Sharjah / WAM More than 61,000 licenses were issued and renewed during 2021 in Sharjah, with a growth rate of 8% compared to 2020, the Sharjah Economic Development Department (SEDD) said in its annual report. This comes within the wise vision of HH Sheikh Dr Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, to meet ...

  Dubai / WAM Dubai has consolidated its position as a leading destination for international business events in the first half of 2022, securing the rights to host major conferences, congresses, incentive travel programmes and other meetings over the forthcoming years. Over the first six months of 2022, Dubai Business Events (DBE), Dubai’s official convention bureau, collaborated with stakeholders across ...

The history of warfare has no precedent for what is happening right now in Zaporizhzhia, Ukraine. Never before has a nuclear power plant been on the front line of a major war, and indeed a main object of the warring parties’ strategies. How Russia, Ukraine and the rest of the world handle this moment of peril is becoming a test ...

One may earn a high salary, but only real estate can build up wealth — for decades, that’s been the Chinese mentality. Real estate accounts for roughly 70% of China’s household wealth, and as much as 30% of its economy. But China Evergrande Group’s debt blowup, with the tumbling home prices and mortgage boycotts that followed, have sent the economy ...

  Investors are eager to understand what’s happening at FedEx Corp’s Ground unit, which has been the company’s crown jewel of rising sales and profit for a couple of decades. That’s why almost a dozen Wall Street analysts and two big FedEx investors traveled to Las Vegas over the weekend to hear the view of contractors that make the last-mile ...

  Last week’s enactment of the 2022 budget-reconciliation bill, also known as the Inflation Reduction Act, is being treated by many analysts as a major turning point in Joe Biden’s presidency. As recently as last month, when it looked like Congress might not pass reconciliation legislation this year, conventional wisdom in Washington suggested that Biden was a failing president who ...

  Bloomberg London Gatwick airport said it will end capacity caps this month, bringing some relief to travelers as schedule reductions at the UK capital’s larger Heathrow hub continue through the winter season. Gatwick, controlled by French builder Vinci SA, has hired 400 security staff to help resolve a labour crunch while delegating other workers to address shortages at airport ...

  Bloomberg Financially troubled Indian carrier SpiceJet Ltd is open to investment from external parties, including other airlines, as it seeks to raise 20 billion rupees ($250 million), Chairman Ajay Singh told reporters in New Delhi. Singh declined to say what other carriers SpiceJet may be in discussions with but indicated an equity stake sale may be one option. SpiceJet’s ...

  Bloomberg Global consumer giants selling everything from jewellery to t-shirts saw sales in China tumble in their most recent quarter as Covid Zero lockdowns hammered consumer demand in the world’s second-largest economy. Starbucks Corp was particularly hard hit, reporting a more than 40% drop in sales in the quarter ended on July 3. The company began the period with ...

  Bloomberg The unraveling of the latest meme stock frenzy is accelerating as bad news for one of the most popular retail-trader favourites piles up and investors dump riskier assets. Bed Bath & Beyond Inc tumbled 16%, marking a now three-day drop that’s erased 60% of its market value, after a report some suppliers were restricting or halting shipments altogether ...