Swiss watch exports to the Middle East drop 56.3 per cent

Swiss watch exports to the UAE, among the top 10 markets for the watch industry, dropped 34.1 per cent in the first five months of 2020 in the aftermath of the Covid-19 pandemic. This figure is in line with the 35.8 per cent drop in overall exports for Swiss watches in the same period. According […]

Abu Dhabi’s EOS to invest Dh200m in defense R&D

Abu Dhabi: EOS Advanced Technologies will invest Dh200 million in the research and development (R&D) of next-generation defense systems through 2021. “We are targeting promising markets in the region with R&D projects as part of our $1 billion global investment in much-needed defense technologies,” said Abdul Rahman Abdullah Al Blooshi, CEO. “We are also keen to […]

COVID-19: Cash is king no more, world going cashless, contactless

Dubai: It’s a new different normal that’s coming, even in the way we buy and sell things. And it’s probably for the better. The pandemic has done to te cash-based economy what it has done to healthcare and tourism: change. The only thing that’s constant. Once, we said, cash is king. Now, make that “cash WAS […]