Lebanon deficit seen at 8.3% of GDP or less

Beirut: Lebanon’s cabinet made “important” progress on Sunday in its debate over the draft budget which will have a deficit of 8.3 per cent of GDP or less, Lebanon’s Finance Minister Ali Hassan Khalil said. The deficit was 11.2 per cent of gross domestic product (GDP) in 2018. Lebanon has one of the heaviest public […]

Sensex crosses 39,000

Mumbai:Indian equity indices traded on a firm note on Monday after most exit polls showed a BJP-led NDA getting a comfortable majority in the now concluded general elections. The Sensex advanced over 1,079 points during the afternoon trade hitting an intra-day high of 39,010. Markets favour a stable governments and until Sunday owing to uncertainty […]

Top US tech companies begin to cut off vital Huawei supplies

Top US corporations from chipmakers to Google have frozen the supply of critical software and components to Huawei Technologies Co., complying with a Trump administration crackdown that threatens to choke off China’s largest technology company. Chipmakers including Intel Corp., Qualcomm Inc., Xilinx Inc. and Broadcom Inc. have told their employees they will not supply Huawei […]

Gulf Navigation loses Dh11 million in first quarter, sees profits slip

Dubai Gulf Navigation Holding, the Dubai-based maritime and shipping company, has said it made a loss of Dh11 million in the first quarter of 2019, despite increasing its revenues. During the first three months of 2019, the company achieved an operating revenue of Dh45 million, compared to Dh37.7 million during the same period of 2018, […]