Pound drops from three-month high as doubts arise on Brexit deal

The pound slid from near a three-month high after European negotiators warned U.K. Prime Minister Boris Johnson’s plans were not yet good enough to form the basis of a divorce deal. Sterling dropped as much as 0.6% against the dollar after surging 3.8% during the previous two days amid optimism the two sides would reach […]

Dubai Customs launches the World Logistics Passport

Dubai: Dubai Customs on Sunday launched the World Logistics Passport as part of the implementation of the first phase of its Dubai Silk Road strategy. The World Logistics Passport offers a set of unique operational and financial advantages for businesses and shipping companies by connecting government entities, including Dubai Customs and Dubai Trade, with logistics […]

Sizzling onion prices unlikely to alter India’s easy rate cycle

A more than 200 per cent surge in onion prices is expected to push India’s headline inflation rate to its highest level in more than a year, but is unlikely to keep Asia’s most aggressive rate cutter from further easing monetary policy. The price-spike is likely to add at least 30 basis points to September’s headline […]

INMATEC GasTechnology – Ras Al Khaimah Economic Zone (RAKEZ)

INMATEC GasTechnology is the market leader in the production of oxygen and nitrogen generators for independent gas supplies for various industrial and medical applications. Since 2013 the company has held its regional office in RAKEZ. For INMATEC, Ras Al Khaimah’s strategic location was the main attraction, along with ease of logistics for the regional markets […]

J&J faces 100,000 more damage claims after taking $8 billion hit

Johnson & Johnson has taken some costly beatings in court this year. And it could get worse. Just last week, a jury ordered J&J to pay $8 billion for wrongfully pushing doctors to prescribe the anti-psychotic drug Risperdal. While the amount the company pays for the verdict will probably be significantly less, it came on […]