Washington: Intel Corp. said third-quarter revenue will disappoint and announced more than 15,000 job cuts, after the company lost business to rivals better equipped for the artificial intelligence boom. Shares fell more…
Tag: costs
Lufthansa to raise fares by up to 72 euros as environmental costs increase
Lufthansa will add an environmental charge of up to 72 euros ($77) to its fares, the airline group said on Tuesday, joining at least one European rival in doing so as the…
Rising medical insurance costs: Limit avoidable costly medical bills, to save
Dubai: The cost to insurers covering your medical insurance claims has been increasing every year, as evidenced by data published by the Central Bank of UAE (CBUAE). But for plans aside from…
Amidst high profits, UAE listed companies' Q1-2024 results also show these costs
The UAE’s earnings season kick-started the year with two basic themes: Whilst the latter had a differential impact across sectors, it drove home the point that focusing on EBITDA, as opposed to…
Rising medical insurance costs? UAE residents and healthcare operators must do some hard thinking
It is a fact that the cost to insurers of covering health insurance claims in UAE increases by between 10-12 per cent per annum. This ‘inflation’ rate is described as a ‘medical…
US Fed's preferred inflation gauge ticks up as fuel costs rise
Washington: The US central bank’s favored measure of inflation edged higher last month on the back of rising fuel prices, according to government data published Friday, but another gauge stripping out volatile…
Oil supply cuts to stay until mid-2024: Will my fuel costs now rise or fall?
Dubai: With the world’s major oil-producing countries announcing on Sunday how they plan to keep their output of crude oil low until June, you would have wondered how such decisions would impact…
Plug and drive? Decoding costs of buying vs leasing an electric car in the UAE, in 2024
Dubai: Were you hoping to get a new electric vehicle (EV) this year, but are high costs keep holding you back? While owning an electric car is still considered a distant dream…
UAE-US airfares: Travellers find ways to bring their ticket costs to less than Dh3,000
Dubai: UAE travellers to the US hoping to keep their airfares to the lowest possible are coming up with a new strategy to make it happen. And that means keeping travel costs…
As Red Sea issue flares, UAE, Saudi businesses look to suppliers outside of Europe – and keep costs down
For some UAE businesses, the contracts and long-standing working relationships with European suppliers matter, whatever be the short-term pressures. “Many of the deals we signed were negotiated prior to the most substantial…