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    Airline giant IAG logs €3.8 billion loss on coronavirus

    Airline giant IAG logs €3.8 billion loss on coronavirus

    31 Jul 2020

    Airline conglomerate IAG, the owner of British Airways, on Friday posted a first-half net loss of €3.8 billion ($4.5 billion) due to the "devastating" impact of coronavirus. ...

    Schlumberger slashes 21,000 jobs amid pandemic

    Schlumberger slashes 21,000 jobs amid pandemic

    24 Jul 2020

    Schlumberger is cutting more than 21,000 jobs as the global coronavirus pandemic quashes demand for energy and oil prices are routed. The company will pay more than $1 billion in...

    Billionaire Musk’s net worth zooms past Warren Buffett’s

    Billionaire Musk’s net worth zooms past Warren Buffett’s

    11 Jul 2020

    Elon Musk's net worth soared past Warren Buffett on Friday as the chief executive officer of Tesla Inc became the seventh richest person in the world, according to the Bloomberg...

    India’s major automobile players post sequential uptrend in June

    India’s major automobile players post sequential uptrend in June

    05 Jul 2020

    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...

    Dubai Tourism shares industry outlook with stakeholders

    Dubai Tourism shares industry outlook with stakeholders

    04 Jul 2020

    Business Bureau, Gulf Today The Department of Tourism and Commerce Marketing (Dubai Tourism) hosted a virtual forum for stakeholders and partners to share its industry outlook ahead of the...

    Implementation of mSMEs coalition project begins

    Implementation of mSMEs coalition project begins

    02 Jul 2020

    The Abu Dhabi Department of Economic Development (ADDED), announced that it is implementing the micro, small and medium-sized enterprises, mSME, coalition project in cooperation with more than 40 federal and...

    Dubai emerges as a strong hub for tech by attracting top brands

    Dubai emerges as a strong hub for tech by attracting top brands

    26 Jun 2020

    Inayat-ur-Rahman Dubai has established a strong startup ecosystem that attracted leading international brands to invest in the emirate’s technology sector, an industry veteran said. In an exclusive interview...

    Automakers speed up US plants as demand recovers from slump

    Automakers speed up US plants as demand recovers from slump

    20 Jun 2020

    Automakers are speeding up US assembly lines to meet recovering demand, increasingly confident coronavirus safety protocols are working to prevent outbreaks in their plants but wary of the challenges workers...

    Lufthansa warns of threat to its $10 billion bailout deal

    Lufthansa warns of threat to its $10 billion bailout deal

    17 Jun 2020

    German airline Lufthansa , responding to investor criticism of a state-backed rescue deal, warned it might need to apply for protection from creditors if the bailout plan failed to win...

    Pakistan clears $7.2 billion railway project linking it with China

    Pakistan clears $7.2 billion railway project linking it with China

    07 Jun 2020

    Pakistan has approved $7.2 billion railway line upgradation project between Peshawar and Karachi under the China Pakistan Economic Corridor, CPEC. The approval of the project to upgrade the 1,872...

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