Dubai: DP World on Wednesday called a decision to be taken later this week by the government of Djibouti, which would ask the country’s high court to rule all previous international adjudications null and void, “a complete disregard for and contravention of the global legal system and existing contracts.” DP World called the move “proof […]
Abu Dhabi: The UAE Central Bank has announced it will lower interest rates applied to the issuance of its certificates of deposits in line with the decrease in interest rates on the US dollar, following the US Federal Reserve’s decision. The measure will take effect as of Thursday. The repo rate applicable to borrowing short-term […]
Dubai: Consumers in UAE will be treated to another round of bargain hunting this weekend, with at least 3,000 stores across Dubai set to slash their prices down by more than two-thirds. The DSS sale rolled out on June 21 is coming to an end on a high note on August 3. From August 1 […]
SHANGHAI: Talks between US and Chinese trade officials seeking ways to end a year long trade war lasted barely half a day before ending on Wednesday with a terse response from China’s Foreign Ministry to US President Donald Trump’s warning not to stall. As US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin landed […]
The reform grants women greater autonomy and mobility.
Crescent was spotted on Thursday evening.
New Delhi: Maruti Suzuki India Ltd reported the biggest decline in sales in almost seven years as a slowdown in consumer spending, the largest driver of growth in the $2.7 trillion economy, became more pervasive. Total sales dropped about 34 per cent from a year earlier to 109,264 units in July, according to a statement […]
Dubai: Dubai International Financial Centre (DIFC), together with Mashreq and norbloc announced their strategic alliance to launch the region’s first production-ready blockchain KYC data sharing consortium in Q1 2020 to support businesses and Corporates in Dubai. The alliance entered into a MoU in January 2019 and aims to create a first-to-market platform serving banking sector […]
LONDON: The Bank of England cut its growth forecasts on Thursday in the face of increased Brexit worries and a slowing global economy, but gave no indication it was considering lowering interest rates like other central banks. A day after the US Federal Reserve reduced rates for the first time since the global financial crisis, […]
Washington: US President Donald Trump said on Thursday he would impose an additional 10% tariff on $300 billion worth of Chinese imports starting September 1, as talks aimed at easing tensions between the world’s two largest economies continue. “Trade talks are continuing, and during the talks the US will start, on September 1st, putting a […]