Beirut: Lebanon’s cabinet made “important” progress on Sunday in its debate over the draft budget which will have a deficit of 8.3 per cent of GDP or less, Lebanon’s Finance Minister Ali Hassan Khalil said. The deficit was 11.2 per cent of gross domestic product (GDP) in 2018. Lebanon has one of the heaviest public […]
Mumbai:Indian equity indices traded on a firm note on Monday after most exit polls showed a BJP-led NDA getting a comfortable majority in the now concluded general elections. The Sensex advanced over 1,079 points during the afternoon trade hitting an intra-day high of 39,010. Markets favour a stable governments and until Sunday owing to uncertainty […]
Top US corporations from chipmakers to Google have frozen the supply of critical software and components to Huawei Technologies Co., complying with a Trump administration crackdown that threatens to choke off China’s largest technology company. Chipmakers including Intel Corp., Qualcomm Inc., Xilinx Inc. and Broadcom Inc. have told their employees they will not supply Huawei […]
Dubai Gulf Navigation Holding, the Dubai-based maritime and shipping company, has said it made a loss of Dh11 million in the first quarter of 2019, despite increasing its revenues. During the first three months of 2019, the company achieved an operating revenue of Dh45 million, compared to Dh37.7 million during the same period of 2018, […]
Taipei: Taiwan’s export orders fell at a slower price than expected in April, but the government says May will bring a seventh straight month of contraction as slowing global tech demand continued to hurt the island’s trade-reliant economy. Orders in April dropped 3.7 per cent from a year earlier to $37.66 billion (Dh138.32 billion), Ministry […]
We had an amazing time connecting with our partners and clients during our recent Iftar at Dubai Opera. Here are some moments from the wonderful gathering. Thank you for joining us ! قضينا وقتاً مميزاً بالتواصل مع شركائنا وعملائنا خلال حفل الإفطار الأخير في دار دبي للأوبرا. إليكم بعضاً من أجواء الأمسية الجميلة
New Delhi: A set of deep-rooted economic challenges awaits India’s new government after election results are announced May 23. Arresting an economic slowdown and nursing the nation’s financial sector back to health will be the immediate priorities for the next administration if Prime Minister Narendra Modi’s coalition wins a second term — as exit polls […]
Perhaps nothing captures the growing anti-US sentiment in China better than a song about the trade war that is going viral in Beijing: “If the perpetrator wants to fight, we will beat him out of his wits.” This privately-produced song has more than 100,000 views on WeChat and is just one of many signs of […]
Bengaluru: Tata Motors Ltd’s fourth-quarter profit fell less than expected on Monday, with the Indian automaker saying tighter control of expenses and a turnaround at its Jaguar Land Rover (JLR) unit helped dull the impact of economic slowdown at home. Three months ago, Tata promised “decisive action” to cut costs at JLR and improve cash […]
London: Thomas Cook’s bonds fell to record lows on Monday following a report from Sky News that a payment intermediary is now working with the travel agent, seeking to extend the period for which it retains holidaymakers’ payments for trips. The company’s actively traded notes maturing in 2022 tumbled 14 cents to 33.36 cents, based […]