London: World stocks hovered near a 15-month high on Tuesday underpinned by cautious optimism over a Sino-US trade deal and expectations of another dose of policy stimulus from the Federal Reserve, with safe havens such as gold and yen on the back foot. A mixed bag of earnings offset some of the chipper mood on […]

Dubai: The UAE’s largest ever zero-deficit federal budget of Dh61 billion has been approved for the fiscal year 2020, with the lion’s share allocated for sectors concerned with serving Emiratis, including social development. The UAE Cabinet on Tuesday approved the country’s 2020 budget, with 32.6 per cent of which endorsed for government affairs, 31 per […]

Islamabad: Markets and many businesses closed across Pakistan on Tuesday for a strike to protest against government measures aimed at meeting IMF demands to boost tax revenues to bolster depleted public finances. The International Monetary Fund approved a $6 billion loan package for Pakistan in July but warned that it would require ambitious fiscal measures […]

San Francisco: Google parent Alphabet on Monday reported a sharp drop in profits over the past quarter as it ramped up spending for the launch of a wide array of new gadgets and services. Profit dipped 23 per cent from a year ago to $7.1 billion (Dh26 billion) as revenue grew 20 per cent to […]

Since their inception in the 19th century, safe deposit box services were provided by private vault companies and by retail banks through their branch network to local communities. The advent of online banking, ATMs and technologies resulted in a dramatic reduction in bank branches as banks sought to pursue a strategic agenda to reduce costs […]

Salam’s Dh230,000 hospital bills were waived off, and he is expected to fly back home to Kochi.

Companies can’t expect employees to be productive if they do not communicate with them, says Dawn Metcalfe

Until October this year, the police had issued 121 fines to motorists.