Etihad Rail awards contract to Chinese, Korean JV

Dubai: Etihad Rail, the developer and operator of the UAE’s upcoming railway, approved package A of the tender awards for the second stage of the network. The contract was awarded to a joint venture between the China State Construction Engineering Corporation and South Korea’s SK Engineering and Construction. The package includes all design and build, […]

Dubai’s private sector economy maintains stable growth

Dubai: Non-oil private sector economy in Dubai remained stable in February with the Dubai Economy Tracker Index unchanged at 55.8, according to the latest data from IHS Markit and Emirates NBD. Total business activity rose at the fastest rate in nine months, while new business increased at a pace that remained above the 2018 average […]

‘As an Emirati, I have to work harder’: Entrepreneur Maryam Hassani

Dubai: Emirati Maryam Hassani wears many hats. She is a mother, a wife, a daughter and a businesswoman. Ask her how she juggles the various roles, her reply is as candid as it can be. I have learnt to wear many hats and I quite enjoy them. Through the years, I have realised that as […]

Homecoming costs Indian steel tycoon Lakshmi Mittal $7 Billion in year of legal drama

It’s been a tough year as India’s fourth-richest man has struggled to return to his roots. When Lakshmi Mittal, 68, left India for a vacation through Asia more than four decades ago, he didn’t plan to stay in Indonesia and lay the foundation for a steel empire that spans the globe and generated $5 billion […]