Share trading in China has been suspended after the markets plunged more than 7%. It’s the second time this week that falling prices triggered the so-called ‘circuit breaker’ mechanism, introduced on Monday. Investors are spooked by the depreciating yuan and disappointing manufacturing data. Moves by the Chinese Central Bank are fuelling fears that the world’s second largest economy is slowing down. Brent crude prices have also hit new 11-year lows due to concerns about oversupply.
India reviewing allegations of antitrust breaches by IndiGo
India's competition regulator said on Thursday it was reviewing allegations of antitrust violations by budget airline IndiGo following recent flight disruptions that hit air travel nationwide.
DXB and DWC boost winter schedules with new routes
Dubai Airports has entered the winter travel season with one of its strongest networks in history, as Dubai International (DXB) and Dubai World Central - Al Maktoum International (DWC) welcome new airlines and expanded connectivity to meet rising seasonal travel demand.
Amazon in talks to invest in OpenAI
Amazon.com Inc is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence company at over $500 billion, a source familiar with the matter said on Tuesday.
DXB to welcome over 4.2 million guests over next two weeks
Dubai International Airport (DXB) is gearing up to accommodate a surge in travellers over the next two weeks, marking one of the busiest travel periods of the year.
UAE, India review strategic partnership during joint sessions in Abu Dhabi
The UAE and India have reviewed the progress of the Comprehensive Economic Partnership Agreement (CEPA) between the two countries that aim to advance bilateral trade towards a shared goal of $100 billion.
Due to unstable weather conditions, Dubai Municipality has announced the closure of public beaches and parks across the emirate on Thursday, December 18, and Friday, December 19, to ensure public safety.
Dubai has declared remote working for all government entities on Friday, December 19, due to the unstable weather forecast across the country, with the private sector urged to do the same.
Dubai Police say they are fully prepared to respond to any emergencies amid unstable weather conditions, with land and marine rescue teams deployed across the emirate.
