Dubai Expo 2020 bid: Almost all sectors to benefit

<p>Dubai: The immediate beneficiaries - almost the day after if Dubai wins the Expo bid — will include almost all sectors. That means real estate, construction, logistics, transportation and banks, according to fund managers. But over time, the effect of the Expo will be in stages.</p>.... Read more »

Posted on : 11/29/2013

Smartphone average selling prices are falling drastically

<p>Dubai: The average selling prices of smartphones are going down across the globe as Android has enabled a number of new manufacturers to enter the market, supported by a variety of turnkey processing solutions.</p>.... Read more »

Posted on : 11/29/2013

Expo victory will drive up stocks, create more jobs

<p>Dubai: Wednesday night's announcement that Dubai will host Expo 2020 will have a mixed immediate impact, driving up stocks and job opportunities, while consumer prices remain relevantly unchanged.</p>.... Read more »

Posted on : 11/29/2013

Why BlackBerry is back - and here to stay

<p> <b>Dubai: </b>BlackBerry’s regional office is launching a high-profile media campaign to reiterate its commitment to the market and to its legions of users.</p>.... Read more »

Posted on : 10/15/2013

US default looms with no solution in sight

<p><b>Washington:</b> The United States moved closer to a default that could damage the economy and a partial government shutdown entered its 14th day as Senate Democratic and Republican leaders remained at odds in their last-ditch negotiations to end the fiscal crises gripping Washington.</p>.... Read more »

Posted on : 10/15/2013

US economy grew 2.5% in second quarter

<p><b>Washington:</b> The US economy grew at an annual rate of 2.5 per cent in the second quarter, the Commerce Department said Thursday, leaving its prior estimate unchanged.</p> <p>Analysts had expected that second-quarter gross domestic product (GDP) expanded at a slightly stronger 2.6 per cent pace.</p> <p>The world’s largest economy grew 1.1 per cent in the first quarter.</p>.... Read more »

Posted on : 9/27/2013

China starts to exert influence in oil markets

<p>Beijing: The surge in China’s diesel exports this year has grabbed headlines in the Asian oil products market, overshadowing strong gains in shipments of jet kerosene.</p>.... Read more »

Posted on : 9/27/2013

Boeing optimistic about Mideast sales for its new 777X plane

<p><b>Seattle:</b> With Lufthansa as its first recently announced customer for the new 777X aircraft — the improved version of its long-range 777 aircraft — the Boeing Company is optimistic about procuring orders for the aircraft type from the Middle Eastern airlines, according to a senior executive at Boeing Commercial Airplanes.</p>.... Read more »

Posted on : 9/27/2013

AirAsia India gets no objection certificate

<p>New Delhi: Budget passenger carrier AirAsia on Thursday said its proposal for setting up a new airline has received the no objection certificate (NOC) from the civil aviation ministry.</p>.... Read more »

Posted on : 9/27/2013

UAE markets gain after US decision

<p><b>Dubai: </b>Most Gulf indices ended in positive territory yesterday as retail investors found enough reason to buy shares after US delayed military action against Syria.</p>.... Read more »

Posted on : 9/1/2013