Enquiries to start up new businesses in the UAE up by 20%, says business set up firm

Abu Dhabi: A firm that helps new companies set up in the UAE has said that enquiries by entrepreneurs looking to open businesses in the country have shot up by 20 per cent in the first half of 2019, crediting government-led initiatives among the key factors behind the increase. “The introduction of new licensing and […]

Is this the most affordable Samsung 5G phone? What leaks of Galaxy A90 show ahead of launch

Seoul: South Korean tech giant Samsung is going to introduce yet another phone in the A-series — the Samsung Galaxy A90 — and this could become the companys most affordable 5G handset, the media has reported. An official-looking poster and image of its retail box have surfaced online. The retail box shows the device would come […]

US consumer spending increases 0.6% in July

WASHINGTON U.S. consumer spending increased solidly in July as households bought a range of goods and services, which could further allay financial market fears of a recession, but the strong pace of consumption is unlikely to be sustained amid tepid income gains. The report from the Commerce Department on Friday added to July trade and […]

Dubai Financial Market index rises more than 130 points

Dubai: Dubai Financial Market index rose to more than 130 points, the highest daily rise in more than two years on the back of news that Dubai’s biggest bank is seeking to raise foreign ownership limit. Emirates NBD was the top gainer as its shares rose to Dh13.5 — a 14.85% rise — and with traded […]