Supporting SMEs in the publishing sector to prosper

Sharjah Publishing City Free Zone (SPCFZ) is the world’s first publishing and printing free zone. It has played a key role in the advancement of the publishing industry in the UAE, with its premium writing, publishing, printing, and documenting services all available at a state-of-the-art facility. Along with a business-friendly environment, SPCFZ offers local and […]

Rupee declines most in Asia as Moody’s cuts India rating outlook

India’s rupee declined the most in Asia, while sovereign bonds and stocks saw modest losses after Moody’s Investors Services lowered the nation’s rating outlook to negative citing growth concerns. The reduction comes at a time when investors have been skeptical about the government meeting its budget targets amid a slowdown in tax revenues and September’s […]

IMF forecasts faster UAE growth driven by Expo 2020

Dubai: The International Monetary Fund (IMF) has revised its growth forecast for the UAE upwards following its Article IV Consultation with UAE authorities. The IMF team, following discussions with the UAE government concluded that the country’s gross domestic product (GDP) will growth up to 3 per cent next year from a relatively modest above 1 […]

Dubai-based millionaire Ramesh Bhogilal Vora: From Dh900 salary to heading a multi-million dollar business

How many accountants do you know who came to the UAE for a salary of Dh900, but ended up as a billionaire jewellery magnate? Meet veteran Indian expatriate Ramesh Bhogilal Vora, 68, a successful Dubai-based expat whose business Bafleh Jewellery enjoys an annual turnover of 15 to 18 tonnes of gold and jewellery sales. Early days […]

Tiffany rises on report it called for sweetened bid from LVMH

New York: Luxury jeweller Tiffany & Co. jumped, reversing earlier declines, after a report from Reuters saying it asked LVMH to improve its $14.5 billion offer. Tiffany says the offer is undervalued, Reuters said, citing unidentified people familiar with the matter. The company could open its books and provide confidential due diligence with a better […]