Middle East economic recovery to be gradual in 2021: IMF

Dubai: GCC’s largest economy Saudi Arabia is expected to record a 2.6 per cent growth in 2021 compared to an estimated 3.9 per cent contraction in its 2020 GDP growth and move to a faster growth of 4 per cent in 2022, according to the International Monetary Fund (IMF). The latest update of the World […]

There is no holding back Apple as revenues top $100b for first time

San Francisco: Apple profits surged in the final three months of the year on growing sales of iPhones and services, which lifted revenues to an all-time record. Profit in the period ended December 26 rose 29 per cent from a year ago to $28.7 billion, while revenues grew 21 per cent to $111.4 billion, with international […]

British auto industry risks slow decline after Brexit

Aston Martin, Austin-Healey, Jaguar, Lotus, Triumph, MG. Those are just a few of the legendary auto brands that have rolled out of British factories over the years. The list of British-made cars that consistently earned money is a lot shorter. Now that Britain is firmly outside the European Union, it could be on the verge […]