India announces scrapping of personal vehicles beyond 20 years

A voluntary vehicle scrapping policy to phase out old and unfit vehicles has been announced in India’s Union Budget on Monday. Finance Minister Nirmala Sitharaman announced that vehicles will undergo fitness test in automated fitness centres after 20 years (personal vehicles) and 15 years (commercial vehicles). This was widely expected in the Budget and this […]

Amazon: CEO Jeff Bezos to step down as revenue tops $100b

Amazon on Tuesday said founder Jeff Bezos would step down as CEO and become executive chairman, as the company reported its third consecutive record profit and quarterly sales above $100 billion (Dh367 billion) for the first time. The transition, slated for the third quarter, will make current cloud computing chief Andy Jassy Amazon’s next chief […]

Join Gulf News webinar on residency and citizenship in Portugal

Portugal’s Golden Visa (GV) programme remains one of the most popular and sought-after citizenship by investment options globally. And for good reasons — Portugal offers a well-balanced mix of history, culture, gorgeous vistas and high technology. It is, as per the Global Peace Index 2020, the third-safest country in the world. Moreover, a Portuguese passport […]