There are different types of loans financial institutions provide and a reverse mortgage is one that is extremely popular and well-known globally. It is a loan provided for elderly citizens who own a house. Under a reverse mortgage, applicants get the loan amount as monthly instalments and lenders claim their loan by selling the property […]
South Korean tech giant reveals its latest big-screen device; are there any surprises?
BEIJING: China stabilised its currency on Tuesday, suggesting it might hold off from aggressively letting the yuan weaken as a way to respond to US President Donald Trump’s tariffs, in a trade war that is wounding the world economy. The yuan declined to 7.0562 to the dollar before strengthening back to 7.0297 in the afternoon. […]
Business owners at Curaçao’s Freezone are hoping for an improvement in trade with the launch of twice-weekly flights from Trinidad and Tobago to …
With several developmental plans underway, including future projects, SOHAR Port and Freezone continues to seek possibilities for growth and …
TOKYO: Japan’s SoftBank Group said on Wednesday its first-quarter net profit more than tripled thanks to exceptional gains related to the sale of shares in Chinese e-commerce giant Alibaba. The company announced net profit of 1.12 trillion yen ($10.5 billion, Dh38.5 billion) for the three months to June, up 257.6 per cent compared to the […]
Sharjah: Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, on Wednesday announced its financial results for the first half ended June 30, 2019, reporting a net profit increase of 483 per cent to Dh513 million. The company put the good results down to the recognition at fair value of certain […]
Dubai: The UAE’s non-oil private sector remained in growth territory at the start of the third quarter of the year, although there were signs of rates of expansion softening, according to the latest Purchasing Managers’ Index (PMI). The UAE PMI report published by IHS Markit showed the headline PMI for July was 55.1. The reading […]
India’s National Security Advisor Ajit Doval was in Srinagar earlier to review the security situation.
Dubai: Budget carrier Air Arabia reported on Wednesday a 75 per cent jump in its net profit for the second quarter of 2019 as revenues rose on the back of growth in passenger traffic. The airline said it recorded Dh210 million in profits for the quarter, bringing profits in the first half of 2019 to […]