Prices continue to fall persistently, posting biggest weekly decline since November 2018.

Dubai: Uber Technologies Inc. is in advanced discussions to buy its Dubai-based rival Careem Networks FZ, a deal that would expand the ride-hailing giant’s operations in the Middle East, according to people familiar with the matter. The companies may announce a cash-and-shares transaction that values Careem at about $3 billion in the coming weeks, the […]

HAVANA: US President Donald Trump’s administration is brandishing the threat of sanctions against foreign companies “trafficking” with Cuba, a move hitherto mothballed by Washington so as not to offend allies. The White House has broken with two decades of precedent in threatening to activate Title III of the Helms-Burton Act, which extended the US embargo […]

PARIS: The Geneva Motor Show kicks off this week with automakers eager to show off new electric models, even as they nervously eye a horizon coloured by trade wars and Brexit uncertainty. After years of growth and record profits, the sector took a sharp U-turn in mid-2018 amid an unexpected slowdown in China, which is […]

EFG-Hermes Holding SAE is considering an expansion into South East Asia as Egypt’s biggest investment bank seeks to grow in emerging markets. The Cairo-headquartered company, which operates in 12 countries, is “looking at potentially one or two” new markets this year, Chief Executive Officer Karim Awad said in an interview with Bloomberg Television in Dubai […]

Dubai Airport Free Zone Authority (Dafza), a state-run economic zone that includes Dubai International Airport, reported that non-oil foreign trade volumes jumped 62 per cent in 2018 to hit Dh146 billion. The significant growth is largely due to the increase in exports and re-exports, which amounted to Dh83.3 billion, an increase of 90 per cent […]

Dubai: The value of foreign trade at the Dubai Airport Freezone Authority (Dafza) in 2018 jumped by 62 per cent to reach Dh146 billion, driven by growth in the value of exports and re-exports. Dafza reported on Sunday Dh83.3 billion in exports and re-exports in 2018, rising by 90 per cent year-on-year, as imports increased […]

British businesses reported their weakest growth in nearly six years during the past three months due to fears of a no-deal Brexit and rising global trade barriers, the Confederation of British Industry said on Sunday. The CBI’s index of private-sector activity over the past three months dropped to -3 in February from zero in January. […]

Ed Sheeran’s new album will feature duets with Justin Bieber and Beyonce. The 28-year-old singer is working on a new More…

The Jonas Brothers performed a secret concert in New York City on Friday. The newly-reunited trio released their More…