Chinese e-commerce giant Alibaba has broken its own sales record in its annual online shopping bonanza, Singles Day. This year, sales from the one-day shopping event surpassed 2014's total of $9.3 billion (AED 34.16 billion) in just over half the time. The company racked up $3.9 billion within the first hour of the event. Billed as an anti-Valentine's Day celebration, Singles Day is held annually on 11 November. Also dubbed Double Eleven, it has become a major event for retailers in China and is the biggest online shopping spectacle in the world.
Dubai Taxi Company to acquire National Taxi
Dubai Holding becomes largest shareholder of Emaar Properties
Abu Dhabi gets AED55 billion boost for 24 infrastructure projects
Abu Dhabi aims for 80% local materials in housing projects
UAE Central Bank support package reaches AED 6.2 billion
