LONDON: Oil fell 3 per cent to below $58 a barrel on Thursday, extending the previous session’s 3 per cent drop, pressured by mounting recession concerns and a surprise boost in US crude inventories. In a sign of investor concern that the world’s biggest economy could be heading for recession, weighing on oil demand, the […]
LONDON: British retail sales edged up unexpectedly in July, helped by the strongest growth in online spending in three years, suggesting consumers continued to support the economy ahead of the Oct. 31 Brexit deadline. Monthly retail sales volumes rose 0.2 per cent, the Office for National Statistics said on Thursday, compared with a median forecast […]
Dubai: It does not matter how many assets you own and how big of a cash king you are. You should always be prepared. If you do not have a proper will drawn up in the UAE, then your assets will be divided according to the Sharia law. 1. Disclose all of your assets When […]
New York: The ugly stock market drop Wednesday began after bad news from two of the world’s largest economies. China reported the worst manufacturing output in 17 years, and Germany said that its economy actually shrank in the spring. These are not isolated problems. In addition to China’s slowdown, nine major economies are in recession […]
The court was hearing a petition by a newspaper editor seeking restoration of telephone services snapped this month.
US said Grace 1 was assisting IRGC by transporting oil from Iran to Syria when it was detained.
WASHINGTON: US retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, which could help to assuage financial markets’ fears that the economy was heading into recession. The upbeat report from the Commerce Department on Thursday, however, will likely not change expectations that the […]
Dubai: The Business Registration & Licensing (BRL) sector in the Department of Economic Development (DED), Dubai, has added 53 new business activities across a number of sectors during the first half of 2019. This followed a detailed tracking of local market needs, supply and demand in these vital sectors. The move, which is part of […]
New Delhi: Saudi Aramco’s proposed purchase of part of India’s Reliance Industries Ltd will allow it to regain its grip on the world’s fastest-growing oil market where suppliers including the US and Russia are making inroads. Aramco’s plan to buy 20 per cent of the oil-to-chemicals business of Reliance — which includes the world’s biggest […]
‘The feeling of being there is something that I can’t describe in words.’