Sharjah / WAM The UAE has a fast growing market for luxury products that is driven by high demand from citizens, residents, tourists, and especially from the younger generation, who are keen to keep up with the latest trends, and who are vastly interested in the luxury brands of the watch and jewellery industry. The MidEast Watch and Jewellery Show, ...
Read More »
Abu Dhabi / WAM The number of hotel guests staying in Abu Dhabi during August rose by 10.5 percent compared to the same month in 2017, with double-digit growth in most key source markets underpinning the upward trend, latest figures released by the Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, for the emirate’s hospitality sector have ...
Read More »
Bloomberg Gunmen attacked a military parade in Iran’s southern city of Ahvaz on Saturday, killing at least 29 people and injuring 53, state-run Islamic Republic News Agency reported on its website, citing an “informed source†it didn’t identify. Members of Iran’s Revolutionary Guards and civilians, including a child and a journalist, were among those killed, the semi-official Tasnim news agency ...
Read More »
Bloomberg The venture capitalists of China are starting to get nervous. Venture investments have driven a boom in technology startups over the past five years, but funding has started to slow in recent months. Now the government is floating new tax policies that could hammer investors, persuading some to pull back on cutting deals until they get more clarity. The ...
Read More »
Bloomberg President Donald Trump’s trade war with China is turning the global soybean market into a merry-go-round. With Brazilian exports drying up at this time of the year, traders are having to get creative to supply the world’s largest buyer. One strategy is to bring US soy to Argentina and ship the South American nation’s output to China, thereby avoiding ...
Read More »
Bloomberg The White House has drafted an executive order for President Donald Trump’s signature that would instruct federal antitrust and law enforcement agencies to open investigations into the business practices of Alphabet Inc.’s Google, Facebook Inc. and other social media companies. The order is in its preliminary stages and hasn’t yet been run past other government agencies, according to a ...
Read More »
Bloomberg Uber Technologies Inc. is in early talks to buy food-delivery company Deliveroo for several billion dollars, according to people familiar with the plans. A bid for London-based Deliveroo, last valued at more than $2 billion, would mark a major attempt by Uber to dominate the food-delivery business in Europe. An acquisition price is unknown. Any offer would need to ...
Read More »
Bloomberg Arnold Kamler has experienced the trade dispute between President Donald Trump and China first hand, and is trying to respond as quickly as possible. His company, Kent International Inc., assembles about 400,0 00 bikes annually at its factory in Manning, South Carolina. But this is no shield from the latest round of tariffs, since — in an effort to ...
Read More »
Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, said the historic Jeddah Peace Agreement, signed recently by Eritrea and Ethiopia, has crowned a series of positive steps that have ended the conflict between the two neighbouring African countries. Eritrean President Isaias Afwerki ...
Read More »
Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired on Wednesday at his office in Emirates Towers the annual brainstorming session with his team. The meeting agenda detailed new ideas and future plans. During the meeting, His Highness said the UAE has become a model for ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.