New Delhi: The year 2019 saw a complete turnaround in Apple’s market share and presence in India, fuelled by attractive price drops on previous generation iPhone models (iPhone XR), affordable newer flagship premium models (iPhone 11) and attractive schemes on other products. Not only older and new-generation models but also Apple Watches, AirPods Pro and […]
Dubai: Tourists are the only ones picking up jewellery in Dubai right now. A combination of escalating gold prices and higher VAT charges are put off buying by UAE resident shoppers. On Friday (January 3), when the Dubai gold price for 22K was Dh176.5 a gram, the VAT component came to Dh8.825 a gram — the […]
KUWAIT CITY: State-owned Kuwait Petroleum Corp on Sunday signed a long-term contract with Qatar Petroleum to purchase three million tonnes of liquefied natural gas per year, a statement said. Kuwait, which is rich in oil but falls short in gas production, is currently importing 2.5 million tonnes of LNG per year from BP, Shell and […]
Some 5,200 US soldiers are stationed across Iraqi bases.
The Union Metro Station is one of Dubai Metro’s busiest interchange stations.
Shanghai: Elon Musk’s decision to assemble Tesla Inc. cars in China required years of planning and billions of dollars in spending. Now comes the challenging part. The electric Model 3 sedans rolling off the assembly line at Tesla’s Shanghai plant — its first outside the US — face a market where total vehicle sales are […]
New Delhi: Unlisted companies might soon be required to submit their financial statements to the government on a quarterly or half-yearly basis, according to an official. There are more than 11 lakh unlisted companies that are active in the country and the proposal also assumes significance against the backdrop of instances of financial woes at […]
WASHINGTON: German automaker Daimler AG said on Saturday it will recall 744,000 Mercedes-Benz vehicles in the United States from the 2001 through 2011 model years because the sunroof glass panel could detach and pose a hazard. The large recall covers more two dozen vehicles from C-Class, CLK-Class, CLS-Class and E-Class model lines. The automaker said […]
Dubai: Saudi Arabia’s non-oil private sector economic activity continued to expand in December with overall business activity new orders and employment all growing further, but at a slower pace, according to the Purchasing Managers’ Index (PMI) data compiled by IHS Markit. While the headline PMI slipped to 56.9 in December from 58.3 in November, December […]
He had some financial and social problems.