Dubai: Emirates Integrated Telecommunications Company (EITC), the parent company of du, announced on Thursday that its chief financial officer (CFO), Amer Kazim, has resigned. The company said Kazim is leaving in order to take up another position with a Dubai government-owned organization. However, he will remain with EITC until the end of March 2019, to […]
TOKYO. Japanese electronics and entertainment company Sony is reporting a 45 per cent surge in fiscal third-quarter profit on tax reductions, a favourable exchange rate and gains in its music segment. Tokyo-based Sony Corp reported on Friday an October-December profit of 429 billion yen ($3.9 billion), up from 295.9 billion yen in the same period […]
Istanbul: Turkey’s top economic body ruled out seeking support from the International Monetary Fund, in an effort to end market speculation that Ankara is in touch with the Washington-based lender to negotiate a rescue package. Those spreading the rumours are carrying out a propaganda war to “harm the Turkish government, the Turkish economy and Turkish […]
LONDON, HONG KONG Factory activity was at its weakest in years across much of the world during January, adding to worries trade tariffs, political uncertainty and cooling demand poses an increasing threat to global growth. Weak Purchasing Managers Index (PMI) readings reinforce expectations central banks will put any further interest rate hikes on hold this […]
Dubai: India’s Finance Minister Piyush Goyal, presented the interim budget for 2019-20 fiscal year with promises of massive sops for farmers, weaker sections of the society and the salary earners who constitute the majority of voters in the country. The biggest budget proposal came in the form of doubling the personal income tax limit from […]
The papal visit is also significant as the meeting coincides with the inter-faith conference in Abu Dhabi.
TOKYO. Japan’s Honda Motor said Friday it was revising up forecasts for its full-year net profit despite logging a fall of 34.5 per cent for the nine months to December. The country’s third-largest automaker revised up its full year net profit to 695 billion yen ($6.3 billion) from the previous forecast of 675 billion yen, […]
BRUSSELS, FRANKFURT. Eurozone inflation dipped as expected last month, falling further from the European Central Bank’s target and providing yet another reason for the bank to slow down in removing stimulus. Inflation in the 19 countries sharing the euro slowed to 1.4 per cent from 1.6 per cent a month earlier, Eurostat said on Friday, […]
San Francisco: Facebook said Wednesday quarterly profit climbed to an all-time record $6.9 billion as it boosted its global user base despite scandals that have dented the leading social network’s image. Revenue soared 30 per cent from a year ago to $16.9 billion (Dh62 billion) while the number of people using it monthly rose nine […]
Emaar will celebrate the Chinese New Year on February 4 with an array of activities in Downtown Dubai