Tuesday, September 26, 2017

Business News

London Mayor defends decision not to grant Uber new licence

London Mayor and chairman of Transport for London, Sadiq Khan, had defended a decision not to renew hail-and-ride app Uber’s licence in the capital. Uber says it has followed Transport For London’s (TFL) rules correctly and will challenge the decision. Our UK Correspondent Natalie Powell reports

Read More »

Two new markets for second-hand goods in Dubai

Dubai is set to get two new markets dealing in building materials’ scrap as well as used furniture and utensils. Construction work has been completed on the buildings in Al Warsan and Nad Al Sheba 3, and the opening dates will soon be announced by Dubai Municipality. The projects, worth ...

Read More »

Dubai hotels see occupancy, rates decline in August

Dubai hotels saw both room rates and occupancy levels fall in August, according to new data from research firm STR. Revenue Per Available Room – a key industry benchmark – was down 14 per cent from August last year. Analysts say that while demand for Dubai hotels has increased by ...

Read More »

Apple shares drop after reports of sluggish iPhone 8 launch

Shares of Apple fell 5 per cent last week – their biggest weekly drop in 17 months – amid reports of lukewarm demand for the new iPhone 8. Closely-watched Apple analyst Jun Zhang says demand in the US and China is “substantially lower” than for last year’s iPhone 7. Reports suggest a ...

Read More »