Poor visibility to affect motorists.

Dubai: Lebanon’s central bank Governor Riad Salameh said “no one knows” which way the country’s exchange rate is heading, suggesting the Lebanese pound’s peg to the dollar is under threat. “When I spoke in the past, the dollar hadn’t reached 2,000 Lebanese pounds” in the black market, Salameh said, when asked about his previous comments […]

Dubai is the seventh most visited destination in the world and number one in MENA.

KHARTOUM: Sudan’s transitional government plans to remove fuel subsidies gradually in 2020 and double public sector salaries to ease the impact of galloping inflation, the finance minister said on Friday. The new civilian government is trying, with the help of donors, to launch a series of economic and political reforms after veteran ruler Omar al-Bashir […]

ToTok co-founder’s exclusive interview with KT.

Dubai: Dubai’s non-oil foreign trade volumes surged to 83 million tonnes in the first nine months of 2019, an increase of 22 per cent per cent year-on-year from 68 million tonnes in the corresponding period last year. The volume of re-exports skyrocketed 48 per cent to reach 13 million tonnes. Exports rose by 47 per […]

Bangkok: An affiliate of billionaire John Grayken’s Lone Star Funds agreed to buy BASF SE’s construction chemicals business for 3.17 billion euros ($3.5 billion). The deal, priced on a cash and debt-free basis, is expected to close in the third quarter of next year, subject to competition authority approval, Lone Star said in a joint […]

FRANKFURT: Pyrotechnic-mad Germany loves to see in the New Year with a bang but concerns about climate change have prompted several major retailers to take fireworks off the shelves this year, local media said on Friday. “The fireworks last for an hour, but we want to protect animals and have clean air 365 days a […]

Dubai: Dubai Duty Free’s sales crossed the Dhs7.3 Billion or US$2 Billion milestone on December 26, putting the airport retailer on track for another record year. Commenting on this achievement, Colm McLoughlin, Executive Vice Chairman & Chief Executive Officer of Dubai Duty Free said: “2019 has been a good year for Dubai Duty Free, we have […]

Dubai’s non-oil foreign trade rises 6% in value in first nine months of 2019.