Business News

Athleisure clothing chain Lorna Jane Pty Ltd was fined A$5 million ($3.7 million) by an Australian court on Friday after claiming its garments could prevent COVID-19, which a judge labelled as "exploitative, predatory and potentially dangerous".

Shares of food delivery firm Zomato Ltd nearly doubled on Friday in a stellar first listing of a local unicorn in India, setting the pace for a slew of such debuts by internet-based startups that are thriving during the COVID-19 pandemic.

Emirates airline's first flight to Miami took off on Thursday morning, marking the airline’s first new destination since the outbreak of COVID-19.

The S&P 500 and the Dow indexes fell on Thursday after data showed weekly jobless claims hit a two-month high.

A panoramic jet ski tour of Dubai has been recognised as the world’s best tourism experience for 2021.

Two American citizens were convicted at a Tokyo district court for aiding in the former Nissan chairman's escape from Japan.

Abu Dhabi has waived off housing loans of 803 citizens, totalling AED 1.1 billion.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has issued Law No. (13) of 2021 establishing the Dubai Academic Health Corporation, and Law No. (14) of 2021 amending some clauses of Law No. (6) of 2018 pertaining to the Dubai Health Authority (DHA).

Al Ain International Airport (AAN) has welcomed new flights linking the UAE and Cairo.

Alphabet Inc's Google is ramping up cloud infrastructure in India with a second cluster of data centres in and around capital New Delhi to meet increasing customer demands in a key growth market, senior company executives said.

The Armenian National Interests Fund (ANIF) and Air Arabia have signed an agreement to launch Armenia’s new national airline.

Facebook will invest over $1 billion to support content creators through the end of 2022, the social media giant said Wednesday.

The UAE's National Programme for Coders has announced the participation of eight local universities to empower 20,000 students with coding skills.

Tax violations amounting to AED 71.48 million was uncovered by Federal Tax Authority (FTA) in local markets across the UAE.

The UAE has established its first coders club as part of efforts to support and attract the world's best coders.

E-commerce sites have reportedly seen a 98 per cent increase in the use of digital payments and a 75 per cent drop in cash on delivery.

The Abu Dhabi National Oil Company (ADNOC) announced that it has joined the Hydrogen Council.

The UAE Central Bank (CBUAE) plans to introduce a digital currency as part of its 2023-2026 strategy.

More flight options are opening up for travellers heading to Europe.

Emirates Airline has extended the suspension of passenger flights from India, Pakistan, Bangladesh and Sri Lanka until July 21.

An arbitral tribunal of the London Court of International Arbitration (LCIA) has ruled against Djibouti’s port company in its dispute with DP World.

E-commerce giant Amazon.com Inc's online store was grappling with widespread outages on Sunday night, according to outage monitoring website Downdetector, the second broad disruption to services since late June.

The 'Sharaka' platform, commissioned to support the private sector in matters of undisputed payments from the public sector, has been permanently established with a long-term goal.

Dubai’s business environment is expected to see positive momentum in the third quarter of this year.

Etihad Airways has launched seasonal flights to two new destinations.

The UAE has teamed up with tech giants like Google and Facebook to create a plan to "train and attract" 100,000 digital programmers over the next five years.

Etihad Airways on Thursday operated its inaugural flight EY175 to the Greek island of Mykonos.

A newly launched entity in Abu Dhabi will offer guidance on relocating to the emirate and securing long-term residency.

Emirates Airline is set to restart passenger services to Mauritius as the island-nation gradually re-opens its borders to international tourists.

Dubai's Global Village will reopen its gates to the world on October 26.

The second quarter of 2021 saw consumer optimism in Dubai rising to its highest level since 2011.

DMCC welcomed 1,230 new companies in the first half of 2021, the best six-month performance since 2013.

RewirEd, the first of its kind global platform that seeks to reimagine the future of education, is set to host its flagship global education summit at Expo 2020 Dubai.

The Ministry of Energy and Infrastructure has affirmed the UAE's commitment to OPEC and OPEC+ agreements.

Passenger flights from Pakistan, Bangladesh and Sri Lanka to Dubai will remain suspended until July 15.

Apple on Tuesday launched the iPhone 12 with faster 5G connectivity, which the company hopes will spur a wave of upgrades and keep its sales booming through the end of the year.