Watch: First hotel run entirely by Emiratis in Dubai aims to provide feel of an Emirati home

DUBAI: When an Emirati family business began working on establishing The Manor Hotel in Dubai, they decided to bring along a little piece of their ‘home’. Mohammed Hanif, managing partner and founder of the hotel located in Al Furjan, said: “The contractor was from an Emirati company. The designer was an Emirati as well. The […]

Vodafone’s India unit plans to raise $1.5b after earning a respite from top court

Mumbai: The UK Vodafone Group’s India unit is planning to raise about $1.5 billion as it seeks to turn around its fortunes in the country’s fiercely competitive wireless market. Vodafone Idea is discussing a funding plan that could include a share sale and working with advisers, including New York-based investment bank PJT Partners Inc., as […]

K-Pop superstars BTS’s agency seeks up to $812 million in IPO

Big Hit Entertainment Co., the manager of K-pop boy band BTS, is looking to raise as much as 962.6 billion won ($812 million) in a South Korean initial public offering that is set to be the country’s largest in three years. Big Hit set the price range for sale of 7.13 million new shares at […]

Manila region experiences worst youth jobless rates in the Philippines

Manila: Employment prospects for Filipino youth remain bleak as pandemic-hit companies freeze hiring and choose experienced workers for fewer jobs. Youth unemployment rate was 22.4 per cent in July, when new graduates would typically enter the workforce, according to the Philippine Statistics Authority. That’s more than double the overall 10 per cent jobless ratio and compares with […]

One of the world’s richest Petrostates is running out of cash: Kuwait

When Kuwait’s then-Finance Minister Anas Al-Saleh warned in 2016 that it was time to cut spending and prepare for life after oil, he was ridiculed by a population raised on a seemingly endless flow of petrodollars. Four years on, one of the world’s richest countries is struggling to make ends meet as a sharp decline […]