Abu Dhabi: Members of the Federal National Council on Tuesday passed the UAE’s federal budget of Dh60.3 billion for 2019 of which more than 59 per cent will go to education and social development. The House reviewed the 2019 budget in the presence of Obaid Humaid Al Tayer, Minister of State for Financial Affairs. The […]
Paris: A Renault SA probe found that jailed Chief Executive Officer Carlos Ghosn’s compensation at the French carmaker complied with French law, sending another signal of division with its alliance partner Nissan Motor Co. A preliminary review of the years 2015 to 2018 found nothing amiss on pay to the executive, who was indicted in […]
WASHINGTON: US growth in the July-September quarter was slightly slower than previously reported, dragged down by the large drop in exports amid President Donald Trump’s multi-front trade wars. With hundreds of billions of goods hit by retaliatory tariffs, US exports fell by the largest amount since early 2009 at the height of the global financial […]
US President Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell as his frustration with the central bank chief intensified following this week’s interest-rate increase and months of stock-market losses, according to four people familiar with the matter. Advisers close to Trump aren’t convinced he would move against Powell and are hoping that the […]
Dubai: Social media is changing the way brands advertise and every now and then there are sponsored content popping up on everyone’s newsfeeds on Instagram or Facebook. Thanks to the so-called “influencers,” companies are now able to market their products differently, and their options are no longer just limited to paying millions of dollars to […]
Scheme is used for new work permit applications in the mainland.
Dubai: A couple of new car models and lots of computer touchscreens — are the UAE auto showrooms ready to make that kind of transition? “For the human element, all that may be needed will be one sales person and another who is well versed in everything technological,” said Michel Ayat, CEO of AWR Automotive. […]
WASHINGTON: The US Trade Representative’s office on Friday officially changed the scheduled date of a tariff rate increase on $200 billion worth of Chinese goods to 12:01am. EST (0501 GMT) on March 2, 2019 as the United States and China pursue talks on trade and intellectual property. The change was made in a Federal Register […]
BEIJING: China’s economy should grow 6.0-6.5 per cent next year, with a boost from “moderately loose” economic policy, a researcher at the state planner said on Tuesday, dismissing concerns there could be a sharp slowdown. But Du Feilun, director of the Institute of Economic Research at the National Development and Reform Commission (NDRC), said China […]
Dubai: The Abu Dhabi-based Al Jaber Group has agreed restructuring terms for Dh5.9 billion ($1.61 billion) in debt, sources familiar with the matter said, potentially ending a long-running dispute with its creditors. Under the deal likely to be implemented by the end of March, Al Jaber will reduce debt throught asset sales and a discounted […]