Dubai’s DP World picks up 51% in Ukranian port

Dubai: DP World has completed acquisition of a 51 percent stake in TIS Container Terminal in Ukraine’s Yuzhny port. This follows regulatory approval from the relevant government authorities. This project will be DP World’s second partnership with TIS, the first being P&O Maritime Ukraine, which provides harbour towage services at the principal Black Sea ports in Ukraine. DP […]

Abu Dhabi’s Mubadala had assets under management of Dh853b in 2019

Abu Dhabi: Abu Dhabi’s Mubadala Investment Company recorded a sharp gain in full-year income to Dh53 billion from Dh12.5 billion in 2018. Assets under management by the fund was at Dh853 billion as of end 2019, a gain on the Dh840 billion from the year before. “2019 was a remarkable year for Mubadala,” said Khaldoon […]

Slight decline in new US jobless claims as business reopens

Washington: Applications for US unemployment benefits have gradually eased from a stream of business reopenings. Initial jobless claims for regular state programmes totaled 1.54 million in the week ended June 6, down from 1.9 million in the prior week, Labor Department figures show. Applications for unemployment insurance have fallen consistently each week since peaking at […]

Dubai: Tomato prices fall, make some wholesome soup over the weekend

Dubai: It’s the weekend. Why not make some wholesome tomato soup or tomato sauce for your pasta or use the vegetable to make some salsa for tortilla chips? Get all the tomatoes you want since the price for 1kg has reduced from Dh4 to Dh3.7 on June 11. Prices of your favourite fish varieties like […]

Apple plans to announce move to its own Mac chips at WWDC

Apple Inc. is preparing to announce a shift to its own main processors in Mac computers, replacing chips from Intel Corp., as early as this month at its annual developer conference, according to people familiar with the plans. The company is holding WWDC the week of June 22. Unveiling the initiative, codenamed Kalamata, at the […]