Two restaurants, one coffee shop open daily in Dubai, says DED

DUBAI: The total number of operational restaurants and cafes in the emirate of Dubai has reached 427 during the first four months of 2019, according to the Business Registration and Licensing (BRL) sector in the Department of Economic Development, DED, Dubai. This includes 258 restaurants and 169 coffee shops, a growth of 25 per cent […]

Nasdaq withdraws offer to acquire Oslo stock exchange

Oslo: US stock market operator Nasdaq said Monday it was withdrawing its offer to acquire the Oslo Stock Exchange, clearing the way for its European competitor Euronext. “This decision has been made because under the current circumstances the minimum acceptance condition for completion of the offer is incapable of being satisfied,” the company said in a […]

A Renault deal with Fiat Chrysler is old school in tech-obsesses times

Dubai: Another merger in the global auto industry? Seems so like something from the last decade. At a time when car manufacturers have been busy picking up hot-shot tech startups — or at least enter into alliances with them before anyone else did — Renault’s decision to seek a merger with FCA (Fiat Chrysler Automobiles) […]

US ‘not ready’ to make a trade deal with China, Trump says

Tokyo: The US isn’t ready to make a trade deal with China, President Donald Trump said while on a state visit to Japan. “I think they probably wish they made the deal that they had on the table before they tried to renegotiate it,” Trump said on Monday at a joint press conference in Tokyo […]

Why UAE phones say ‘UAE number one’

Dubai: The UAE’s telecom service providers have changed the network names on subscribers’ mobile phones to “UAE number one.” The new phrase started popping up on users’ gadgets, including those served by du and Etisalat, on Monday morning, just after it was announced that the country has ranked first globally in a global competitiveness index.  According […]

India’s slowing economy should be a big worry for Modi

NEW DELHI: India’s slowing economic growth is of serious concern and the country needs to urgently cut tax and interest rates to revive the economy, a top industrial body said on Monday ahead of the inauguration of Prime Minister Narendra Modi’s second term. The economy grew 6.6% in the three months to December — the […]