Berlin: European carmakers’ share rally this year might hit a roadblock as a US probe of auto imports raises the potential of new tariffs, with underperforming German manufacturers particularly at risk. US Commerce Secretary Wilbur Ross submitted a report to President Donald Trump on whether vehicles made abroad pose a national-security risk, according to a […]
Dubai: Tobacco products used in shisha will soon bear tax marks later this year, as the UAE government expands coverage of excise tax. The Federal Tax Authority (FTA) said on Sunday it will launch phase two of the “Marking Tobacco and Tobacco Products Scheme” starting from the fourth quarter of 2019, expanding it to cover tobacco […]
Agility provides end-to-end supply-chain solutions from freight, custom clearance, delivery, warehouse management (including inventory management) and distribution (transportation) services for fast-moving consumer goods (FMCG), in particular food items. Once cleared from customs, Agility delivers the containers to its temperature-controlled warehouses in the UAE. Containers are then unstuffed, inventory is segregated and managed to ensure First-In-First-Out System […]
LONDON: Japanese carmaker Honda is set to announce the closure of its Swindon car plant putting 3,500 jobs at risk, Sky News reported on Monday. Sky News said that the announcement by Honda could come on Tuesday, and that the plant was scheduled to close in 2022. Spokesmen for Honda were not immediately available to […]
Abu Dhabi: The UAE’s armed forces signed deals worth Dh7.017 billion with various international and local companies to purchase arms and other equipment, to boost the country’s defence capabilities, organisers announced on the second day of the International Defence Exhibition (Idex) on Monday. International and local companies won some of the biggest deals announced, including Raytheon and […]
Abu Dhabi: The UAE is developing its first light attack aircraft and it is currently undergoing testing, a top executive said. The aircraft named B 250 is being manufactured by Abu Dhabi based defence firm, Calidus. It will be the first light attack aircraft (LCA) manufactured in the UAE. The plane has multi-role capabilities for […]
Muhammad BinGhatti, CEO, Binghatti Holdings tells us what makes Binghatti Beverages unique and the reasons why the group set up base in Kizad Why was Binghatti Beverages founded, what is its mission? Binghatti Beverages opened its doors in September 2017. The beverage manufacturing arm of Binghatti Holding was established to provide world-class beverages catering to […]
London: British households grew more downbeat about their finances this month as job worries rose to the highest in over a year, reflecting a slowing economy and uncertain prospects for Brexit in less than six weeks’ time. Consumer spending and a strong labour market were a relative bright spot as Britain’s economy slowed last year […]
Dubai: A state-of-the art facility dedicated to supporting the coffee industry has just been launched in Dubai and it is set to drive new trade flows to the emirate. Supporting the coffee bean’s journey “from crop to cup,” the Dubai Multi Commodities Centre on Monday inaugurated the “DMCC Coffee Centre,” a 7,500-square-metre temperature-controlled site that […]
DUBAI: The Dubai Multi Commodities Centre (DMCC) said on Monday it was in talks with more than one major coffee trading house to bring their business to its newly opened Coffee Centre. The Coffee Centre near Dubai’s Jebel Ali port is a temperature-controlled facility offering infrastructure and services for processing and delivery of coffee, and […]