Dubai: UAE’s NMC Health on Monday began an independent review of its accounts, a week after U.S. short-selling firm Muddy Waters critiqued the hospital operator’s books that led to a huge share selloff. After the news, shares of UAE’s largest healthcare operator gained 30 per cent after falling for four straight days and losing nearly […]

New York: Ulta Beauty is on pace to close out the decade as the top performing stock in the S&P 500 Retailing Index, beating out Amazon.com. Since December 31, 2009, Ulta shares have climbed 1,271 per cent compared to Amazon’s advance of 1,236 per cent. The S&P 500 has grown 189 per cent for the […]

Shanghai: China’s benchmark stock gauge suffered its first drop of more than 1% in six weeks after a state-backed fund said it would reduce its stakes in some tech companies. The Shanghai Composite Index closed down 1.4% on Monday, its biggest decline since Nov. 11. The CSI 300 Index slumped 1.3%, its fourth consecutive retreat, […]

Dubai: Consumer confidence in Dubai inched lower in the third quarter of 2019, as residents cited factors such as insufficient work opportunities and no salary increases behind their outlook. The quarterly survey by Dubai’s Department of Economic Development (Dubai Economy) said that the consumer confidence index for the quarter was at 137, down from 139 […]

The system will enable the entities concerned to access the accident scene in the shortest possible time.

BUENOS AIRES: Argentina’s President Alberto Fernandez said Sunday the South American country is in virtual default and compared the situation with the 2001 crisis — the worst in its recent history. The country is in recession and has suffered 18 months of economic crisis sparked by a currency crash. Its economy is expected to shrink […]

Abu Dhabi: The Bank of New York Mellon on Sunday announced the opening of a representative office at Abu Dhabi Global Market (ADGM). The representative office will provide support for existing and prospective clients in the region, seeking access to the firm’s global capabilities. BNY Mellon has been in Abu Dhabi since 1998 and has […]

New York: From Silicon Valley to Saudi Arabia, it’s been a tough year for IPO bankers. Wall Street kicked off the year excited about money it would make bringing to market some of the world’s most iconic companies. A crop of startup unicorns from Uber Technologies Inc. to WeWork were preparing to sell shares. Then […]

The team swung into action and reached the site within three minutes.

From noon until midnight.