Dubai: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai mourned the loss of Saeed Bin Ahmed Al Lootah who died on Sunday. He was born in Dubai in 1923. A pioneering Emirati businessman, Saeed Al Lootah laid the foundation of S.S.Lootah Contracting Company as a joint venture […]
Abu Dhabi: Oil prices continue to remain relatively stable at around the $40 range despite fears of a second pandemic wave, which saw prices closing on a weekly low last week with surging COVID-19 cases in the US. Global benchmark Brent crude saw its closing on $41.02 with West Texas Intermediate (WTI) on $38.49, with […]
Dubai: The Saudi Customs has confirmed that e-commerce transactions of goods imported from outside Saudi Arabia will be subject to a 15 per cent Value Added Tax (VAT) on or after 1 July 2020. On its twitter page, the General Authority of Customs stated that all sales and purchases in e-stores that includes importing products […]
New York: Facebook is facing a growing boycott by advertisers unhappy with its handling of misinformation and hate speech, including its laissez-faire attitude toward recent posts from President Donald Trump. The effort gained traction earlier in June amid pressure from civil rights organizations like the NAACP and the Anti-Defamation League. Color of Change, one of […]
Washington:Â US Consumer spending rebounded a record 8.2 per cent in May as many states began lifting stay-at-home orders and businesses reopened, according to federal data released Friday. The increased spending comes despite a 4.2 per cent drop in personal income, the Commerce Department reported Friday. Personal incomes soared 10.5 percent in April, thanks to $1,200 […]
Without a negative Covid-19 result taken within 72 hours of take-off, residents won’t be allowed to board the flights.
GM Defense LLC, a subsidiary of General Motors, has won a $214.3 million production contract from the US Army Contracting Command–Detroit Arsenal to build, field and sustain the Army’s new Infantry Squad Vehicle (ISV). Designed to provide rapid ground mobility, the ISV is a light and agile all-terrain troop carrier intended to transport a nine-soldier […]
Confirming his passing, Sheikh Mohammed said: “He was a trader who started with nothing”.
The Dubai Ruler is known for his surprise visits around Dubai. Last week, he visited the DMCC Coffee Centre and a fish farm in Jebel Ali.
The Dubai Ruler is known for his surprise visits around Dubai. Last week, he visited the DMCC Coffee Centre and a fish farm in Jebel Ali.