Hong Kong: The Turkish lira collapsed more than 17 per cent Monday after President Recep Tayyip Erdogan sacked the country’s market-friendly central bank chief. The currency fell to as low as 8.47 per US dollar in early trade Monday, having closed at 7.22 at the end of last week, after Naci Agbal was replaced by […]
Gold has been losing momentum as economic growth optimism is growing.
The cabinet also decided to relax the nationwide curfew and many other restrictions.
Twofour54 has announced the privatisation of post-production facilities in a deal with Genomedia Studios
DMSat-1 will monitor, collect and analyse environmental data, measure air pollutants and greenhouse gases
Christie’s is organising what will be the largest and the most valuable watch auction in the Middle East over March and April. The auction house says the event, dubbed ‘Watches Online: Dubai Edit’, will offer the largest selection of extremely sought-after timepieces ever in the region. The scale of the event also highlights Dubai’s position […]
In the nascent truck wars, Detroit won’t need tents. In the summer of 2018, when Tesla needed to quickly ramp up production at its Fremont, Calif., factory, the company erected a big top the size of two football fields in the parking lot. The strategy brought into stark relief the difficulty of taking a vehicle […]
Dubai: The UAE government launched on Monday ‘Operation 300bn’, a national industrial strategy aimed at raising the manufacturing sector’s contribution from Dh133 to Dh300 billion over the next 10 years. The strategy, which will be led by the Ministry of Industry and Advanced Technology, was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, […]
Construction work on a long-awaited sugar refinery project as well as a large-scale food processing cluster at Sohar Port and Freezone is expected to …