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India’s $2.8tr stock market braces for ‘correction’
India’s shares might witness more correction on account of rising bond yields and the second wave of Covid-19. READ MORE
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Local Business
Square Yards ends FY21 with $50m revenue
The company registered its sixth consecutive profitable quarter in Q4, clocking a revenue of $17.2 million. READ MORE
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Local Business
UAE hotels bounce back with surge in occupancy
The country’s fast rebounding hospitality sector posted in Q1 a 27.6 per cent jump in average length of stay in hotels to 4.3 nights compared to the same period last year. READ MORE
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Local Business
Aldar Q1 net profit grows 80% to Dh544m on higher sales
One-off gain due to an earlier transaction with ADQ also boosts profit. READ MORE
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Local Business
Dubai records strongest demand growth in 18 months
A purchasing managers’ survey revealed that during April, Dubai’s non-oil private sector showed a speedier rebound as business conditions were strengthened by marked increases in output and new business. READ MORE
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Local Business
BACnet welcomes Netix as gold member
Building automation systems provider focuses on remote connectivity, seamless integration and future-ready technology. READ MORE
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Local Business
Ethereum breaks $4k barrier as investors remain bullish
The two big names in the $2.2 trillion cryptocurrency market remain Bitcoin and Ether, the coin that fuels the Ethereum network. READ MORE
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Local Business
Dubai’s realty posts Dh1.03b deal
Al Hebiah Third recorded the most transactions for this week by 14 sales transactions worth Dh28.98 million. READ MORE
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Local Business
Rak Ceramics posts Dh62.7m net profit
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Local Business
Emaar Properties’ Q1 net profit rises to Dh657m
The developer said on Monday that it achieved a significant 83 per cent increase in sales to Dh7.115 billion READ MORE
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Local Business
Jittery FPIs in pullout mode as India grapples deadly virus resurgence
The bearish trend last month came after incessant buying in the preceding six months. READ MORE
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Local Business
‘Invest in Dubai’ records robust growth
The innovative platform also issued 3,464 commercial licences and created 9,181 jobs across different economic sectors, reflecting Dubai’s growing position as a leading global business destination for investors and entrepreneurs locally and globally READ MORE
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