Dubai: The value of non-oil foreign trade in the UAE reached nearly Dh1.63 trillion in 2018, up slightly from the Dh1.61 trillion in 2017. Figures from the Federal Customs Authority (FCA) on Tuesday showed that within non-oil trade, the value of exports rose by 1.8 per cent to Dh212 billion. Re-export values reached Dh478.4 billion […]
She held onto Sheikh Mohammed tightly, thanking him for the surgery.
Dubai: Careem announced on Tuesday it has acquired Cyacle, a bike rental service, which will allow the ride-hailing app to grow its presence in the transport sector. Careem did not disclose the value of the deal, but said the acquisition will allow it to improve mobility in the region. “Many journeys are relatively short in […]
(Bloomberg) — Vietnam’s economy could be bigger than Singapore’s by 2029, says DBS Bank Ltd. The Southeast Asian nation has the potential to grow at a pace of about 6-6.5 per cent over the next decade, DBS forecasts, citing strong foreign investment inflow and productivity growth in the coming years. “If it can sustain that […]
OTTAWA: Canada took a first step toward ratifying a new North American trade agreement on Monday just three days ahead of US Vice President Mike Pence’s trip to Ottawa to discuss passage of the treaty. Foreign Minister Chrystia Freeland presented what is known as a “ways and means motion” to the House of Commons, which […]
Dubai: The much-hyped cycle of bank mergers across the GCC region during the last two years is coming to a close, thanks to resilient financial performance by the region’s banks despite the slowdown in economic growth. “Some market observers attribute this trend to the less supportive economic conditions since second-half 2014, when oil prices started […]
Decision contributes to attracting more foreign investments and position the UAE a hub for business.
PARIS: French automaker Renault said on Monday that it would study “with interest” a 50-50 merger proposal from Fiat Chrysler, a deal that could reshape the industry as Renault reviews its options following the arrest in Japan of its chief executive. Renault had for years tied its strategy to a partnership with Japanese automaker Nissan […]
The Business Registration and Licensing (BRL) sector in the Department of Economic Development (DED), Dubai, in its new More…
Mubadala Aerospace’s Turbine Services and Solutions, a maintenance repair and overhaul, MRO, provider for aircraft More…