Musandam Power Company (MPC) says the first phase of its IPO receives strong response with an oversubscription of 5.6 times of offer shares. The phase two of...
Soon, passengers will no longer be able to hail taxi services via RTA call center. The Roads & Transport Authority (RTA) has migrated their entire taxi...
Free zones and special economic zones (SEZ) have emerged as strong pillars in a country’s economic performance. From attracting foreign investment to creating employment and implementing...
The annual consumer spending in Islamic economy sectors touched US$2.2 trillion in 2018, reflecting a 5.2 per cent year-on-year growth, said the Dubai Islamic Economy Development...
(Bloomberg) –Travis Kalanick sold about 20% of his stake in Uber Technologies Inc. last week. Kalanick, 43, a director at the ride-hailing company, sold 20.3 million...
(Bloomberg) –Oil fell as equity markets faltered on concern chances of a U.S.-China trade settlement are slipping away. Futures in New York fell 0.7% on Monday....
(Bloomberg) –Dubai is deflating its economy to squeeze out growth. The emirate’s selling prices dropped last month at the fastest pace since February 2016, according to...
(Bloomberg) –Alibaba Group Holding Ltd. logged more than 268 billion yuan ($38.3 billion) of purchases during its Singles’ Day bonanza, exceeding last year’s record haul after...
Saudi Arabia’s Premium Residency Center (SAPRC) has granted premium residency to 73 applicants who met the criteria. In an official statement on Monday, the Center said...
(Bloomberg) — India’s factory output shrank to the lowest level in eight years, as a sharp fall in capital goods production underlined weak demand in Asia’s third-largest...
