April 24, 2018 | English | عربي
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March 27, 2018

The inaugural edition of Big 5 Heavy, a unique showcase of machinery for the heavy construction sector, opened today (March 26) in Dubai, UAE.

The Big 5 Heavy was inaugurated by Mattar Al Tayer, the director general and chairman of board of executive directors at Roads & Transport Authority (RTA). The event will run till March 28 at the Dubai World Trade Centre.

In its inaugural edition, the Middle East’s largest heavy construction event is hosting Caterpillar’s latest revolutionary"...

Iran central bank bans cryptocurrency dealings
April 23, 2018

Iran’s central bank has banned the country’s banks from dealing in cryptocurrencies, including Bitcoin, over money-laundering concerns, the state news agency IRNA reported on Sunday as the country tries to halt a currency crisis.

“Banks and credit institutions and currency exchanges should avoid any sale or purchase"...


April 23, 2018
Homegrown auto major Tata Motors saw its market share in commercial vehicles (CV) segment in the domestic market inch closer to 44 per cent in 2017-18 riding on its turnaround strategy which aims at regaining lost ground to rivals. According to Society of Indian Automobile manufacturers (SIAM) data, Tata Motors sold a total of 3,76,456 units of CVs in 2017-18 as against 3,05,620 units in 2016-17, a growth of 23.17 per cent. The overall industry CV sales in 2017-18 were at 8,56,453 units in 2017-18 as against 7,14,082 units in 2016-17. In terms of market share, Tata Motors increased it to 43.95 per cent in FY18 from 42.79 per cent in FY17. Last August, while addressing shareholders, Tata Motors Chairman N Chandrasekaran expressed concern over the company's falling CV market share from a high of nearly 60 per cent five years back and emphasised on the turnaround plan for its domestic......

April 23, 2018

Alibaba Group is getting its digital assistant into Mercedes-Benzes, Audis and Volvos in China, enlisting a clutch of global automakers in an effort to popularise the year-old technology for everything from shopping to home security.

Daimler, Volkswagen and Zhejiang Geely’s Volvo join some 100 brands Alibaba says it’s partnered with. The Chinese e-commerce giant has so far sold more than 2 million speakers featuring Tmall Genie, a digital"...

April 23, 2018

Currently 60 per cent of customers from china but tech giant sees 70 per cent of revenue coming from overseas in future.

Despite huge gaps in digital adoption between different industries, the majority of enterprises around the world that are trying to embrace the latest solutions would pave a way for Huawei Technologies’ success in overseas expansion, according to Qiu Heng, the firm’s head of global marketing.


April 23, 2018

Union Properties, the Dubai-based developer that swung to a Dh2.38 billion loss last year, said on Sunday its shareholders dismissed the chairman, and two other board members at the annual general assembly, without giving a reason for the action.

Khalid Al Kalban was ousted as chairman, while board members Ali Al Fardan and Mohammad Al Ketbi were also dismissed, UPP said in a statement to the Dubai Financial Market, where its shares are traded.


April 23, 2018

Dubai-based real estate developer Emaar Properties has approved the distribution of Dh1 billion ($272.25 million) as dividend to the shareholders, representing 14 per cent of the share capital being 14 fils per share at the company’s 22nd Annual General Meeting (AGM) in Dubai, UAE.

This is part of the exceptional cash dividend of Dh4 billion ($1.089 billion) from the proceeds of the public offering of shares of Emaar Development. The distribution of Dh3 billion ($816.8 million) in dividend was approved at"...