Mumbai (AFP): India’s second richest man, Azim Premji, has announced his retirement as chairman of Wipro, the company that he transformed from a small cooking fat firm into a global IT powerhouse. “I wish to thank generations of Wiproites and their families for their contribution towards building our company to what it is today,” the […]

Asia’s football chief Sheikh Salman bin Ebrahim al-Khalifa hails decision as important moment for region

Revamp of Great Scotland Yard Hotel completed, says company exec at Abu-Dhabi-based Twenty 14 Holding

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, today hosted a More…

H.H. Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court, is participating in the St More…

The wedding ceremony took place today at Dubai World Trade Centre.

Mumbai (Bloomberg): India’s central bank cut its benchmark interest rate for a third straight time and paved the way for more policy easing to support an economy growing at the slowest pace since 2014. The repurchase rate was reduced by 25 basis points to 5.75 per cent – the lowest in nine years. The six-member […]

Beijing: China fined Ford Motor Co’s main joint venture in the country for antitrust violations, marking the latest action toward a US company as tensions between the two nations escalate. Changan Ford Automobile Co will be fined 162.8 million yuan ($23.6 million, Dh86.5 million) for restricting retailers’ sale prices in the southwestern city of Chongqing […]

Milan, Paris (Bloomberg): Fiat Chrysler Automobiles NV abruptly withdrew its offer to combine with Renault SA after the French carmaker’s board – on the brink of approving the deal – postponed a decision for a second time. Fiat’s move, upending a deal that would create the world’s third-largest automaker, came after Renault directors ended an […]