WeWork opens first space in Abu Dhabi

Abu Dhabi: Hub71 on Monday officially launched WeWork x Hub 71, the first WeWork office space in Abu Dhabi, with the three-floor workspace located in the heart of the capital’s financial centre at Abu Dhabi Global Market. The workspace’s first members already moved into the premises from last month, with the companies including start-ups, venture […]

Workplace Savings plan likely to roll out across UAE

Dubai: The upcoming implementation of a Workplace Savings Plan at Dubai International Finance Centre has prompted speculation that the plan will later be rolled out across the UAE. Mercer, the consultancy that is serving as the investment adviser to DIFC on the plan has said there are “ambitions” to roll out the plan – which will replace the […]

BP boosts dividend despite profit fall as CEO Dudley bows out

LONDON: BP on Tuesday raised its dividend and announced the completion of a $1.5 billion share buyback programme in a sign of confidence in its growing oil and gas business on the last day in office for Chief Executive Bob Dudley. The shareholder boosts came as the London-based company reported a 26% drop in fourth-quarter […]

Sony raises forecast despite lagging video-game business

TOKYO: Fiscal third-quarter profit at Japanese electronics and entertainment company Sony Corp. dipped to about half of what it was the previous year as its video game, networking and film businesses stumbled. Tokyo-based Sony, which makes PlayStation video-game consoles, Bravia TVs and Spider-Man films, reported Tuesday an October-December profit of 229.5 billion yen ($2.1 billion), […]

Coronavirus disrupts China’s on-demand apps

Beijing is always bustling. But as coronavirus fear grips the globe, the Chinese capital and its more than 20 million residents have practically come to a standstill. Theaters have gone dark, stores are shuttered, and schools are closed indefinitely. The government has called off festivities for China’s most-celebrated holiday, the Lunar New Year. Families, including […]