ABU DHABI/ WAM The financial sector, a cornerstone of the UAE economic diversification drive, has surged by a remarkable 30 percent in the second quarter of this year and is expected to continue its upward trajectory with an annual growth of 13 percent in 2023, according to a senior economic official. “As we reflect on our economic journey, it is …

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued Resolution No. 11 of 2023, regarding the Internal Regulations of the Federal National Council (FNC), which included a number of amendments related to the powers of the Council’s bodies, with the aim of enabling the Council to exercise its legislative, oversight, and parliamentary diplomacy powers in …

BLOOMBERG Nissan Motor Co will significantly ramp up electric-vehicle production in the UK with a £2 billion ($2.5 billion) investment at its Sunderland site in a boon to the country’s car industry. The Japanese carmaker will set up another battery factory and produce electric versions of the popular Qashqai and Juke models at Britain’s largest carmaking hub, it said. Nissan …