The story of Baqer Mohebi: How one tiny shop on Dubai creek became a family-owned business empire

When Baqer Mohebi opened a small shop selling essential items way back in 1931 on the Creekside in Bur Dubai, he was in his early twenties. Through the years, the small shop grew into a massive empire that is now Zainal Mohebi Holdings. All thanks to the hard work by his son the late Zainal […]

Saudi Arabia’s post-COVID recovery to accelerate in second half of 2021, says IIF

Dubai: Saudi Arabia experienced limited economic and public health impact from the COVID-19 pandemic thanks to its relatively young population, low shares of services in GDP according to the latest assessment by the Institute of International Finance (IIF). “The Saudi economy contracted by 4.1 per cent in 2020, driven by a sharp contraction in oil […]

Internet outages briefly disrupt access to websites, apps

The Hong Kong Stock Exchange said in a post on Twitter Thursday afternoon Hong Kong time that its site was facing technical issues and that it was investigating. It said in another post 17 minutes later that its websites were back to normal. Internet monitoring websites including ThousandEyes, Downdetector.com and fing.com showed dozens of disruptions, […]