UAE-India investments have clear road map

Abu Dhabi: The economic and investment partnership between India and the UAE is at an unprecedented level with a clear synergy about the road ahead, according to India’s sovereign wealth fund chief. “India has very strong demographics and scalable growth potential that will lead to lots of investment opportunities, and allow us to feed into […]

Mercedes delays electric debut after Jaguar and Audi SUVs flop

New York: Mercedes-Benz is putting off the US debut of its first electric vehicle by a year in the latest sign of just how difficult a time automakers are having replicating Tesla Inc’s success. Daimler AG’s luxury brand will start sales of the EQC crossover in 2021 rather than early next year. The German carmaker […]

DMCC, DGCX host networking event for Chinese business community in Dubai

DUBAI: DMCC, the Government of Dubai Authority on commodities trade and enterprise, in partnership with the Dubai Gold and Commodities Exchange, DGCX, has hosted a networking event for Chinese businesses in Dubai to explore opportunities for further strategic partnership and growth. According to a press release issued by DMCC on Saturday, the event gathered over […]

US, China reach agreement on phase one of trade deal

WASHINGTON, Beijing: The United States agreed to modify its tariffs on Chinese goods in a “significant way” under a phase one trade agreement with Beijing, while China would buy substantially more US goods and services, the US Trade Representative’s office said yesterday. Under the agreement, Washington will maintain 25 per cent tariffs on about $250 […]

Khalifa Fund to conduct foresight study aimed at exploring long term prospects of entrepreneurship

ABU DHABI: The Khalifa Fund for Enterprise Development, KFED, has announced plans to conduct a foresight study aimed at providing a long term look at the prospective challenges and opportunities of entrepreneurship in the UAE. The Fund has designated a team of experts to facilitate the research and identify the key factors to be focused […]

YouTube’s music app outpaces Spotify and local rivals in India

Los Angeles: YouTube has signed up more than 800,000 subscribers for its paid services in India since debuting in March, according to people familiar with the matter, vaulting it past competitors in one of the world’s fastest-growing media markets. The services are growing faster than rival paid music offerings in India, including Spotify and local […]

Ethiopia to get $3 bln funding from World Bank — prime minister

NAIROBI: Prime Minister Abiy Ahmed said on Friday Ethiopia will receive $3 billion from the World Bank to help strengthen reforms in its traditionally state-controlled economy. The announcement was made two days after the International Monetary Fund said it had reached a preliminary agreement for a three-year, $2.9 billion financing package to support Ethiopia’s economic […]