US automakers are digging out of pandemic hole as prices soar

Automakers are climbing out of the ditch they fell into this spring, with U.S. auto sales expected to rebound strongly in the third quarter thanks to cheap borrowing costs and a shift toward private transportation amid the pandemic. The seasonally adjusted annualised selling rate likely reached 15.7 million new vehicles in September, down 1.6 million […]

COVID-19: Saudi Arabia waives 25% of municipal property rents

Dubai: Investors in Saudi Arabia have been exempted from paying 25 per cent of the municipal property rents for a period of three months, Okaz Newspaper reported. The decision will help over 50,000 facilities deal with the economic effects of coronavirus by relieving them off payments amounting to over $151.9 million, the daily added. SEE […]

Mubadala announces long term investment partnership with Silver Lake

Abu Dhabi: Abu Dhabi’s Mubadala has entered into a long-term investment strategy with US based technology investment firm Silver Lake, with the partnership to see Mubadala investing $2 billion. The investment partnership will have 25-year deployment lifecycle and is designed to invest across investment structures, geographies and industries, as well as throughout capital structures and […]

Traditional hearty meals delivered straight to your home

When you think of regional cuisine, you think of traditional hearty meals made with fresh herbs and pungent spices, or classic lighter dishes that are refreshing in their simplicity. Most importantly, for a lot of expats living in the UAE, it brings back memories of meals made with love. A melting pot of cultures, the […]