Are you scared of losing your job? These Abu Dhabi residents are not

Abu Dhabi: A survey carried out by the Department of Community Development (DCD) with 8,000 residents in Abu Dhabi found most respondents optimistic on their personal situation and outlook for the rest of 2020 despite the ongoing pandemic. Some of the survey’s key findings showed that 76 per cent of respondents believe the aftermath of […]

In yet another first, Saudi Arabia names woman head of drug logistics

Abu Dhabi: Saudi Arabia has appointed Dr Jinan Al Omran as director of Supply and Logistics in Prince Sultan Military Medical City, becoming the first woman appointed to lead logistics in the vertical. Dr Jinan Al Omran, expressed her pride in her appointment as the first Saudi woman on this site, and told Okaz the state has […]

Another day and another mega deal for India’s Reliance Jio

Mumbai: The technology giant Intel will invest 18.94 billion rupees in Jio Platforms, the telecom and ecommerce platform owned by Reliance Industries. Intel Capital’s investment will translate into a 0.39 per cent equity stake in Jio Platforms on a fully diluted basis. Intel Capital joins a list of marquee firms that have recently invested in Jio, […]

Rising household cash hoardings to hurt the global economy further

New York: Households are bunkering cash amid the coronavirus outbreak, worried about the economy, their jobs and their future incomes. As near-term indicators pick up, central to the longer-term recovery is whether consumer worries fade enough to get people to spend again. The opposite – continued saving – could create a negative spiral of weaker […]