Dubai: Travellers visiting the UAE spent 4 per cent more last year on their bank cards than in 2017, according to a new report from card company Visa. The company said this indicated a positive uptick in the local economy. Between January and December 2018, the report shows international Visa cardholders spent Dh22.8 billion with […]
Dubai: Whilst technology is improving the understanding that companies have of their customers, it may also be creating blind spots, according to the regional managing director of the consultancy Accenture. Technology “adds to the opportunities, but also creates complexities,” said Emmanuel Viale, the managing director of Accenture Labs, the consultancy’s research and development division. A […]
WASHINGTON: US economic growth accelerated in the first quarter, but the burst in growth was driven by trade and the largest accumulation of unsold goods since 2015, temporary factors that are likely to reverse in the coming quarters. Gross domestic product increased at a 3.2 per cent annualised rate in the first quarter, the Commerce […]
New York. Amazon.com brought in a record $3.6 billion in profit during the first quarter of 2019, more than doubling its profit from a year ago and continuing its streak of record-breaking earnings. The company’s lucrative advertising and cloud computing businesses notched the bulk of its profits and helped boost margins even as sales growth […]
Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Thursday held discussions with Chinese President Xi Jinping in Beijing in the presence of a high-level UAE delegation. The meeting was held on the sidelines of the Second Belt and Road Conference for International […]
Dubai: Bee’ah, the environmental services provider, has claimed that its new Sharjah-based headquarters is set to become the first “fully-integrated artificial intelligence (AI) office building” in the region when it opens later this year. The building will be equipped with a sweeping array of artificial intelligence (AI) and smart building solutions powered by Microsoft and […]
Sheikh Mohammed highlighted the importance of the historic and strategic trade relations between China and the UAE.
Istanbul Turkey’s central bank dropped a commitment to deliver further monetary tightening if needed as it extended its interest-rate pause to seven months. The lira tumbled to its weakest since October. The Monetary Policy Committee led by Governor Murat Cetinkaya tweaked its forward guidance in a statement accompanying its decision on Thursday, saying its action […]
Sheikh Mohammed has assigned four ministers to carry out the functions of the newly launched Ministry of Possibilities.
The driver jumped the red signal.