Dhamma Perfumes: How a good nose for money helped Pakistani expat Abdul Mateen Dhamma establish a perfume empire in the UAE

He made Rs 5 selling bananas to co-passengers on his first trip to Dubai on a ship, way back in 1959. Today he is presiding over a multi-million dirham empire. The story of Abdul Mateen Dhamma is one of perseverance, opportunism and having a good nose for money, right from a young age. And it […]

Saudi Arabia to invest $1b in Africa’s COVID-19 recovery

London: Saudi Crown Prince Mohammed bin Salman said on Tuesday that the kingdom will continue to support African countries to help their recovery following the COVID-19 blow to their economies, with investments and loans worth around $1 billion this year. “Saudi Development Fund will carry out future projects, loans and grants worth three billion riyals, […]

Joe Biden takes battery-powered Ford F-150 for a spin in Detroit

President Joe Biden made an unscheduled stop at a Ford Motor Co. test track outside Detroit on Tuesday, where he hopped into the company’s new all-electric F-150 pickup truck and took a spin. “This sucker’s quick,” Biden said after pulling up in front of reporters accompanying him. “I’m just gonna step on it. I’ll come […]

Adani Green to buy SoftBank’s $3.5 billion renewables unit

Mumbai: Adani Green Energy Ltd. said it has agreed to buy SoftBank Group Corp.’s renewable power business in India, as it seeks to accelerate efforts to expand capacity. The firm, controlled by billionaire Gautam Adani, signed pacts for the acquisition of a 100 per cent interest in SB Energy India from SoftBank and partner Bharti Group, […]

Saudi to invest $1 billion to support Africa’s post-pandemic recovery

London:  Saudi Arabia will support African countries with investments and loans worth about $1 billion this year to help their economies recover from the COVID-19 pandemic, crown prince Mohammed bin Salman said on Tuesday. “Saudi Development Fund will carry out future projects, loans and grants worth three billion riyals, or around $1 billion, in developing […]