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The increases varied according to seniority and were part of a mid-cycle salary adjustment for inflation, with top executives receiving smaller or no increases
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Russia oil exports halted via southern leg of Druzhba pipeline; Recession, demand fears also weigh on market; EU puts forward ‘final’ text to resurrect Iran nuclear deal
The petrochemicals company attributes the increase in profit to higher average selling prices despite an increase in feedstock costs and higher selling and distribution expenses
Federal safety officials have confirmed they will let Boeing resume deliveries of the 787 Dreamliner jet
Occidental’s stock jumped nearly five per cent on Tuesday to trade for $62.89 after Buffett revealed his latest purchases of nearly 6.7 million Occidental shares worth more than $400 million
Recession, demand expectations also weigh on market; Russia oil exports halted via southern leg of Druzhba pipeline
In July, the Dubai PMI rose to 56.4 in July from 56.1 in June, underscoring the resilience of the non-energy private sector economy by showing the best performance since June 2019
The move is aimed at preventing law offenders from fleeing the country
Abu Dhabi investment firm acquires 55.9 per cent of the Egyptian firm at 1.485 Egyptian pounds a share, valuing the company at $34.6 million
Thukher’ and ‘Barakatna’ cardholders to avail discount on selected ‘Freedom’ postpaid plans
Watch: Here is how it sees, thinks and acts to transport passengers to their destinations
The company liquidated about 75% of its holdings in cryptocurrency
The vehicle has no pedals or steering wheels
The platform aims to accelerate the transition to sustainable mobility in the UAE through flexible and convenient electric car-sharing
The emirate has a self-driving transport strategy that aims to convert 25% of all vehicular traffic movements into driverless initiatives by 2030
SUVs continue to dominate the UAE market, making up 50.5 per cent of sales for the first half of the year
Gargash Group forays into the Abu Dhabi market with the opening of Guangzhou Automobile Group Motor showroom in Yas Marina Circuit
Global supply chain issues also lead to longer wait times for new vehicles
The service will operate daily from 3 October
They will be expected to scan bags, load them into aircraft
The airline's shares fell as much as 4.8 per cent on the news
Prospective candidates are not required to register
The move is aimed at preventing law offenders from fleeing the country
Federal safety officials have confirmed they will let Boeing resume deliveries of the 787 Dreamliner jet
The programme supports students who wish to join the aviation, travel services industry
New regulations proposed could be biggest expansion of passenger protection in years
The flight accident scarred few for life, few are still terrified of flying, and others live on with injuries
Contributions come on second anniversary Air India Express flight 1344 collision in Kerala
Speculation is growing that the authority will have to announce a third successive 75 basis-point increase next month
As of June 28, 2022, the 30 banks in the Middle East had a total market value of $586.6 billion and assets worth $2.5 trillion
The initiatives deployed by EDB are part of its new strategy to support the UAE’s industrial growth, adoption of advanced technology, enhancement of the role of SMEs and promotion of innovation and entrepreneurship through its tailored suite of products and services
There was also a sharp jump in the foreign currency assets and gold reserves
The increases varied according to seniority and were part of a mid-cycle salary adjustment for inflation, with top executives receiving smaller or no increases
The number of adults in the UAE with a neobank account grew to 19 per cent this year, up from 17 per cent in 2021
Declines on Tuesday were led by economically-sensitive sectors
It spiked to a near-four-year high of 6.4 per cent in June
Accordingly, the MPC decided to increase the policy repo rate by 50 basis points to 5.40 per cent
Strong quarterly top-line results hitting all-time high; Total revenue in Q2 2022 increased by 32.3% year on year to Dh927 million; The board of directors approved an interim dividend of 10 fils per share for H1 2022
Last December Mimecast announced its intention to be acquired by Permira, a global private equity firm focused on transformational growth at scale, for $5.8 billion
The partnership builds on Mastercard’s commitment to creating meaningful connections with consumers by tapping into their passions
The inaugural edition of the World Corporate Summit is an exclusive invitation-only event organised with a mission of enabling collaborative dialogue to enable a new era of global economic growth in a post-pandemic world
Online platforms may impact up to 40% of Mena retail spend and serve more than 20 million micro, small and medium-size enterprises
The ADX-listed company said it secured all regulatory approvals and reduced its share capital to Dh1.435 billion from Dh2.325 billion to absorb all the accumulated losses
Free cash flow increased to $789 million in second quarter of 2022 from $328 million in the corresponding quarter last year, supporting a first half dividend of $750 million, above previous guidance of at least $700 million
Borouge says its net income increased 2.5 per cent to $853 million; Multiply Group declares Dh462 million in net profit; Response Plus Holding posts a net profit of Dh20.6 million
The experts at the Play Lab are on the cutting edge of early childhood development and learning, including play, educational, and parenting trends
Expo 2020 effect continues to push the attractiveness of properties for foreign investors
IHC has provided capital to Adani Green Energy Ltd, Adani Transmission Ltd, and Adani Enterprises Ltd, which are all listed on the Bombay Stock Exchange and National Stock Exchange in India – through the preferential allotment route
It comes in fourth behind Hong Kong, US, Switzerland
They made illegal trades in at least 25 different crypto assets, prosecutors say
Electric-car manufacturer disclosed in February 2021 that it had invested $1.5 billion in the cryptocurrency company
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Bitcoin jumps more than 17% in July, its best performance since October. Ether rises 57%, its strongest monthly gain since January 2021
Hundreds of letters have poured in to the judge overseeing the firm’s multi-billion-dollar bankruptcy and they are heavy with anger, shame, desperation and, frequently, regret
Celsius owes $4.7 billion to its users, according to a court filing earlier this month
In the first half of the year, VCs bet $17.5 billion on digitial currency, blockchain startups
This comes a month after it froze withdrawals
It has claims of over $650 million against Singapore-based Three Arrows Capital
Month-on-month, consumer prices rose 2.37 per cent in July, the Turkish Statistical Institute said, below a Reuters poll forecast of 2.9 per cent. Annually, consumer price inflation was forecast to be 80.5 per cent
Overseas workers will only be able to use half their remitted funds for the purchase, which can have a maximum value of $65,000
Generation Z and those with low credit scores are falling behind on credit card bills, auto loans and accumulating debt
A series of purchasing managers’ indexes for July showed new orders falling in the manufacturing powerhouses although they did show price pressures may be waning
MoU to offer special incentives to new creative economy businesses
Oil revenues surge 90 per cent compared to a year ago
This is the biggest interest rate increase in more than 27 years
Bangladesh’s $416 billion economy has been one of the fastest-growing in the world for years, but rising energy and food prices because of the Russia-Ukraine war have inflated its import bill and the current account deficit
Currency records second worst monthly performance in July by shedding 17% of its value
The Middle East’s largest economy has benefited from a spike in oil prices triggered by Russia’s attack on Ukraine, and has largely resisted appeals from Western countries to raise output in order to bring prices down
Saudi Arabia and the UAE could pump “significantly more”, but would only do so if the supply crisis worsened
Over 80% of the contract value will flow back into the UAE’s economy under Adnoc’s In-Country Value program
Brent crude futures were down 14 cents cents, or 0.1 per cent, at $100.40 a barrel by 1337GMT. West Texas Intermediate (WTI) crude futures slipped by 31 cents, or 0.3 per cent, to $94.11
Plant is the Republic of Azerbaijan’s first foreign investment-based independent solar power project, and Masdar’s first project in the nation; Masdar signed implementation agreements with Azerbaijan’s Ministry of Energy in June to develop solar and wind projects with a combined capacity of as much as 10GW
Erasing earlier gains, Brent crude futures were down $1.54, or 1.6 per cent, at $93.38 a barrel by 1128GMT. US West Texas Intermediate crude was at $87.63 a barrel, down 41.38, or 1.6 per cent
The utility’s preventive maintenance work for its energy transmission network makes its grid the best worldwide
Company implementing all options to ensure uninterrupted export of Murban crude oil
The demand outlook remains clouded by increasing worries about an economic slump in the United States and Europe, debt distress in emerging market economies, and a strict zero Covid-19 policy in China
The country will host the 28th United Nations Climate Change Conference of the Parties next year
White House has been pressing the group to step up production to tame prices
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
Spot gold was trading at $1,771.62 per ounce, down by 0.2 per cent at 9.15am
Analysts and forex experts caution that the political instability will continue to weigh on the rupee's future and may slow the recovery pace in coming days
How mutual funds can play the crucial role of an essential investment toolkit for young parents preparing to fulfill their children’s dreams
Family-owned company operates over 220 branches in UAE
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Leadcapital Corp Ltd offers a free online course on investing, entertainment, and learning if you are interested in learning to invest in the stock market.
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Spot gold was trading at $1,785.82 per ounce at 9.20am UAE time
Dubai’s main share index closed one per cent higher, with Shariah-compliant lender Dubai Islamic Bank rising 1.7 per cent and Dubai Investments up 5.6 per cent
The currency depreciated by 39 paise to close at 79.63 against the US currency on Monday
Gold and silver prices are solidly higher already on safe-haven demand as China-Taiwan-US tensions have escalated this week
There are some positive news for the economy and the rupee’s recovery is reflected the market sentiments
Turnaround strategy continues to drive cost efficiencies with administrative and general expenses down 32% year-on-year
There are several costs that clients are required to pay apart from the purchasing price, however we wouldn’t call these hidden costs, as these are discussed during the process of buying the property
Expert clarify about banks financing real estate down payment in the country
It’s critical to work with a professional and licensed broker when purchasing a home, an expert says
Emirates issues new reporting requirements for transactions as part of its efforts to strengthen regulatory framework
Dubai is set to perform the strongest for the remainder of 2022 as high net worth individuals and investors flock to the emirate after successful strategy against Covid-19 pandemic and recent visa reforms
Trend is more common among young couples who prefer studio and 1BHK apartments
Occupier demand has been strong on the back of a buoyant local economy where companies are crystallising their expansion plans, and amid an influx of senior executives, business owners and High Net-worth Individuals
Startups that will thrive in this evolving ecosystem will become the ecosystem, thus fuelling the two economies
The boutique digital marketplace offers consumers a whole new online shopping experience
New mechanism uses data points to help home-seekers find most responsive agents
Shipsy’s intuitive platform provides complete visibility of first, middle and last-mile operations
The company will use the new funding to expand services, especially logistics, and fill gaps that appear in supply chains
Palem was founded by husband and wife duo Selim and Juliette Barken to create responsible and desirable collections
Consultants can bridge gap between clients and flexible talent needs
Under the agreement, Hub71 will underwrite the costs of its startups who are incorporating their ADGM companies through Clara
A Dubai-based (AI)-driven platform aims to build a future-proof business to help free up human time to achieve more
Company aims to boost sustainability through food, by cutting the travel times and distance of produce
Imbesat Ahmad, CEO of world’s only live tutoring platform Filo, recounts his incredible journey as the game-changing start-up debuts in the region
Residents urged not to respond to any 'important and urgent' message links
New service enables customers to link their postpaid mobile phone number to a short number #TAG
Emirates Auction, etisalat by e& launch first auction for short mobile phone numbers
The global top 5 ranking is led by UAE with 97 per cent, followed by Singapore (95.8 per cent), China (94.9 per cent), South Korea (91.1 per cent) and Hong Kong(86.2 per cent)
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
Narendra Modi’s government plans to roll out 5G networks offering up to 10 times the speed of 4G to its 1.4 billion population before the end of the year
At Telecoms World Middle East 2022, Etisalat UAE chief reiterates the importance of enhanced connectivity and digitisation for consumers and businesses in the next era of digital economy
The telecom major recorded a 10.4 per cent growth in mobile customers to 7.5 million subscribers across the post-paid and prepaid segments
Most Noble Numbers auction boosts donations collected by UAE’s 1 Billion Meals Ramadan initiative to Dh391 million
Tesla CEO starts a poll asking users whether less than 5 per cent of Twitter daily users are fake/spam
Attacks related to data loss threats, scams or social engineering have increased 230 per cent, say experts
It did not confirm a report that data on 5.4 million users was offered for sale online
He is selling a baseball card featuring a very young Mark grinning in a red jersey and gripping a bat
More than 40,000 people worldwide were reporting issues
The site, built by long-time Washington journalists, quickly built a brand during the presidency of Donald Trump
The fraudsters say they are texting from a new number as they have lost their old phone
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HONOR 70 First Impressions– The Ultimate Vlogging Companion with Industry first Solo Cut Vlog Mode
In today's era of social media, many of us turn to videos to tell a story or share our thoughts.
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Anti-monopoly and privacy advocates express concern about Amazon’s market power and ability to gain deeper insights into consumers’ lives
Twitter sued the Tesla CEO after he tried to back out of a $44 billion deal to buy the social media company
The company may sell $8-10 billion in debt, as per a Bloomberg news agency report
RBI study shows flow of remittance declined to about 30 per cent in 2020-21
Indian rupee hit a record low of 80 against the US dollar
'I fear it will go down further', says official
The rupee slid 3 per cent against the dollar on Tuesday
It depreciated to 78.80 against US dollar on Wednesday
Several factors including escalating domestic political tension, low foreign exchange reserves have contributed to the free-fall of currency
It fell to 79.88 against the US dollar
Currencies of both countries hit record lows against US dollar
The currency closed at 79.92 against the US dollar on Tuesday after breaching 80
Lower forex reserves pose concerns for the country's current account deficit
The currency, on Monday, closed at an all-time low of 79.45 against US dollar