco: Google-parent Alphabet said Tuesday that Eric Schmidt, who was chief of the internet giant for a decade, will leave the board in June. Schmidt, who turned 64 this month, stepped down as chairman of the Alphabet board at the start of last year, remaining a member but shifting to a role as a […]
Salam is survived by his wife and two children, who are all in Kollam, a city in Kerala, India.
The entire blame for the financial mess at Drake & Scull International, whereby it reported losses of Dh5 billion for 2018, has been placed on the previous management and Board of Directors, by the company’s current management. In particular, the “deliberate” decision to deferr the announcement of losses incurred between the years 2009 and 2016. […]