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0.37
Takreem turns 10: Pioneers gather from across Arab world in prelude session - Dotemirates
15/03/2019

Takreem turns 10: Pioneers gather from across Arab world in prelude session

Takreem, the annual awards ceremony that awards Arab excellence in the fields of science, business and more, held its Selection Board Dinner yesterday at the Boustan Hotel in Lebanon. Jury members, previous winners, and the press were all in attendance. The dinner was preceded by a session aptly named “Voice Your Dreams, where remarkable Arab men and women shared memorable emotional experiences, human stories and their dreams for a better Arab world. Among the themes discussed were the importance of Arab women, Arab excellence in science, humanitarian achievements, and more. “It is through collective voices coming together that we try...


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No changes planned in multi-brand FDI policy: Piyush Goyal

London: India's foreign direct investment (FDI) norms in the multi-brand retail sector are a very well thought out policy which are unlikely to change any time soon, commerce and industry minister Piyush Goyal said on Tuesday. Speaking on the sidelines of an India Day event organised by the UK's Department for International Trade (DIT), the minister said the 49 per cent FDI threshold in multi-brand retail must be respected in letter and spirit by all foreign brands. Britain's prime ministerial frontrunner Boris Johnson had recently expressed his disappointment at UK retailers like Sainsbury's and Waitrose not being able to set...
16/07/2019

UAE realty set to stabilise

After facing headwinds during the first half of 2019, the UAE real estate sector is likely to stabilise over the next 12 months on the back of a series of government initiatives aimed at boosting sentiment and drive demand, property experts said. "Overall market sentiment should improve in the long run with the announcement of stimuli such as the new visa regulations. While the benefits of these initiatives are not likely to have an immediate impact, we do expect some sectors of the real estate industry to pick up in the run up to 2020," said Dana Salbak, research associate...
16/07/2019

How to use your rental payments to become an owner

Arecent Property Finder research survey found that 47 per cent of those polled who rent wish to continue to do so and are not interested in purchasing a home. A smaller percentage are either actively looking to buy or are considering to do so in the medium term, but nearly all are finding difficulty with the down payment requirement and the current options for financing. For many, the idea of owning an expensive asset in a foreign country is daunting. Yet many are spending tens of thousands of dirhams each year on rent, and while we are receiving something in...

Rupee falls 17 paise against USD on rising crude, capital outflow

Mumbai: The rupee on Tuesday depreciated by 17 paise to close at 68.71 against the US dollar due to rising crude oil prices and foreign fund outflows. A strengthening US dollar against major currencies overseas also weighed on the rupee sentiment, forex traders said. However, sustained buying in the domestic equity market restricted the rupee's fall, they added. At the interbank foreign exchange (forex) market, the domestic currency opened lower at 68.59 per dollar, and further lost ground to touch the day's low of 69.76. The rupee finally settled at 68.71, down 17 paise over its previous close. The rupee...
16/07/2019

Amazon workers strike as ‘Prime’ shopping frenzy hits

SAN FRANCISCO: Amazon workers walked out of a main distribution center in Minnesota on Monday, protesting for improved working conditions during the e-commerce titan’s major “Prime” shopping event.Amazon workers picketed outside the facility, briefly delaying a few trucks and waving signs with messages along the lines of “We’re human, not robots.”“We know Prime Day is a big day for Amazon, so we hope this strike will help executives understand how serious we are about wanting real change that will uplift the workers in Amazon’s warehouses,” striker Safiyo Mohamed said in a release.“We create a lot of wealth for Amazon, but...

Expect Rs 25,000-crore order book by 2024: Defence PSU

Hyderabad: Bharat Dynamics Ltd is expecting a total order book of Rs 25,000 crore in the next five years, its chairman and managing director Commodore Siddharth Mishra (retd) said on Tuesday. The defence public sector undertaking (PSU) is developing third generation missiles and also looking at fourth and fifth generation ones in collaboration with other Original Equipment Manufacturers (OEMs), he told reporters here. "We have the current order book of Rs 8,084 crore to be executed by 2023-24. We are expecting another Rs 8,000 crore in the next two years and we will have potential (expecting) orders of around Rs...