San Francisco. Walt Disney Co. Chief Executive Officer Bob Iger resigned from Apple Inc.’s board, a sign of increased competition between the entertainment and technology giants. Apple said in a Friday regulatory filing that Iger quit on Tuesday. He had served as a director since 2011 and was a friend of Steve Jobs. The Apple […]

Dubai: The UAE economy needs a new approach to diversification away from oil and faster growth in non-oil economy, according to the Institute of International Finance (IIF). “The UAE’s construction and services-driven growth model has delivered strong economic development, as indicated by average non-oil growth of 6.4 per cent from 2000-2015. While this rapid growth […]

Dubai: Only a complete redoing of construction contracts can remove some of the persistent issues troubling the industry in the UAE, according to a top banker. “These contracts are badly drawn up on the one side and takes a long time to understand if they come into dispute,” said Mohammad Khader Al Shouli, Managing Director […]

First list to be announced next year.

Abu Dhabi: Abu Dhabi Securities Exchange (ADX) announced that it has distributed more than Dh25 billion in cash dividends to 572,774 eligible investors on behalf of its listed companies. The amount represents a 6.95 per cent increase in comparison to the 2018 dividends. In all, 398,220 UAE investors received their profits compared to 155,589 investors […]

VP released government’s worst and best centres list on September 14.

The upcoming 39th GITEX Technology Week and 4th GITEX Future Stars will feature the region’s largest 5G tech More…

Dubai: Phone operator du hired Johan Dennelind as chief executive officer, replacing Osman Sultan. Dennelind was previously CEO of Stockholm-based Telia Co. after having worked with Telenor ASA and DiGi in Malaysia, according to a statement. Sultan, the founding CEO of du, stepped down after almost 14 years of leading the company, which is also […]

New Delhi: When India’s Finance Minister Nirmala Sitharaman claimed that a preference by millennials for ride-hailing apps was contributing to a painful slump in car sales, it sparked an online backlash from furious youngsters. They started a campaign using ironic hashtags such as #BoycottMillennials and #SayItLikeNirmalaTai last week to push back against older generations blaming […]