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UAE online travel sales set to reach AED17bn

DUBAI / WAM The value of the UAE’s online travel sales in 2018 is forecast to reach AED17.3 billion, driven by a growing population, increasing number of tourists, and UAE residents’ shift towards digital services, a new analysis from the Dubai Chamber of Commerce and Industry revealed. The analysis, based on recent data from Euromonitor International, found that direct online ...

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Oil heads for first annual slump in 3 yrs

Bloomberg Oil headed for its first annual decline since 2015, slumping more than 20 percent in a turbulent year that saw fears of supply scarcity turn to expectations of a surplus. Crude surrendered early gains on Monday and fell as much as 1.3 percent in New York, on track for the worst quarterly drop since the last oil market crash ...

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DP World invests $3bn in acquisitions, expansions

Dubai / WAM DP World, Dubai-based global operator of shipping terminals, diversified its global business portfolio through investments and acquisitions worth $3 billion in 2018, the company said. It also deepened its engagement with revolutionary new technologies and extended meaningful support to environmental initiatives around the world during the year, achieving strategic growth in diverse fields, it said. The headline ...

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