Saudi Arabia to start next phase of flour mill privatisation

Dubai: Saudi Arabia’s state grain buyer, Sago, has said it will start the next phase of the sale of its flour mills on Wednesday, which will see pre-qualified bidders perform due diligence and present financial offers. The sale is one of the first privatisations the kingdom is planning as part of a wide-reaching overhaul of […]

US Federal Reserve cuts rates by quarter point and signals potential for more

Washington: The Federal Reserve reduced interest rates for the first time since the financial crisis and hinted it may cut again this year to insulate the record-long U.S. economic expansion from slowing global growth. Central bankers voted, with two officials dissenting, to lower the target range for the benchmark rate by a quarter-percentage point to […]

List of business service fees cancelled by UAE Ministry of Economy amended

Abu Dhabi: The Ministry of Economy has updated its list of waived and/or reduced the fees to include 115 different ones, WAM reported on Tuesday. The original list was announced as part of a move to further boost the country’s appeal for doing business. The list includes cancelled service fees for intellectual property, commercial agencies, […]

Ministry of Finance, Etisalat sign deal on e-Dirham

Dubai: The UAE’s Ministry of Finance announced it signed an agreement with Etisalat to provide e-Dirham services on the telecom provider’s official portal. The deal is part of the Ministry’s policy to cooperate with government and private entities to develop digital payment solutions to customers in the UAE. Under the deal, Etisalat’s corporate customers will […]

India: Man cancels order over ‘Non-Hindu Rider’, Zomato’s response wins the internet

Zomato India just won the internet after they shut down a customer for bigotry. The food delivery app company refused on Wednesday to resolve a customer’s complaint about being assigned a Muslim delivery executive for his food order. What happened On Tuesday Amit Shukla, a resident of Jabalpur in Madhya Pradesh posted the controversial tweet: […]

Twitter launches #Tweetups to strengthen global conversations

San Francisco: To highlight the strength of conversations, micro-blogging app Twitter on Tuesday launched a #TweetUp in partnership with Shared Studios — an organisation that connects people through videos. #Tweetups are aimed at taking online conversation offline. It allows people to come together and have discussions on matters of shared interests with other people stationed […]