Business News

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Airbnb, the short-term rental service app, has recorded a staggering growth in Dubai since its launch in 2015. A report by Chestertons MENA showed that it recorded a 421 percent rise in revenues. It highlighted the growth in popularity of the online platform, which allows homeowners to rent out rooms or entire properties to holidaymakers, has […]

du customers can now get an exclusive subscription for free to OSN’s new video-based entertainment application. The announcement was made during GITEX Technology Week in Dubai.  Martin Stewart, CEO of OSN, explains what WAVO is all about. Listen

The UAE economy will rebound next year, according to the latest report from the International Monetary Fund. It says the UAE will grow at 3.4 per cent next year – up from 1.7 per cent this year. The IMF says rising oil production by Abu Dhabi will be the main boost for the domestic economy.

Emirates Digital Wallet LLC has annoucned that ‘Klip’, a new app that will help residents replace physical cash, will be launched by the end of this year. The platform, which was established by 16 of the UAE’s banks, will pave the way for cashless spending, transfer and storage of money. It will also enable residents […]

India wants to bring in foreign investment of about US$300 billion into its energy sector over the next ten years. The country is striving to reduce oil imports. Our India correspondent Rebecca Bundhun reports

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