Tuesday , January 23 2018
ruenar
Home / Economics (page 20)

Economics

Dominant Spotify crosses 60m subscribers

Music streaming giant had more than double the base of nearest competitor Apple Music Image Credit: Reuters Spotify. New York: Spotify said Monday that it had 60 million paying subscribers, expanding its lead in the fast-growing world of music streaming. The Swedish company has more than double the base of …

Read More »

Tech jitters hit emerging-market stocks at record valuations

Investors are increasingly on edge about historically high equity valuations Image Credit: Bloomberg A securities brokerage in Shanghai. In the broader emerging-market index, the five biggest contributors to the gauge’s advance this year are technology shares. Surging valuations for emerging-market technology shares are giving some investors pause. Growth stocks are …

Read More »

Air France puts passenger on wrong flight, in wrong name

Airline launches investigation into how 45-year-old ended up in Athens instead of Copenhagen Image Credit: AFP Air France planes at Marseille airport. The union approved Air France’s plans by a majority of just over 78 per cent. Copenhagen: Air France on Thursday said it was investigating how a passenger was …

Read More »

Tourist numbers outpace Dubai population: new study

Emirate is third-most visited city on earth, where there are more than five tourists for every local resident Image Credit: Ahmed Ramzan/Gulf News Archives For every resident, Dubai attracts more than five tourists. Dubai:  Dubai has been ranked one of the top ten destinations in the world where tourists are outnumbering …

Read More »

Facebook profit jumps 71% to $3.9b

Mobile ads a key revenue generator for social media giant that recently crossed 2b active users Image Credit: Reuters The Facebook logo. San Francisco: Facebook on Wednesday reported that its quarterly profit leapt 71 per cent from a year ago to $3.9 billion (Dh14.3 billion) as it dished out money-making …

Read More »

Central Bank freezes accounts of new terrorist outfits

Wed 26-07-2017 18:13 PM ABU DHABI, 26th July, 2017 (WAM) –The UAE Central Bank has issued a circular to all banks and other financial institutions operating in the country to start immediate search for and freezing of all bank accounts, investments, and deposits that may be held by any individual …

Read More »

Saudi Arabia raises $4.5bn in first sukuk this year

Saudi Arabia raised 17 billion riyals ($4.5 billion) from its first local Islamic bond sale this year as the biggest Arab economy seeks funds to bridge a budget deficit amid low oil prices. The government received investor offers in excess of 51 billion riyals, more than three times the deal …

Read More »