India’s Ambani, Asia’s wealthiest man, joins club of world’s 10 richest

Mumbai: Asia’s richest man has entered a new league of wealth. The net worth of Mukesh Ambani, chairman of Reliance Industries Ltd., has jumped to $64.5 billion, making him the only Asian tycoon in the exclusive club of the world’s top 10 richest people, according to the Bloomberg Billionaires Index. He overtook Larry Ellison of […]

Global economic recession will be deep, but won’t last for long

Dubai: While investors and market spectators brace for the deepest global recession since World War II, there is reason for hope as economists now see the economic impasse ending in record time as well. The COVID-19 contagion and the subsequent stringent lockdown measures that followed have evidently thrown the world economy in turmoil. Even as […]