London: British annual inflation has dipped to the Bank of England’s 2.0 target rate, official data showed Wednesday, further cementing expectations that the BoE will maintain low UK interest rates. “The Consumer Prices Index (CPI) 12-month rate was 2.0 per cent in May 2019, down from 2.1 per cent in April 2019,” the Office for […]
Dubai: Microsoft on Wednesday will launch two regional cloud services from its new data centers in Dubai and Abu Dhabi, according to Sayed Hashish, general manager for Microsoft Gulf. The data centers were announced last year. Microsoft joins a growing number of big tech companies moving data centers into the region. Amazon Web Services has […]
India’s economic growth is evaluated with frequency, fervency, and feverish pitch. Many of these evaluations differ in opinion and outlook. Earlier this month, the Reserve Bank of India’s Monetary Policy Committee cut its Gross Domestic Product (GDP) growth forecast for fiscal year 2020 to 7 per cent, from an earlier projection of 7.2 per cent. […]
Suresh Kumar, Chairman, Indian Business and Professional Council India is one of the most populous nations with 1.3 billion people and young demographics; in contrast with China – another most populous nation but with an aging population. Apart from the numbers, India’s economy on a purchasing power parity is fast emerging as the third-largest economy in […]
Violators will also have their vehicles seized for one week.
Dubai: UAE gold shoppers received a jolt when jewellery shops opened for business today (Thursday), with the Dubai gold rate for 22-carat set at Dh156.75 a gram. Wednesday’s closing price was Dh152.75 a gram. Thursday’s rate is also the highest the Dubai gold rate has touched in five years. Further rises will dampen gold and jewellery […]
Dubai: Developer Damac is in pole position to buy troubled Italian fashion group Roberto Cavalli, a source close to the matter said on Wednesday. Two other binding offers for the whole group have been submitted by Italy’s Diesel-owner OTB and U.S. brand management company Bluestar Alliance, the source said. Last Friday Cavalli said it had […]
They have also been accused of running their flat as a den for prostitution.
Crown Prince of Dubai H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, received mourners, for the second day in More…
United Nations: Russia and China on Tuesday blocked an American initiative that aimed to halt fuel deliveries to North Korea, which Washington accuses of exceeding its annual ceiling for 2019, diplomatic sources said. Moscow and Beijing said more time was needed to study the US request, which was backed by 25 UN members, including Japan, […]