British luxury brand Burberry said underlying sales fell 9% in the three months ended December as the COVID-19 pandemic closed shops and meant fewer tourists visiting its European stores.
Comparable store sales in Europe, the Middle East, India and Africa declined 37% in the quarter, the third of its financial year, but the company said it remained confident in the future, buoyed by sales growth of 11% in Asia Pacific stores.
Nakheel unveils new sustainable community beside Palm Jebel Ali
Nakheel, a member of Dubai Holding Real Estate, has unveiled Palm Springs, a 3.8 million sq m residential masterplan adjacent to Palm Jebel Ali in southern Dubai.
Dubai showcases latest innovations in electric, smart mobility
More than 300 local and international organisations are showcasing the latest developments in electric vehicles and future transport at the inaugural Dubai International Electric Vehicle Exhibition and Conference (EV World 2026).
US sues Lyft, alleges discrimination against disabled riders
The US Justice Department sued Lyft on Monday, alleging the ride-hailing ​services provider discriminated against passengers with disabilities, including those who use service animals and mobility devices such as stowable wheelchairs.
ADNOC Distribution reports $791 million net profit in first 9 months
ADNOC Distribution has reported a 37 per cent year-on-year increase in net profit to $791 million in the first nine months of 2026.
Tesla to pull the plug on Cybertruck after years of poor sales
Tesla will wind down Cybertruck production at its Texas gigafactory around mid-2027, CEO Elon Musk said on Friday, after years of persistently weak sales for a futuristic model once touted as a rival to legacy pickup trucks.
His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, led a high-level Emirati delegation at the opening of the COP31 Leaders' Summit in Antalya, Turkey.
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, UAE Deputy Prime Minister and Defence Minister, has honoured 13 winners of the inaugural 'Dubai-it Award', which celebrates exceptional achievements by individuals, projects, institutions and companies across various sectors.
Several beaches in Ras Al Khaimah have reopened to the public, with access to remaining locations set to resume in phases.
