Dubai telecom operator du sees continued challenges to mobile revenues

Dubai: The head of Emirates Integrated Telecommunications Company (du) said he expected current challenges facing the company to persist, specifically from mobile revenues. Osman Sultan, du’s chief executive officer, said on Wednesday that the entire telecom industry is challenged, with margins now squeezed, and the market in the UAE reaching maturity. He said, however, that […]

Fiat Chrysler and PSA confirm talks over potential tie-up

Milan/Paris: Italian-American Fiat Chrysler and Frances’s Peugeot owner PSA are in talks over a potential tie-up aimed at creating one of the world’s leading automakers. After ditching a proposed merger with French rival Renault in June, Fiat Chrysler (FCA) confirmed on Wednesday its bid to pursue an alternative alliance at a time when car makers […]