BLOOMBERG  FedEx Corp said it cut 29,000 US jobs over the past year and issued a 2024 profit outlook that fell short of analysts’ expectations as it continues to trim costs in the face of waning package delivery demand. The company is slashing expenses as the industry copes with a decline in package volume following two years of surging demand ...

RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez) has launched ‘open yards’ as a part of its comprehensive facility offerings. Located in the mainland area of Al Ghail Industrial Zone, these units are readily available for businesses seeking expansive and versatile spaces for their operations. With the introduction of these new open yards, investors are provided with ...

DUBAI / WAM The government of the UAE has hosted a workshop, bringing together officials from 40 federal government entities to design and develop the government’s transformation goals system, to boost efforts to revolutionise government work procedures. The workshop focussed on identifying specific objectives that would drive the UAE’s development over the next 10 years, and accelerate transformative shifts in ...