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Group's 2m bpd cut in October was the biggest since the height of the Covid pandemic
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Planemaker likely to fall short of targeted 700 deliveries this year
Measures could have an uncertain effect as worries over lost supply compete with fears about lower demand
The new banknote will be available in Central Bank branches and ATMs in the first half of 2023
Influencers from around the world to share their knowledge and experience at the two-day One Billion Followers Summit
Hiring remains strong despite technology companies announcing thousands of jobs cuts
Services are part of telco's contributing efforts as one of the key partner of the National Programme for SMEs
He’s now set his sights on becoming the world’s biggest renewable energy player
Since the News Media Bargaining Code took effect, the tech firms have inked more than 30 deals with media outlets
The initial focus will be on vegetables and bakery items, with the possibility of expansion into dairy and meat products in the future
He earned about $52.4 billion in the company's stock options over four and a half years after virtually all of its targets were met
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Al-Futtaim Automotive rebrands all FastFit centres to Al-Futtaim Auto Centres and expands locations
The announcement comes along with the unveiling of five new locations and a new mobile service option for all car makes and models in the UAE
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The quick transformation is compelling us to question our traditional automotive axioms
To limit global warming to 1.5°C, no more than 315 million new vehicles running on fossil fuels can still be sold worldwide, as per the group's report
Repairs aren't yet available, but once they are, owners should schedule service with a preferred dealer
UAE auto parts sector is expected to grow at a CAGR of 7.5 per cent over 2021-25
The company to deploy an over-the-air update to correct the issue after it received complaints about taillights failing to illuminate in some vehicles
Auto premiums were reduced due to a decline in car demand after the pandemic, but as the market comes back on track, the rates are being revised
Renault to split in five businesses in big overhaul; To form joint venture with Geely, spin off EV unit; Shares fall on lack of progress in talks with Nissan
He was a fourth-generation member of the 1888-launched Kirloskar Group, which manufactures pumps, engines, compressors and related products
SIA will invest $250 million into Air India as part of the transaction, the Singaporean carrier said in a statement, with the pair aiming to complete the merger by March 2024 subject to regulatory approvals
King Salman airport would create 103,000 direct and indirect jobs, handle 185 million travellers and process 3.5 million tons of cargo by 2050
Aviation sector sees strong recovery in post-pandemic period; airlines have added over 110,000 seats to Dubai routes in November for increased flow of Fifa fans
Planemaker likely to fall short of targeted 700 deliveries this year
According to authorities, manual passes are now being issued to passengers
Airline collaborates with creative Emiratis to highlight the country's legacy, culture, and promising future vision
The system is one of several options being considered for a potential zero-emission aircaft based on hydrogen, says Airbus
It handles 4.7 million passengers during the third quarter of 2022, reflecting a year-on-year growth of 250 per cent
Customers can also get information about Emirates Holidays, Skywards Miles, claim ticket refunds as well as buy Dubai’s flagship carrier’s merchandise
The seating capacity of airlines also increased by 2.8 per cent in November as compared to the previous month
While mapping the accounting profits into taxable profits, corporations will observe that some items, like dividend income, fines, and penalties, will create permanent differences and some items, like the pattern of consumption (depreciation) of assets, will create temporary differences
Written agreement concerning the supply of goods or services, between two VAT-registered persons, could be regarded as a tax invoice for recovering input credit
Emirates NBD to offer merchant acquiring services to its institutional clients; Bank to also provide loans against POS receivables
Dubai is committed to forge strong partnerships with the world’s leading professional services companies
These were enhanced by wage hikes and a strong labour market in the US and other Organisation for Economic Co-operation and Development — or OECD — countries
Bankman-Fried said that he took responsibility for its collapse, and that he had failed to grasp the amount of risk FTX and Alameda were taking on
Fund launch to support high growth GCC and Indian companies looking to expand in GCC region
Manufacturing activity data from Bloomberg showed PMI figures well above the growth mark of 50 for UAE and Saudi Arabia, whereas data for Qatar showed a smaller growth during September-2022 at 50.7 points
The sukuk, which mature in five years, were sold at 155 basis points (bps) over US Treasuries, tightened from initial guidance of around 175bps over after demand topped $1.6 billion
Remuneration received by individuals to perform director’s functions will be outside the scope of VAT
In his remarks to employees, he played down how much the company was actually spending in Reality Labs, the unit responsible for its metaverse investments
The company has already been axing some of its projects — including subsidiary fabric.com, Amazon Care, and the cooler-size home delivery robot Scout
He earned about $52.4 billion in the company's stock options over four and a half years after virtually all of its targets were met
Dubai's district cooling provider shares rise 9% to Dh1.45 in early trading on the DFM, giving it a market value of about Dh14.5 billion ($3.95 billion)
Shareholder Richard Tornetta hopes to prove that Musk used his dominance over the board to craft the 2018 package and then duped investors
UAE auto parts sector is expected to grow at a CAGR of 7.5 per cent over 2021-25
Abu Dhabi-listed companies showed the biggest y-o-y profitability improvement during Q3 with net profits almost doubling to $9.1 billion as compared to $ 4.7 billion Q3-2021
Aliph, which targets medium-sized companies, said the pet care market in the United Arab Emirates was worth $361 million in 2020 — the largest in the Gulf
The deal — which values his business at $2.8 billion — will see the US fashion superstar remain in his position as creative director until the end of next year
Continued growth is underpinned by margin-enhancing fleet expansion program, with nine new rigs added so far in 2022; Industry-leading fleet utilisation supports nine-month revenue growth of 15% year-on-year, to reach $1.94 billion
The family’s business spans sectors including banking, chemicals and healthcare and employs roughly 200,000 people worldwide
The Abu Dhabi-listed company reports double-digit revenue and EBITDA growth for the first nine months of 2022 due due to stellar performance in its managed solutions business
The failed cryptocurrency exchange bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years
The dramatic collapse of the crypto exchange continues to reverberate throughout the industry
Company seeks court relief to pay critical vendors
Dubai has set up Virtual Assets Regulatory Authority for regulating digital assets market outside of certain jurisdictions such as DIFC
Bankman-Fried said that he took responsibility for its collapse, and that he had failed to grasp the amount of risk FTX and Alameda were taking on
CEO of crypto asset provider CoinMENA reveals the new financial revolution in the offing
All-in-one crypto investment mobile app is now available to UAE residents to build their portfolio, earn yield and stay updated on the latest crypto news
Securities regulators had revoked their license and began involuntary liquidation proceedings the day before the bankruptcy case kicked off
Sam Bankman-Fried, the chief executive of the embattled cryptocurrency exchange, was a proponent and donor of the “effective altruism” movement
FTX in contact with dozens of federal, state and international regulators; Over one hundred thousand creditors involved in the bankruptcy case, maybe over one million; Bahamas regulator appoints provisional liquidators; French cen. bank Governor calls for global regulatory response
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WAHED Coin to launch on LBank exchange on December 5
WAHED Coin, the native cryptocurrency of the WAHED ecosystem, is to be listed on LBank on December 5. The asset powers a growing array of features within WAHED's next-generation investment hub.
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Chinese-style modernisation is the modernisation of harmony between man and nature, and the modernisation of taking the road of peaceful development
Global uncertainty and increased interest rates mean the risk of contagion remains and may even hit the purses of those with little to do with Britain
Earlier, in October, the two discussed the importance of 'a balanced and comprehensive' Free Trade Agreement between their countries, via telephone
The Chancellor of the Exchequer is expected to unveil fiscal consolidation totalling about £50 - £60 billion, media reports suggest
These were enhanced by wage hikes and a strong labour market in the US and other Organisation for Economic Co-operation and Development — or OECD — countries
The central bank has raised the benchmark lending rate by 0.75 percentage points four consecutive times in recent months
Holding company's earnings jumped 61 per cent to record Dh121.1 billion as profits skyrocketed to Dh14.8 billion in H1 2022
The Emirates, Saudi Arabia, Kuwait and Iraq deny a media report that Opec+ group is considering an 'increase of up to 500,000 barrels a day' ahead of the next month's meeting
Next year, it predicts a sharp split between developed economies 'in or near recession', while emerging economies would 'recover modestly'
The two exchanged views on several regional and international issues of common concern
Jakarta has invited him to use Indonesia as a launch site for his SpaceX rockets, pointing out the benefits of a location next to the equator
Opec+ expected to roll over policy on Sunday; Opec+ also cancels Friday technical meeting; Russian price cap, Chinese demand in focus
The EU ban, on Russian oil is set to kick in on December 5 along with a plan by G7 nations to enforce a low price for Russian oil sales
The landmark 500 megaWatts (MW) wind and 500MW solar projects, represent $1.1 billion of investment into the Egyptian economy and takes the company’s clean energy portfolio to 2GW in the country
Price of premium petrol has been reduced marginally for motorists
Fuel committee cut prices by Dh0.02 per litre; since the government decided to deregulate retail fuel prices, the committee updates rates every month
The committee decreased the rates by up to 2 fils per litre after increasing them by up to 29 fils per litre in November
Opec output falls 710,000bpd from October; Opec complies with 163% of pledged cuts in November; Quota-bound members undershoot target by 800,000bpd
Here's how much it will cost to tank up your car this month
Adnoc is sharpening its focus on the gas market as Europe seeks to replace all Russian energy imports as early as mid-2024 after gradual supply cuts since Western sanctions were imposed on the country over its invasion of Ukraine
Petrol prices in the country cost one-third less than the global average
China to speed up Covid-19 vaccinations for elderly; Investors eye next OPEC+ output meeting on December 4; EU fails to agree on Russian oil price cap, say diplomats
RTA plans to expand the tracks to include specific residential areas and 23 new districts in phase II
Project will see passengers zipping from Abu Dhabi to Dubai within 50 minutes
By 2030, the number of passengers is expected to reach more than 36.5 million annually
It will connect 11 cities and regions in the country
Upon completing the entire project by 2025 as a strategic reserve, it’ll be able to store up to 6,000 million imperial gallons of water
Project is part of ongoing efforts to boost Dubai’s economy and enhance the efficiency of the logistics sector
It will be ready by March 2023 and will pass through Delhi, Haryana, Rajasthan, MP, Gujarat and Maharashtra
Txai is operated with the highest safety and security standards, including cameras and sensors
RTA completes 50% construction on Ras Al Khor- Dubai-Al Ain road
12-seater shuttle will transport students, staff around the Sas Al Nakhl Campus
New four-lane bridge, Al Qudra road among projects completed in the past six months
It is time to slow the pace of coming interest rate hikes, US Federal Reserve Chair Jerome Powell said on Wednesday
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.27 per cent to 105.66
Gold is rallying again on the back of a softer dollar, says a senior market analyst
Forex traders said investors will focus on the release of key Indian macroeconomic data for further cues
The new banknote will be available in Central Bank branches and ATMs in the first half of 2023
Revival in semiconductors to drive a rally next year
US crude inventories fall more than expected
Powell bolsters bets for 50 bps US rate hike this month as bond markets rally on hopes of lower terminal rates
The Board of RRPR Holding Private Limited approved Sudipta Bhattacharya, Sanjay Pugalia & Senthil Sinniah Chengalvarayan as their replacements
The precious metal had hit a one-week high on Monday before closing lower for the first time in five sessions
The dollar index, which gauges the greenback’s strength against a basket of six currencies, slipped 0.38 per cent to 106.28
A total of 2,867 transactions was recorded during the period
Average property values in emirate close to four-year high
Portfolio occupancy improves to 84% based on strong leasing activity
Monte Carlo is the latest addition to the Mediterranean-inspired community; Cluster will have 4 and 5-bedroom townhouses and offers an elite experience for the discerning few; Vintage vibe and kids-friendly casino pavilion is a fun play off the Monte Carlo spirit
Palm Jumeirah continues to be the most in-demand area for rental properties in Dubai
This villa is among the few in the area with a custom-made basement parking, which can house six cars
With prime homes transacting for around $800 per square foot, Dubai is one of the most ‘affordable’ luxury residential markets in the world
The agreement will also see the introduction of the first Nobu restaurant in Abu Dhabi; All set on Mamsha Beach, directly opposite Aldar’s Saadiyat Grove development and adjacent to the Guggenheim Abu Dhabi
The developer achieved record-breaking sales through its outstanding offers on newly launched projects that grant investors promising returns through growth-inclined rental yields and value appreciation
Mortgage rates still lower compared to emerging and advanced economies
The emirate's real estate market has broken all records as a result of strong demand, with the most expensive villa being sold for over Dh302 million last month
Medium and long-stay travel across high-growth emerging markets get a digital makeover
It brings the human touch to an industry that lacks it and simplifies the complexity of logistics through its easy-to-use platform and friendly team members
Morphosis Venture Capital Limited, an early-stage venture firm, is laying the foundation blocks as an institution to reimagine the early stage investing model with a strong focus on ESG practices
The app is touted as the first-of-its-kind solution for screen-time management
Four agreements signed so far to facilitate UAE startups’ growth in South Korea, India, Latvia and Saudi Arabian markets
Of the 20 startups in the cohort, nine are UAE-based companies while the remaining 11 have relocated to Abu Dhabi, reinforcing the UAE capital’s ability to attract high-quality companies that continue to build on the global diversity of Hub71’s community
The company helps start-ups, SMEs and fast-growing businesses modernise and streamline their approach with a refreshing new take on software
The country is poised to grow into the Arab world’s most prominent start-up hub amid plans to nurture 20 unicorns by 2031
Three Pakistani nationals — Amna Aijaz, Arafaat Ali Khan and Haroon Tahir — are shaking up the digital merchandise space for pop art
The company offers timely guidance on navigating the world's choppy financial waters
The company invites visitors to enter the next digital universe with the soft launch of its virtual world — e& universe
With over 425 million users, Jio's mission with 5G is to speed up India's transformation into a Digital Society
New business proposition includes special digital benefits
Partnership enables 160 million consumers to send and receive money globally
UAE telco to accelerate its climate action efforts and support the UAE's net zero strategy
Telecom operator records 19.6% growth in net profits during the first nine months of 2022 due to a sharp increase in service revenues and gross margin expansion
New service gives companies option to retain number or change the service provider
Smartworld now rebranded to e& enterprise iot and ai
Thukher’ and ‘Barakatna’ cardholders to avail discount on selected ‘Freedom’ postpaid plans
Latest move enables the 5G evolution and next generation of devices and technologies
Board approves interim dividend of 40 fils per share for H1 2022
Earlier this week, he opened fire on the planet's most valuable company over fees and rules at the App Store, saying it had threatened to oust his platform
Companies race to hire experts who can help combat misinformation
EU industry chief Thierry Breton made the threat during a video meeting with the billionaire
Beyond the tactile experience, it is easy to set up: you download the app on your mobile and pair the device with it
Influencers from around the world to share their knowledge and experience at the two-day One Billion Followers Summit
Since the News Media Bargaining Code took effect, the tech firms have inked more than 30 deals with media outlets
The initial focus will be on vegetables and bakery items, with the possibility of expansion into dairy and meat products in the future
The first two human applications targeted by the device will be in restoring vision and enabling movement of muscles in people who cannot do so, he said
In a series of tweets on Monday, the Tesla boss accused the tech giant of threatening to pull Twitter from its App Store and of trying to censor
Move comes amid concerns about the platform's ability to fight misinformation after it let go half of its staff, including those involved in content moderation
All-in-one crypto investment mobile app is now available to UAE residents to build their portfolio, earn yield and stay updated on the latest crypto news
KT reader asks whether there are any rules regarding maximum amount allowed and methods of transfer
The dollar index, which gauges the greenback's strength against six currencies, fell 0.41 per cent to 105.63, post weak US data and dovish Fed minutes
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.24 per cent to 107.57
It depreciated 66 paise to 81.57 against the US dollar, tracking the strength of the American currency and a muted trend in Indian equities
The new banknote will be available in Central Bank branches and ATMs in the first half of 2023
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.27 per cent to 105.66
The dollar index, which gauges the greenback’s strength against a basket of six currencies, slipped 0.38 per cent to 106.28
However, lower crude prices in the international market and fresh foreign fund inflows restrict the rupee’s fall, forex dealers say
It appreciated to 81.14 against the US dollar in early trade on Tuesday; forex traders said sustained foreign fund inflows have supported the currency
It depreciated 15 paise to 80.93 against the US dollar in early trade on Monday, in line with a muted trend in the Indian equities
The currency has lost 11 per cent since January 2022, and could weaken further due to rising crude oil prices