ANKARA. Turkey’s government is reviving plans to transfer the central bank’s 46 billion lira ($8 billion) in legal reserves to its deteriorating budget to help shore it up, and is also considering adjusting some tax measures as it battles recession. A Treasury official and three other sources familiar with the plans confirmed that the funds […]
Once selected, the winning startups will receive support from Dtec, the Middle East’s largest startup campus, and a platform to expand …
The government of Abu Dhabi has launched a new licensing scheme that grants approval almost immediately, without the need for a …
BEIRUT. Slowing capital inflows to Lebanon and weaker deposit growth increase the risk of a government response that will include a debt rescheduling or another liability management exercise that may constitute a default, Moody’s Investors Service said. This was despite fiscal consolidation measures included in the draft 2019 budget that is being debated in parliament, […]
WASHINGTON US economic growth accelerated in the first quarter, the government confirmed on Thursday, but the export and inventory boost to activity masked weakness in domestic demand, some of which appears to have prevailed in the current quarter. Gross domestic product increased at a 3.1 per cent annualised rate, also driven by spending on highways […]
Dubai: The Investment Corporation of Dubai (ICD) has announced its consolidated financial results for the year ended December 31, 2018, achieving record revenues of Dh232.4 billion and a net profit of Dh21.4 billion. Revenues increased 15.7 per cent from the prior year with increases achieved in all key segments and net profit was Dh21.4 billion, […]
The United Arab Emirates will launch the ‘Falcon Eye 1’ satellite into orbit on Saturday, 6th July, at the French More…
San Francisco. A US jury on Wednesday cleared California semiconductor designer CNEX Labs Inc of stealing trade secrets from Chinese electronics giant Huawei Technologies Co Ltd while awarding CNEX no damages on its own trade theft counter claims. Huawei had sued CNEX in US District Court in Sherman, Texas, for misappropriation of trade secrets involving […]
Massive German chemical company BASF said Thursday it would slash 6,000 jobs worldwide by 2021, as the company slims More…
A monkey eats iced cherries to cool off at the Rome zoo (Bioparco di Roma) as temperatures reach 36 degrees Celsius on More…