Workers assemble a car at the Volvo Cars manufacturing plant in Daqing, Heilongjiang province, China. File/Reuters
The Purchasing Managers' Index (PMI), a key gauge of manufacturing activity, fell to 50.6 last month from 51.3, said the National Bureau of Statistics.
Uber, the multinational ride hailing application, has sold its online food-ordering business in India to local rival Zomato in exchange for a 9.99 per cent stake in the startup. The deal is reportedly worth over $350m or close to Rs2,500 crore. Zomato is backed by China's Ant Financial.
The Phase 1 agreement caps 18 months of tariff conflict between the world's two largest economies that has hit hundreds of billions of dollars in goods, roiling financial markets, uprooting supply chains and slowing global growth.
Emirates and Aeromar have announced that they have entered into an interline partnership, which will provide seamless connectivity for customers between destinations in Mexico and United States via Mexico City to Emirates’ global network.
A total of 1,581 real estate and properties transactions were valued at Dhs7 billion in total during the week ending August,5, 2021, according to Dubai Land Department (DLD).
Dubai Investments (DI), the leading diversified investment company listed on the Dubai Financial Market (DFM), on Thursday reported a 47% surge in net profits to Dhs302 million for the 6-month period ended 30 June 2021