Obaid Humaid Al Tayer meets with Swiss president

Abu Dhabi: Obaid Humaid Al Tayer, Minister of State for Financial Affairs, on Sunday met Ueli Maurer, President of Switzerland and Minister of Finance, and his accompanying delegation at the St. Regis Abu Dhabi. The meeting took place alongside the Swiss delegation’s official visit to the UAE, which was headed by Maurer, and aimed at […]

Du profit falls 13.5% amid pressure on mobile revenues

Dubai: Emirates Integrated Telecommunications Company (du), the UAE-based telecom provider, reported on Wednesday a 13.5 per cent decline in its net profit for the third quarter of 2019 as revenues slid. The company’s profits reached Dh381 million, down from the Dh441 million recorded in the third quarter of 2018. This brought profits in the first […]

China slams US for ‘economic bullying’ of Huawei, ZTE

Beijing: China on Tuesday blasted as “economic bullying” a US proposal to block telecom carriers buying from Chinese tech companies Huawei and ZTE. The US Federal Communications Commission (FCC) said on Monday that the proposed rules — which also require carriers to remove any existing Huawei and ZTE equipment — were part of an initiative […]

Capital controls seen on the cards for Lebanon

Beirut: Calls are mounting for Lebanon to impose formal restrictions on the movement of money to defend the country’s dollar peg and prevent a run on the banks when they open their doors after nationwide protests. Banks have been closed since the start of the uprising two weeks ago and only plan to reopen once […]

Gulfood to kick off in Dubai, focusing on food safety

Dubai: The topics of food safety and food waste will be in focus this week when Gulfood Manufacturing 2019, the food and beverage manufacturing forum, kicks off. The sixth edition of the event will also showcase the latest processing technology, and address the need to transform the food manufacturing industry. It comes as the UAE […]