Dubai / Gulf Time Businessman and investor Dr Ossama Alasmar confirmed that Dubai is a globally sought-after destination for investors. He said, “I have decided to transfer all of my business operations from Germany to the promising emirate to take advantage of the thriving activity, and momentum Dubai offers.” As a successful businessman who has established several leading companies …

  Bloomberg Procter & Gamble Co (P&G) sold fewer household staples than expected last quarter as consumers grew more cautious about higher prices. The total volume of goods sold fell 6% in the three months ended in December, worse than the 2.6% that analysts had estimated. Chief Financial Officer Andre Schulten said consumers are using up the products in their …

  Bloomberg US retail sales fell by the most in a year and business equipment production slumped, raising concerns that the economy is losing momentum under the weight of tighter Federal Reserve policy. The value of overall retail purchases broadly fall 1.1% in December after a downwardly revised 1% drop in the prior month, Commerce Department data showed. Separate figures …