Rents dipping in Abu Dhabi’s poshest areas

Dubai: A two-bedroom apartment somewhere near the Corniche area in Abu Dhabi for Dh60,000? Or how about one in Khalidiya? That’s right, a prolonged cooling off in Abu Dhabi’s residential rental market has seen locations suddenly more accessible for tenants. Units at older buildings in Corniche and Khalidiya are available in these rental ranges after […]

China’s economic growth cools to 6.3 per cent

BEIJING: China’s economy cooled further in the first quarter, according to a survey of analysts, as Beijing resorted to tried-and-tested measures to combat tepid global demand and a bruising US trade war. The world’s second largest economy expanded by 6.3 per cent in the January to March period, the poll of 13 economists found ahead […]

Afghan minister pins hopes on developing $3 trillion minerals industry

Dubai: After four decades of war, Afghanistan seems finally ready to prepare for a life after conflict. With a crippled economy that is still almost entirely reliant on aid, President Ashraf Ghani has embarked on a set of ambitious reforms to wean Afghanistan off international assistance since taking office in 2014. For a country that […]

US seeks $10 bn trade finance fund for Venezuela

WASHINGTON: The United States is working with a group of countries to build a $10 billion (Dh120.29 billion) fund to help Venezuela rebuild trade once a new government is in place, Treasury Secretary Steven Mnuchin said Saturday. The United States has joined dozens of other countries in recognising Venezuelan opposition leader Juan Guaido as interim […]

Facebook, WhatsApp, Instagram still down? US tech giant apologises for massive outages that hit many users worldwide

Dubai: Facebook has apologised for the massive outages that crippled many of its platforms, including the social networking site, as well as instant messaging tool WhatsApp and photo-sharing network Instagram on Sunday. A spokesperson said the services are now back up and running, but some users are still reporting technical issues as of 9:03am Monday. […]