Uber posts big loss as COVID-19 clobbers ridesharing

San Francisco: Uber on Wednesday reported another hefty loss in the final three months of 2020, as the smartphone-summoned ride business struggled during the pandemic. The loss of $968 million (Dh3.6 billion) was narrowed slightly from $1.1 billion in the same period a year earlier, according to Uber, which saw a surge in its food […]

DXB Entertainments posts 2020 net loss of Dh2.7b on one-time charges

Dubai: DXB Entertainments’ net loss widened in 2020, partly due to impairment charges related to property and equipment. The company reported a net loss of Dh2.7 billion for the year ended December 31, 2020. It lost Dh855 million in the same period a year earlier. “Severe disruptions in global trade and tourism, and the city-wide […]