Apple can mount major challenge, says VW CEO

Volkswagen AG Chief Executive Officer Herbert Diess said cash-rich technology giants invading the auto industry pose a much bigger challenge for the German manufacturer than traditional rivals like Toyota Motor Corp. “We look forward to new competitors who will certainly accelerate the change in our industry and bring in new skills,” Diess said in a […]

DP World, Senegal sign agreement to develop Ndayane port

Dubai: DP World, and the Government of Senegal, have signed agreements for the development of a deepwater port at Ndayane, approximately 50 kilometres (km) from the existing port and near the Blaise Diagne international airport. The new port will further reinforce Dakar’s role as a major logistics hub and gateway to West and North-West Africa. […]

UAE salary guide 2021: Salary hike unlikely, says recruitment agency

Dubai: UAE employees are unlikely to face any major salary changes in 2021, although a recent survey has revealed that new hires can expect a two per cent reduction than their previous counterparts. In a report published by Cooper Fitch, which specialises in recruitment, executive search and human resources advisory services, 200 UAE-based companies were […]

Daimler joins hands with India’s Infosys

German automobile giant Daimler AG and Infosys on Tuesday a long-term partnership that will help the companies drive a Hybrid Cloud-powered innovation and IT infrastructure transformation in the automotive sector. The collaboration will empower Daimler to strengthen its IT capabilities, and Infosys, its automotive expertise. As part of this partnership, automotive IT infrastructure experts based […]

Dubai reinforces its status as global capital of Islamic economy

Dubai: The success of Dubai Islamic Economy Development Centre’s (DIEDC) initiatives reinforce the Islamic economy’s role as a key driver of the national economy and of Dubai, as a global capital of Islamic economy, according to Sultan bin Saeed Al Mansouri, Chairman of Dubai Islamic Economy Development Centre (DIEDC). The DIEDC recently held its fourth and […]