Amanat Holdings reports Dh35.1m H1 2019 net profit

Dubai: Amanat Holdings PJSC (Amanat) on Wednesday reported a net profit of Dh35.1 million in H1 2019 representing a 26 per cent increase compared with the same period in 2018, and a total income of Dh63.8 million, up 28 per cent compared with the same period in 2018. Excluding the Royal Hospital for Women & […]

Dubai to host Breakbulk Middle East in February 2020

DUBAI: Breakbulk Middle East, BBME, a breakbulk and project cargo event in the GCC, will be held on February 25 and 26, 2020, at the Dubai World Trade Centre. This will be the second consecutive year Dubai will be hosting the comprehensive two-day conference and exhibition, according to a press release issued by the organisers […]

Trump says China talks ‘productive’

MORRISTOWN US President Donald Trump said on Thursday that US and Chinese negotiators were holding “productive” trade talks and expected them to meet in September despite US tariffs on over $125 billion worth of Chinese imports taking effect from September 1. “September, the meeting is still on as I understand it, but I think more […]

Boeing delays delivery of ultra-long-range version of 777X

SAN FRANCISCO, SINGAPORE: Boeing Co has pushed back the entry into service of an ultra-long-range version of its forthcoming 777X wide-body, the US plane maker said on Wednesday, as it grapples with fallout from the 737 MAX crisis and engine issues with the 777X. The fresh delay comes as the grounding of Boeing’s money-spinning 737 […]

ANZ slashes forecast for India’s GDP growth

NEW DELH The Australia and New Zealand Banking Group (ANZ) slashed its forecast for India’s economic growth to 6.2 per cent in the financial year ending next March from a previous estimate of 6.5 per cent, warning it would be tough for authorities to engineer a turnaround. The bank’s estimate of gross domestic product (GDP) […]