India’s Ambani prepares Facebook-backed unit for overseas IPO

Mumbai: Reliance Industries Ltd. is working with banks on early preparations for an overseas listing of its digital and wireless business, people with knowledge of the matter said, after the unit attracted more than $10 billion of investment in a month. The conglomerate backed by Mukesh Ambani, Asia’s richest man, is preparing Jio Platforms Ltd. […]

Global spending on oil to drop by $1 trillion in 2020 says IEA

Abu Dhabi: Investments in the energy sector will see their biggest fall this year due to the COVID-19 outbreak, which has hit both demand and prices, with consumer spending on oil set to drop by $1 trillion in 2020 according to the International Energy Agency (IEA). “The speed and scale of the fall in energy […]

UAE’s businesses will learn all about continuity from tomorrow

Dubai: Sometimes a relaunch can be more difficult – but Dubai and the UAE economy will be better off trying to get businesses back on their feet now rather than wait a while longer. For one, it will offer businesses and the sectors they are in more time to make adjustments to cope with a […]