What SMEs require in India

Indian entrepreneurs based in India and the UAE share their take on the catalysts required to promote seamless growth in their respective sectors Stable exchange rate Rajiv Raipancholia, CEO and MD, Orient Exchange Co Nature of business: Foreign exchange and money transfers India has retained its spot as the world’s top remittance recipient with its […]

Apple, Keurig Dr Pepper, Dollar Tree press US to drop China tariff plan

NEW YORK: Apple Inc, Keurig Dr Pepper Inc and Dollar Tree Inc have joined other companies in their opposition to a Trump administration plan for more US tariffs on Chinese goods, including iPhones, Macbooks, and single-serve coffee brewers. The United States and China are resuming talks to end a trade war after more than a […]

Fed leaves key rate unchanged but hints of future cuts

Washington: The Federal Reserve left its key interest rate unchanged on Wednesday but signalled that it’s prepared to start cutting rates if needed to protect the US economy from trade conflicts and other threats. The Fed kept its benchmark rate — which influences many consumer and business loans — in a range of 2.25 to […]

Sharjah’s start-up platform scores hits

Dubai A 72 per cent success rate? In the world of start-ups and putting funds into them, that’s quite an impressive number. The Sharjah Entrepreneurship Centre — or “Sheraa” as it is more popularly known — certainly thinks so. “A Harvard Business School study has shown that only about 25 per cent of start-ups achieve […]

US existing home sales rise, boosted by lower rates

WASHINGTON: US home sales rose in May, boosted by lower interest rates for mortgages, giving a positive signal for the health of the US economy. The National Association of Realtors said on Friday existing home sales increased 2.5 per cent to a seasonally adjusted annual rate of 5.34 million units last month. April’s sales pace was […]

Massive data breach at Canada credit union giant Desjardins

Montreal: Canada’s Desjardins credit union announced Thursday that the personal banking information of 2.9 million customers had been stolen by an employee and distributed to outside parties. The nation’s largest credit union and fifth-largest in the world, with 304 billion Canadian dollars (Dh846 billion) in assets under its management, had noted unauthorized access to its […]

UAE gold prices inch closer to Dh160 a gram

Dubai: Gold prices in the UAE are 25 fils away from touching Dh160 a gram after international bullion prices continued their steep climb for a second consecutive day. The actual cost to the shopper today (Friday) would be Dh167.75 a gram, which includes Dh8 VAT (value added tax). Thursday’s gold price was set at Dh156.75, […]