DUBAI / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Silicon Oasis Authority (DSOA), on Monday laid the foundation stone for the W Motors Automotive Facility at the Dubai Silicon Oasis, the first manufacturing facility of its kind in the Middle East, with an investment of AED370 million. The groundbreaking event was also attended by ...

Abu Dhabi / WAM The automotive trade index in Abu Dhabi has maintained its positive momentum achieving 5 percent growth during the first ten months of 2019, compared to the same period in 2018. According to statistics in a report issued by the Statistics Centre-Abu Dhabi, local car sales jumped in value to AED28.66 billion from January to the end ...

Bloomberg India’s consumer price inflation hit a more than five-year high, boosting the case for the central bank to keep interest rates on hold for longer and possibly putting at risk its accommodative stance. Data on Monday showed inflation breached the upper end of the Reserve Bank of India’s (RBI) 2%-6% target band as it accelerated to 7.35% in December ...