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Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Crude oil futures fall on global cues

The oil contracts for delivery in July fell by Rs 133, or 3.04 per cent, to Rs 4,243 per barrel in a business volume of...

6 May 2019 3:43 PM IST

A senior Indian Navy officer on Friday appealed the private sector to adopt a long-term outlook to build products in the public-private partnership for the defence sector in the country. (Representational image)

US sends war fleet to middle east in 'clear message' to Iran

US is sending an aircraft carrier strike group and a bomber task force to the Middle East in a 'clear and unmistakable'...

6 May 2019 11:32 AM IST

The US presidents message came in the wake of the most serious escalation since the 2014 war. (Photo:AP)

Donald Trump says US '100 per cent' backs Israel over Gaza upsurge

Donald Trump assured Israel that it has Washington's full support after the Jewish state led waves of retaliatory...

6 May 2019 11:16 AM IST

US President Donald Trump has decided to end waivers on Iranian oil. (Photo:AP)

Trump keeps pressure on China in do or die trade talks

US President Donald Trump that the United States will raise tariffs on USD 200 billion of Chinese goods -- a blunt...

6 May 2019 10:50 AM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee slips 24 paise to 69.46 vs USD in early trade

The rupee opened weak at 69.38 at the interbank forex market and then fell further to 69.46, down 24 paise over its last...

6 May 2019 9:59 AM IST

US President Donald Trump speaks about a state of emergency from the Rose Garden of the White House in Washington, DC.

Trump vows tariff hike on Chinese goods, escalating tension in trade...

Stock markets sank and oil prices tumbled as negotiations were thrown into doubt.

6 May 2019 9:25 AM IST

China, throttled by export barriers to the US, might diversify the structure of its exports, using overseas production and export units in countries with trade ties to the US. India could be one such location.

Asian markets plunge as Trump threatens to hike China tariffs

"Despite US-China trade talks hitting impasse based on tweet, I think a deal will be signed shortly," said Stephen...

6 May 2019 8:56 AM IST

Agents seized files relating to Cohens work, which included making a USD 130,000 payment before the 2016 election to an adult film actress who says she had a tryst with the Trump. (Photo: AP)

Trump's former lawyer heads to US prison that offers matzo ball soup,...

Cohen is due to report to Federal Correctional Institute in Otisville, New York on Monday.

6 May 2019 8:12 AM IST

North Korean leader Kim Jong Un. (Photo: AP)

North Korea denounces South Korea - US military exercise

US and South Korea had conducted week-long exercises last month involving Terminal High Altitude Area Defense (THAAD)...

5 May 2019 6:13 PM IST

Kim was also evaluating the combat performance of arms and equipment according to KCNA. (Photo:AP)

Multiple rocket launchers tested by North Korea to evaluate 'combat...

North Korea said it had tested long-range multiple rocket launchers and tactical guided weapons.

5 May 2019 9:01 AM IST

The platform will invest in opportunities in the ports sector, and beyond sea ports into areas such as river ports and transportation, freight corridors, port-led special economic zones, inland container terminals, and logistics infrastructure including cold storage.

US lawmakers urge Trump administration to not end India's trade...

Generalized System of Preferences allows US preferential duty-free imports of up to USD 5.6 billion from India.

4 May 2019 11:04 AM IST

The platform will invest in opportunities in the ports sector, and beyond sea ports into areas such as river ports and transportation, freight corridors, port-led special economic zones, inland container terminals, and logistics infrastructure including cold storage.

India extends retaliatory tariff deadline on 29 US products till May...

This extension comes with US decision to withdraw export incentives being provided to Indian exporters under GSP...

3 May 2019 5:27 PM IST