Sri Lanka's chance to put on Asian tiger stripes
London: Sri Lanka is grooming itself to be Asia’s next tiger only five years after a bloody civil war.
Etihad, Alitalia offer concessions in bid for EU approval for stake deal
BRUSSELS: Etihad Airways and struggling Italian carrier Alitalia have offered concessions in a bid to win European Union antitrust approval for the Abu Dhabi airline’s plan to acquire 49 per cent of Alitalia.
Dubai's developers now have an eye on finish line
Dubai: Dubai’s developers are now starting to use completion timelines as a unique selling point for off-plan projects. With demand for ready properties continuing to run high, and simultaneously depleting available stock, developers are rushing in to build new and, just as important, deliver within the shortest possible time frames.
Oil rises to $87 ahead of Fed statement
London: Brent crude oil rose to $87 (Dh319) a barrel on Wednesday as traders anticipated that the Federal Reserve would keep US interest rates low, putting pressure on the dollar.
Smartphone makers aim to cash in on selfie trend
Dubai: Smartphone photography is transforming this into the era of the selfie, and manufacturers are focusing on the trend to keep it up.
Facebook has no near-term plan to monetise WhatsApp: CEO
New Delhi: Facebook Inc, which closed its acquisition of mobile messaging service WhatsApp on Monday, has no near-term plan to make money from the service, Chief Executive Mark Zuckerberg said on Thursday. Zuckerberg, who is visiting India to participate in an event to boost Internet usage, did not give details.
Dubai to have Dh30b worth of projects for Expo 2020
Dubai: Projects worth Dh30 billion will be built across Dubai to further enhance the emirate’s infrastructure in time to host Expo 2020, a senior official announced at the Dubai International Project Management Forum in Dubai on Monday.
World on the brink of an oil price war
London: A group of the world’s most powerful oil ministers will soon gather in Vienna to take arguably one of the most important decisions that could affect the still fragile world economy: whether to cut production of crude to defend prices at $100 (Dh367) per barrel, or keep open the spigots as winter looms among the biggest energy-consuming nations?
4K TVs have become affordable now, retailers say
Dubai: Sales of ultra high-definition (UHD), also known as 4K, TVs are soaring as prices get aggressive and affordable for consumers.
The 4K TVs boast a pixel format of 3840 x 2160 pixels, four times that of current 1920 x 1080p Full HD TVs, and have great clarity and depth.
Saudi Arabia pivots towards Asia for oil exports
Asian refiners may be about to get a welcome boost from major oil producer Saudi Arabia, which is likely to keep lowering the cost of crude to the region. Saudi Aramco, the kingdom’s state oil producer, looks set to again cut the official selling prices (OSPs) for November cargoes when details are published shortly.