Ive: The designer who helped Apple become first trillion-dollar company

Jony Ive has shocked Silicon Valley by walking away from the iPhone maker after 25 years. It was, for many, a shock. Sir Jony Ive, the Chingford-born mastermind behind the iPhone, iPod and iMac, announced this week that he’s leaving Apple after more than a quarter of a century. His departure has been hailed as […]

IMF deal to keep party going for world’s carry-trade darling in Egypt

Dubai: Egypt is the world’s best carry trade. It may stay that way for a while longer if the government gets its wish and strikes another deal with the International Monetary Fund. The Arab nation’s local-currency bonds have handed investors a 22 per cent return this year, five times the emerging-market average. And the Egyptian […]

Trump sets tone for a stormy G20 summit

OSAKA: US President Donald Trump set the tone Thursday for what promises to be a stormy G20 summit by lashing out at friends and foes alike over trade tariffs and foreign policy. The long-running US-China trade war looked set to dominate the two-day meeting of world leaders in Osaka from Friday but clashes also loomed […]

Former Abraaj executive pleads guilty in US court

New York: A former executive of collapsed Dubai private equity firm Abraaj Capital Ltd on Friday pleaded guilty to US fraud and conspiracy charges, admitting that he lied to investors about the firm’s financial health and track record. Former Abraaj Managing Partner Mustafa Abdul Wadood, 49, entered his plea before Magistrate Judge Gabriel Gorenstein in […]

FTA approves 390 VAT refunds totalling Dh17.5 million

Abu Dhabi: The Federal Tax Authority, FTA, has announced approving 390 VAT refund applications totalling Dh17.5 million, for Emiratis who paid it when building their homes. Khalid Ali Al Bustani, Director General of FTA, stressed that the FTA’s move comes in implementation of the wise leadership vision, aiming to develop a modern housing system for […]