New Delhi: India can take more steps to be competitive in the global market, such as enforcing contracts, World Bank President David Malpass said. “There can be more progress in land permits and in enforcement of contracts,” Malpass said at a press conference in New Delhi on Saturday. “Other countries in Asia have done pretty […]
Hong Kong: HSBC Holdings Plc is embarking on its biggest overhaul in years after profit missed estimates, warning that it will take significant write-downs in the coming year as it pares back under-performing areas. The bank, which makes almost 90 per cent of its profits in Asia, said fresh write-offs are likely to cover its […]
Abu Dhabi: The Federal Tax Authority (FTA) has completed its preparations to implement phase two of the “Marking Tobacco and Tobacco Products Scheme” to include Water Pipe Tobacco (known in Arabic as “Mu’assel”), as well as electrically-heated cigarette plugs, starting from November 1, 2019. In a press statement issued on Sunday, the Authority asserted that […]
LVMH, the French owner of Louis Vuitton and Givenchy, said it has held preliminary discussions with jeweller Tiffany & Co. on a possible takeover. There’s no assurance that the discussions will result in any agreement, the French luxury giant said. Bloomberg reported earlier that LVMH has offered about $14.5 billion (Dh53.21 billion), or $120 a […]
London: Gold inched up on Monday, after a near 1 per cent jump in the previous session, as investors awaited a US Federal Reserve rate decision later in the week, while progress in US-China trade talks curbed appetite for safe haven assets. Spot gold rose 0.2 per cent to $1,506.95 per ounce as of 0700 […]
Beirut: Lebanon’s plan to avert a financial crisis is a step in the right direction but more measures are needed to restore growth and confidence, a senior IMF official said, as mass anti-government protests roil the Arab country. Prime Minister Sa’ad Hariri presented proposals to almost wipe out Lebanon’s budget deficit next year and reduce […]
Dubai, UAE: Dubai Airport Freezone Authority (DAFZA), has announced a new strategic partnership with Faraj Fund. The Memorandum of …
Sohar Port and Freezone, in collaboration with RFX Industrial Parks, recently held a ground breaking ceremony to launch the Phase 1 onsite …
(MENAFN) An agreement was signed between Sohar Port and Freezone and Gulf Alloys and Metals to create a low carbon ferrochrome alloy …
Airbus Cabin Electronics inaugurated its first service centre for the Africa and the Middle East regions at Dubai Airport Freezone last month. The facility …