DP World reports 1.1% gross like-for-like volume growth in Q3 2019

Dubai: DP World has handled 17.7 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during Q3 2019, with gross container volumes growing by 1.1 per cent year-on-year on a like-for-like basis. On a nine-month basis, like-for-like gross container volumes grew by 0.7 per cent year-on-a year to 53.5 million TEU, said […]

ADGM unveils digital sandbox bringing banks and fintech companies together

Abu Dhabi: In an effort to ease the way fintech start-ups communicate with banks on their services and products, Abu Dhabi Global Market (ADGM) on Tuesday unveiled its digital sandbox, which will connect all three parties digitally and in real time. “Today, we are opening the ADGM digital sandbox, a cloud based environment for fintechs, […]

Saudi Arabia wants to lower unemployment, looks to tourism to help

Riyadh: Perched behind the counter of a mid-range hotel in Riyadh, Bashayer admits she was reluctant to take a job as a receptionist. But the position was “better than sitting at home,” the 23-year-old Saudi said, asking to withhold her last name so she could speak freely. “Before, some jobs were considered low-level, so Saudis […]

Rents dropping in Sharjah: Residents react to the dip

Sharjah: Rents have dropped quite a bit in Sharjah this past year and are expected to fall further. Gulf News spoke to tenants living in Sharjah to understand how their rents have changed in the last one year and what they expect the payout to be going forward. All the tenants we spoke to unanimously said […]