Dubai among world’s top five shipping centres for 3rd consecutive year

DUBAI: Dubai has successfully retained its leading position as the first city in the region to rank among the world’s top five destinations for the maritime industry in the International Shipping Centre Development (ISCD) Index for the third consecutive year. Dubai ranked ahead of the following maritime cities: Rotterdam; Hamburg; New York; New Jersey, and […]

Galaxy Watch3: Price, ECG feature, all you need to know

Galaxy Watch3 unveiled Galaxy Watch3 is dubbed as the next-generation companion for busy people — managing routines, smashing fitness goals, and taking ownership over an active lifestyle. There are four different Watch3 models, with prices starting from $399. The tech giant unveiled the Galaxy Watch 3, alongside Galaxy Note20 / Ultra, Galaxy Buds Live, Tab […]

Saudi Arabia’s private sector business conditions stabilise in July

Dubai: Saudi Arabia’s non-oil private sector stabilised in July signaling an improvement in business conditions at the start of the second half of 2020. The latest Purchasing Managers’ Index (PMI) covering Saudi Arabia’s non-oil private sector economy rose from 47.7 in June to 50 in July, signalling overall stability in operating conditions. “The July PMI scoring […]

$3 billion hit on Lebanese economy from massive port explosion: Beirut governor

Beirut: The Lebanese economy, already beleaguered by a worsening crisis, could take at least a $3 billion hit from a massive blast that killed more than 100 people and rendered more than 300,000 homeless, the governor said on Wednesday. The blast in Beirut on August 4, 2020 flattened the port and several buildings nearby, and […]

UAE business conditions improve for the second month in July

Dubai: The UAE non-oil private sector registered a further recovery in business conditions during July amid a greater easing of lockdown restrictions, according to data from the latest UAE Purchasing Manager’s Index. The headline IHS Markit UAE PMI rose from 50.4 in June to 50.8 in July, to signal a second successive monthly improvement in […]