Munich: BMW AG showed signs of recovery under its new chief executive officer, beating analyst estimates in the third quarter on aggressive cost-cutting and demand for upscale models like the big X7 SUV. After stumbling in recent quarters with low profitability and a series of operational and regulatory issues, BMW reported a 33 per cent […]
Mohamed Al Kuwaiti revealed discussions have taken place with Facebook-owned WhatsApp
Dubai: Emirates Central Cooling Systems Corporation (Empower) announced the beginning of construction of its new headquarters at a cost of Dh280 million. The cooling services provider said the new headquarters will be in Al Jaddaf, and the building is expected to be inaugurated in the first quarter of 2021. The headquarters includes two buildings; an […]
RTA has shared details of alternative routes.
Dubai: Obaid Humaid Al Tayer, Minister of State for Financial Affairs, met Dr. Sri Mulyani Indrawati, Minister of Finance of the Republic of Indonesia and her accompanying delegation on Wednesday at the Ministry of Finance in Dubai. The meeting was part of the ministry’s efforts to bolster bilateral ties between the countries in the fields […]
In conversation with Miraziz Makhamatzhanov, CEO of Corplex What are the differences between mainland and free zone companies? Mainland companies, also known as onshore companies, are registered and licensed by the Department of Economic Development in each emirate. If you are an expat, you need to have a local service agent or a local partner, […]
DUBAI: The fifth edition of the UAE-India Economic Forum recently took place at Waldorf Astoria, Dubai International Financial Centre, with the participation of high dignitaries and officials, leading experts and leaders from the two nations. India’s partnership with the UAE is set to play a key role in its march towards the ambitious goal of […]
New York: Under Armour Inc shares plunged after the company disclosed that federal officials have been probing its accounting practices for more than two years, bringing a fresh headache to investors just as the sports brand prepares for a CEO transition. The athleticwear company also lowered its full-year revenue forecast on Monday, but it raised […]
India won’t back down from collecting $13 billion of past dues from debt-laden telecom carriers because the industry is not under stress, a government official with knowledge of the matter said, a move that could deepen Bharti Airtel Ltd. and Vodafone Idea Ltd.’s financial woes. India expects the carriers to pay up within 90 days […]
This will be Sheikh Khalifa’s fourth term as president.