Who will benefit: Cuts in municipality, electricity costs form part of Dubai’s Dh1.5b stimulus package

Dubai: With the reduction in municipality fees and those in electricity costs, businesses in Dubai will feel the immediate benefits on their cost of operations. Those benefits can then be passed on to clients — and that could be the biggest boost to stimulate the Dubai economy over the next three months. For instance, hotel establishments […]

SoftBank to buy back up to $4.8 billion of its shares after pressure from Elliott

TOKYO: SoftBank Group Corp said on Friday it will buy back up to 7 per cent of its own shares for as much as 500 billion yen ($4.8 billion) — a decision that comes after activist investor Elliott Management pressed for $20 billion in stock buy-backs. A SoftBank spokeswoman said the company had decided to […]