A container ship is unloaded at the Virginia International Gateway terminal in Norfolk, US, on Thursday. Associated Press
May survey data for Dubai’s private sector non-oil economy continued the recent twin themes of strengthening output growth and weak job creation.
After months of hand-wringing about the possible crash-landing of the housing market, investors awaiting quarterly earnings from No. 3 US homebuilder PulteGroup this week were ready for the worst. Their trepidation was justified. New home sales across the country had fallen for three consecutive quarters to close out 2018.
With less than 19 months left for the inauguration of the Expo 2020, its organisers have further speed up the pace of allocating contracts to thousands of local and foreign firms to ensure timely preparation of the event, which is set to be the largest of its kind in the Arab World.
A 63-year-old US-based global non-profit non-partisan organisation into educating the world about Asia is honouring Sheikha Hoor Al Qasimi, daughter of UAE Supreme Council Member and Ruler of Sharjah His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi and Her Highness Sheikha Jawaher Bint Mohammed Al Qasimi, for bridging understanding through the arts and culture.
Sharjah Asset Management (SAM), the investment arm of the Sharjah government, has announced the launch of a new company through its partnership with the largest engineering consulting firm in Malaysia (CHSS).
The Dubai Financial Market (DFM) on Sunday announced that it is reopening its Trading Floor and Customer Affairs counters for investors as of Tuesday, July 7, 2020, with the strict implementation of precautionary measures for the safety of clients and employees.
Dubai’s ease of doing business is expected to improve further following the Dubai Chamber of Commerce and Industry’s announcement that it is cooperating with the Dubai Airport Freezone Authority (Dafza) to connect the digital services of both organisations.
India’s major automobile players reported a sequential uptrend in June, as the rate of sales de-growth decelerated. According to analysts, two-wheelers and tractors off-take on a sequential basis in June showed narrowing of the de-growth rate.