Donald Trump’s net worth rises to $3 billion

Washington: President Donald Trump’s net worth rose to $3 billion, a 5 per cent gain over the past year, thanks to a jump in the value of an office-building deal he once sued to prevent. The increase in Trump’s wealth reverses two years of declines and brings his net worth back to 2016 levels, according […]

Are Indian, Pakistani rupees and Philippine peso among weakest currencies now?

As first half of 2019 draws to a near, the outlook for remittances from the UAE looks marginally good with analysts predicting a rise in outflow of monies at four per cent. The US-China trade deal, on-going Brexit issue, fluctuating oil prices and UAE Central Bank’s fee hike of 25 basis points (bps) among other […]

Department of Energy delegation visits Australia

Dubai: A delegation from the Abu Dhabi Department of Energy (DoE) is visiting the Australian state of Victoria this week as part of efforts to expand cooperation between the emirate and other countries. During the visit, the delegation will meet with officials from the government of Victoria as well as senior executives from the state’s […]

Tesla is serious about a possible record quarter, not so serious about a submarine car

San Francisco: Tesla Inc has “a decent shot at a record quarter on every level”, Chief Executive Officer Elon Musk said at the company’s annual shareholder meeting on Tuesday, soothing concerns about weak demand for the electric car maker’s sedans. Tesla’s stock rose 3.6 per cent to $225 in extended trading, and Musk also said […]