Dh10,000 deposit for a Tesla Model 3 in the UAE

DUBAI: Tesla electric vehicles are fun, fast and sexy. It’s the Apple of EVs. Now, the more “affordable” Model 3 is already available in the UAE in three trims — Standard Range Plus (Dh159,900, $43,216), Long Range (Dh189,900, $51,324) and Performance (Dh215,000) — but only on pre-order basis. To book your unit, give a Dh10,000 deposit, or […]

China will keep door open to foreign investment, global industry despite trade tensions

Beijing: China will take steps to safeguard its interests, but won’t close its door to foreign investment and the global industry despite trade frictions with the United States, a Chinese official said on Tuesday. Earlier this month, before key Sino-US trade talks, Washington decided to widen its so-called “entities list” to include some top Chinese […]

Prakash L Lulla: The multi-millionaire Dubai hotelier keeping his father’s legacy intact

Dubai: Prakash L. Lulla, 54, inherited a huge mantle when his father, Lakho R Lulla, died in 2009. The late senior Lulla was instrumental in helping shape Dubai. He spoke Arabic fluently, just like a local tribesman. He was a popular Indian businessman and a pioneer who brought quality hospitality to the UAE. Laxmikumar Narottam Goculdas: One […]

Dubai to allow unified licensing for free zones

Dubai: Businesses can operate out of multiple free zones in Dubai through a single license under the “one free zone passport” scheme. What this does is bring out significant cost savings in licensing fees for those businesses wanting to have a base in more than one free zone in the emirate. Meanwhile, there is also […]