UAE economy remains dynamic despite pandemic, says minister

Abu Dhabi: Despite global downturn, the UAE’s economy has remained one of the strongest and most resilient in the world, due to the economic stimulus package that countered the impact of coronavirus (COVID-19). This was highlighted by Nasser Bin Thani Al Hamli, the UAE Minister of Human Resources and Emiratisation, during an international summit hosted […]

Amanat may sell Middlesex University Dubai to Study World

Dubai: Amanat Holdings PJSC is in exclusive talks to sell Middlesex University’s Dubai campus to Study World Education Holding Group, according to people familiar with the matter. Amanat signed a sales and purchase agreement with Dubai-based Study World, the people said, asking not to be identified because the information is private. The deal requires the […]

Merged FCA and Groupe PSA will now be called Stellantis

Peugeot S.A. (Groupe PSA) and Fiat Chrysler Automobiles (FCA) have announced that the entity formed by their 50:50 merger will be called Stellantis. The two automobile conglomerates started procedures to merge following the agreement announced on 18 December 2019. The companies says the name Stellantis exemplifies the “ambitious alignment of storied automotive brands and strong company […]

COVID-19 resurgence is hitting US jobless numbers again, weekly claims total 1.3m

Washington: Applications for US unemployment benefits posted the smallest weekly decline since March after coronavirus cases surged and reopenings paused or reversed across the south and west. Initial jobless claims in regular state programmes totaled 1.3 million in the week ended July 11, down 10,000 from the prior period, Labor Department figures show. Economists surveyed […]