Apple rallies as new services offset slump in iPhone sales

San Francisco: Apple said Tuesday that profits in the past quarter dropped amid falling iPhone sales, but the results were above Wall Street expectations and sent shares sharply higher. The California tech giant reported a 16 per cent drop in profits in the just-ended quarter to $11.6 billion (Dh42.6 billion), as overall revenues dipped five […]

UAE’s du, Etisalat change network names to honour workers on occasion of Labour Day

Dubai: Mobile network services providers Etisalat and du have again changed their network names to mark another important occasion, and this time, it is to honour all the workers out there. On Wednesday, May 1, UAE residents started seeing their telecom carrier’s name changed to “Labour Day.” The yearly tribute is observed worldwide every May […]

Hotel group Jumeirah plans $1 billion European expansion

Dubai: The state-owned hotel brand Jumeirah is set announce major investments in key European cities in the coming months totalling upwards of $1 billion, as the company continues its agenda of rapid international expansion. In the past year, the company has opened a hotel in Nanjing, China, with plans to open properties in Bali and […]

Business Excellence Awards: Eyeing the next milestone

Business Excellence Awards is celebrating 25 years of promoting outstanding performance. What was the idea behind setting up the awards? In 1994, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, wanted to set up a process-based award to improve the way businesses were run […]

UAE economy to grow 3 per cent in 2020

Abu Dhabi: Growth in the UAE is forecast to be at 2.6 per cent in 2019 and jump to 3 per cent in 2020, as the country pushes infrastructure investments ahead of Dubai’s Expo 2020, according to the new World Bank’s Gulf Economic Monitor released on Wednesday in Abu Dhabi. The country’s economy is forecast […]