Fed leaves US interest rates unchanged

Washington: The Federal Reserve held interest rates steady on Wednesday but said it would be patient in lifting borrowing costs further this year as it pointed to rising uncertainty about the US economic outlook. While the Fed said continued US economic and job growth were still “the most likely outcomes,” it removed language from its […]

India’s economy showed signs of slowing in December

India’s economic activity showed signs of slowing in December, belying hopes of a quick turnaround suggested by the previous month’s data. A gauge measuring overall activity moved two notches lower in December from a month ago, underpinning a view that India’s growth has slowed and it might need a dose of fiscal and monetary stimulus […]

Doctor booking app launched: Now, book a physician in Dubai in seconds

Dubai: Finding the right doctor and securing an appointment in the UAE will now be a breeze, with the launch of a new online tool that seeks to improve the way people access health services. The Dubai Healthcare City (DHCC) has recently partnered with a healthtech start-up to introduce an instant online appointment system, which allows […]

Is Souq set to finally be replaced by Amazon?

Dubai: Will Souq.com soon disappear, leaving in its place Amazon.ae? Nearly two years after the US online retail giant purchased Souq for $580 million, a source-led report from CNBC on Tuesday suggested that may be exactly what is about to happen. According to the article, Amazon has recently been contacting large North American wholesalers to […]

Department of Economic Development in Dubai launches initiatives to enhance future-readiness of economy

Dubai: The Department of Economic Development (DED) in Dubai launched three quality initiatives on Wednesday aimed to accelerate future-readiness of the economy. These initiatives launched on the sidelines of the third Engage DXB Forum 2019 are aimed at enhancing private sector participation in developing a competitive policy framework for achieving sustainable business growth. The three […]