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Author

Michael Grunwald

Global Editor

UAE

UAE consumers to shop, dine out more, but spend less per visit in 2023: Mastercard Economics…

Michael Grunwald Jan 5, 2023
The report expects inflationary pressure to ease in 2023, with the average inflation rate of developed economies falling from 7.1 per cent year-on-year in Q4 2022 to 3.1 per cent…
Read More...
UAE

Uber, Dubai Airports to enhance visitors’ on-ground commute experience

Michael Grunwald Jan 5, 2023
Uber and Dubai Airports will be increasing the capacity of pick-up zones in all terminals, including twelve parking bays, and in-terminal wayfinding Uber has entered a strategic…
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UAE

UAE’s National Bonds, Lulu Exchange ink strategic agreement

Michael Grunwald Jan 5, 2023
The partnership will allow customers to open a National Bonds account or top up an existing account at any one of Lulu Exchange branches in the UAE National Bonds has partnered…
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Business Profiles

Dubai: MMI removes 30% municipality tax levied on alcohol sales

Michael Grunwald Jan 5, 2023
This move is in line with the recent directives from the government of Dubai relating to the purchase and consumption of alcoholic beverages in the city Following the recent…
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Technology

Saudi delivery app ToYou joins forces with BNPL platform Tabby

Michael Grunwald Jan 5, 2023
Tabby will enable users to buy as many times as they want from ToYou, with a single bill at the end of the month without interest or fees Saudi Arabia’s delivery super app,…
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US

New Year’s Eve: 2.1 million riders used public, shared transport, reveals Dubai’s RTA

Michael Grunwald Jan 5, 2023
The figure reflects a 33 per cent rise from last year’s number, which was 1,632,552 riders Dubai’s Roads and Transport Authority (RTA) shared that 2,166,821 riders used its…
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US

Oil edges higher after two-day slump as demand outlook sours

Michael Grunwald Jan 5, 2023
A surge in Covid-19 cases in China has clouded the near-term demand outlook Oil edged higher after tumbling around 9 per cent over two sessions on concerns over the demand…
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US

Sharjah Sat 1 successfully launches from Cape Canaveral, Florida

Michael Grunwald Jan 5, 2023
The expected lifetime of the satellite is three years during which it will monitor X-ray emissions from celestial bodies and other phenomena The Sharjah Sat 1 satellite…
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stocks

Apple stock loses shine as market value drops below $2tn

Michael Grunwald Jan 5, 2023
Delays in the production of iPhones and concern that demand is weakening as the economy slows are said to be contributing factors Investors are no longer turning a blind eye to…
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Iraq

Dubai-headquartered dnata breaks ground on $14m cargo warehouse in Erbil, Iraq

Michael Grunwald Jan 5, 2023
dnata’s latest expansion follows the opening of a new, advanced cool chain facility and a bus maintenance facility in 2022 at EBL Dubai-headquartered air and travel services…
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