Reliance Jio could lose Dh7.7b this fiscal year

Mumbai: Reliance Jio Infocomm Ltd, India’s most profitable wireless carrier, could lose as much as Rs150 billion (Dh7.70 billion) this fiscal year when costs such as handset subsidies are included, according to analysts at Sanford C. Bernstein & Co. That would be a bigger deficit than those of its larger Indian rivals Bharti Airtel Ltd. […]

Etisalat named ‘Most Valuable Telecoms Brand’ in Mena region

Dubai. Etisalat on Tuesday received ‘The Most Valuable Telecoms Brand’ in Middle East and Africa (MEA) region by Brand Finance at Mobile World Congress as a recognition for the company’s increase in brand value to $8.3 billion (Dh30.46 billion) — higher than any other telecom brand in the MENA region and the only telecom brand […]

Yield curve getting flatter, Fed vice-chairman says

Dallas: Federal Reserve vice-chairman Richard Clarida said that when rates on shorter-dated bonds move above rates on longer-dated bonds, it can be a signal that an economic slowdown is coming. “Historically in the US, inverted yield curves are actually pretty rare — they aren’t black swans, but they don’t happen a lot, and when they […]

UAE railway network ‘moving forward,’ Etihad Rail says

Dubai: The head of Etihad Rail said that the UAE’s railway network is “moving forward,” with routes now aligned and the design of the project completed. The developer and operator of the railway on Tuesday declined to elaborate on when the project will be completed, after the second phase was put on hold in 2016 […]

Bahrain has ‘come a long way’ on budget deficit

Manama: Bahrain has “come a long way” in tackling its budget deficit and is committed to undertaking more reforms following last year’s $10 billion aid package agreed with its Gulf allies, the central bank governor said on Tuesday. Bahrain last year embarked on a series of fiscal reforms linked to the package from its Gulf […]

DMCA: Sea Dubai initiative to facilitate recreational maritime activities

What role does the Dubai Maritime City Authority (DMCA) play in the creation of a leisure maritime infrastructure? The role of DMCA in creating a leisure maritime infrastructure is reflected in its Sea Dubai initiative, a programme aimed towards the development of the maritime leisure sector in Dubai. The initiative was based on a clear […]