UAE posts budget surplus of Dh9.75 billion in first half of 2020

Abu Dhabi: The total expenditures of UAE federal government bodies reached Dh24.97 billion by the end of the second quarter of 2020, while the total revenues stood at Dh 34.744 billion, the Ministry of Finance said on Monday. The federal government posted a budget surplus of Dh9.75 billion in the first half of 2020, and […]

COVID-19: GCC’s collision repair industry risks being left behind

GCC businesses in the automotive collision repair industry must take the COVID-19 crisis as a warning to innovate or risk being left behind, warn industry experts. The experts, speaking at a panel discussion hosted by Messe Frankfurt Middle East for Automechanika Dubai, noted that the COVID-19-related lockdown has caused a significant drop in collision and […]

Dubai’s du plans to divest 26% in Khazna Data Center

Dubai: The Dubai headquartered telco du will be selling its 26 per cent ‘indirect’ stake in Khazna Data Center to Technology Holding Co., which already owns the other 74 per cent in the entity. The du stake in Khazna also includes its interest in shareholder loans. “The company’s (du) board of directors has further approved […]