COVID-19 impact: Cargo demand from Middle East down 14% in March

Abu Dhabi: Middle Eastern carriers reported a cargo decline of 14.1 per cent in the month of March in newly released data by IATA, with cargo capacity flown also down by 20 per cent. Globally, cargo demand and capacity was down 15.2 per cent and 22.7 per cent respectively, with the cargo industry continuing to […]

Now Google takes on Zoom, makes Meet app free for everyone

New Delhi: Inspired by the growing use of its video conferencing app Meet – 30 lakh new users joining the platform daily – Google on Wednesday announced to make its premium video meeting app free for everyone in social distancing times. The free availability of the Meet app will roll out globally including in India […]

Ajman Free Zone reports surge in e-commerce license

Ajman Free Zone has witnessed a surge in their e-commerce package where business owners can establish a digital platform to introduce their products online. The package is particularly suited to businesses in the F&B; fashion and jewellery; automotive; media and entertainment including events ticketing; industrial equipment; and home, office and personal utilities trade. There has […]

US economy shrinks at 4.8 per cent pace, signaling start of recession

Washington: The record-long US economic expansion is over after almost 11 years, with what’s likely to be the deepest recession in at least eight decades now under way. The world’s largest economy shrank at a 4.8% annualized pace in the first quarter, the biggest slide since 2008 and the first contraction since 2014, as the […]