Hong Kong property scion has no house and no inheritance

The heir to the biggest real estate agency in property-mad Hong Kong doesn’t own a house. Not only that, he won’t inherit his father’s stake in Centaline Group, estimated to be worth about $400 million according to the Bloomberg Billionaires Index, because it was donated to charity more than a decade ago. But Alex Shih […]

Etisalat sees net profits increase 5% to Dh2.2 billion

Dubai: UAE state-owned telco Etisalat booked Dh2.2 billion in first quarter net profits, while marginally growing its subscriber base by 2 per cent to 143 million. The group said on Tuesday that it had recorded Dh13 billion in revenues for the first three months of 2019, posting a 5 per cent year-on-year increase in net […]

Al Ghandi Auto is the new Cadillac dealer for the UAE

Dubai Al Ghandi Auto, official Chevrolet dealer in Dubai, is widening its base and portfolio in the UAE with the addition of Cadillac franchises for the entire country, and Chevrolet and GMC franchises in the Northern Emirates. The company announced that starting on April 23, 2019, its dealerships will take care of sales and aftersales […]