Dubai: Soon, UAE residents can once again make travel plans without having to pay a super-premium on their airfares. After a longer stretch of high ticket rates this year – the Eid…
Tag: drop
In Dubai property, offplan sales keep gaining, but ready sales drop
“While the market continues to grow month-on-month, it is beginning to slow down, a trend likely to continue over the next year,” said Lynnette Sacchetto, founder of RealTrust. “This shift will be…
UAE's Al Ansari Financial Services feels impact of corporate tax in H1-2024 profit drop
The remittance generated operating income was 6 per cent higher relative to the second-half of 2023, but showed a ‘modest’ year-on-year decline. “This indicates a positive trajectory for the remittance business and…
Nike's biggest drop in 23 years raises pressure on CEO Donahoe
Nike Inc.’s management team, led by Chief Executive Officer John Donahoe, is facing growing criticism from Wall Street as a prolonged sales slump sparks the stock’s biggest rout since 2001. The world’s…
A sudden rise and a dramatic drop: What exactly happened to Singapore Airlines flight?
Dubai: A Singapore Airlines flight fell into an air pocket while cabin crew was serving breakfast before it encountered turbulence, prompting the pilots to request an emergency landing. Get exclusive content with…
Global interest rate cuts to get delayed further: Will your savings drop?
Dubai: Although interest rates stopped rising across the world, borrowing has been expensive up until now. If you were hoping to borrow at more affordable rates, especially with multiple interest rate cuts…
Starbucks posts first sales drop since 2020 amid global pullback
“Starbucks reported what’s perhaps the worst set of results of any large company so far” this quarter, said Adam Crisafulli, an analyst with Vital Knowledge, in a note. William Blair downgraded its…
Apple loses top phonemaker spot to Samsung as iPhone shipments drop, IDC says
Global smartphone shipments increased 7.8 per cent to 289.4 million units during January-March, with Samsung, at 20.8 per cent market share, clinching the top phonemaker spot from Apple. The iPhone-maker’s steep sales decline comes after its…
UAE mandates health insurance for private sector: Will premiums drop?
“According to the new system, employers in private sector companies along with employers of domestic workers in the UAE are required to pay for the health insurance coverage for their registered workers…
Battery price war: $3,000 drop in cost seen this 2024
Are you intimidated by electric vehicle (EV) prices? It may not last that long. An anticipated plunge in lithium-iron-phosphate (LFP) battery prices – up to 50 per cent in 2024 – could herald…