Dubai’s Careem launches new food delivery service

Dubai: Careem launched a delivery service covering everything from takeaway food to pharmaceuticals on Monday, diversifying from its core Middle East ride-hailing business and increasing competition with rival Uber Technologies. The company has expanded its car service business to more than 120 cities in 15 predominantly Middle East countries since launching in 2012. “We believe […]

Nissan bans all staff contact with Carlos

Beijing: Nissan Motor Co has asked its staff to refrain from any communications with jailed directors Carlos Ghosn and Greg Kelly and their lawyers as Japanese prosecutors investigate the officials at the centre of a scandal about under-reporting of pay. Employees were asked not to get in touch on their own and not to respond […]

How the world’s richest people lost $511 billion in 2018

The richest people on Earth lost $511 billion this year after record first-half gains were obliterated by a succession of bruising market selloffs. Global trade tensions and worries about a U.S. recession dragged markets lower at year-end, leaving the 500 people on the Bloomberg Billionaires Index with a combined net worth of $4.7 trillion as […]

Iran offers public sector wage hikes and little else in budget

Tehran: Iran has announced a 20 per cent increase in public sector wages in its first budget since the return of US sanctions. But the new budget does not say how many barrels of oil Iran hopes to sell in the next financial year, which starts in late March, but analysts believe it will be […]

FNC passes budget of Dh60.3 billion for 2019

Abu Dhabi: Members of the Federal National Council on Tuesday passed the UAE’s federal budget of Dh60.3 billion for 2019 of which more than 59 per cent will go to education and social development. The House reviewed the 2019 budget in the presence of Obaid Humaid Al Tayer, Minister of State for Financial Affairs. The […]