Dubai’s Business Park registers 650 new firms as stimulus packages pay off

Dubai: Dubai South said its Business Park free zone attracted 650 new companies as well as leased 945,488 square feet of space in 2020 as measures aimed at supporting businesses paid off. “In light of the impact of COVID-19 on the business landscape last year, Dubai South rolled out an array of stimulus packages to […]

Hyundai walks back confirmation it’s in talks over Apple Car

Hyundai Motor Co. backed away from a statement confirming it is in talks with Apple Inc. on developing self-driving car that fueled an $8 billion surge in the Korean automaker’s market value Friday, saying instead that it received requests for potential cooperation from a number of companies. Revising its statement for the second time in […]

UAE’s Agthia completes acquisition of Al Foah to create top 10 F&B company in the region

Abu Dhabi: Agthia Group PJSC announced the completion of its strategic combination with Al Foah, the world’s largest date processing and packaging company based in Abu Dhabi. With the integration of Al Foah into Agthia as a strategic business unit, Agthia has instantly become the domestic market leader in four essential food and beverage categories: […]

Watch: Dubai-based British siblings’ bakes, burgers are a runaway hit at the Ripe Market amid COVID-19

Dubai: Strategically located in the middle of the pop-up Ripe Market inside Dubai Police Academy Park is a sister-and-brother food business that has flourished amid the pandemic. It’s actually two food trucks combined into one. The elder sibling Faizah Ajmal, 29, an entrepreneur and full-time mum, has set up The Sweetie Shop; while Shoayb Ajmal, […]

Remittances to Pakistan stay above $2 billion for 7th consecutive month

Islamabad: The State Bank of Pakistan (SBP) has revealed that the country is showing a steady positive trend in remittances from overseas Pakistanis for the seventh consecutive month as in December 2020 the foreign remittances rose by $2.436 billion as compared to $2.097bn in December 2019. This is 16.2 per cent year-on-year increase, says the […]