Bloomberg Mercedes-Benz, which has fixated for years on leading the auto industry in luxury-vehicle sales, will put less emphasis on volume and restructure its operations to be more profitable in the midst of a costly shift to electric cars. Daimler AG’s main division will aim for a return on sales in the mid to high single-digit range by 2025, even ...

TEL AVIV / WAM The UAE’s General Civil Aviation Authority (GCAA) signed an air transport services agreement with the Civil Aviation Authority of Israel, to strengthen the bilateral air transport relations between the two countries. Abdulla bin Touq Al Marri, UAE Minister of Economy and Chairman of the Board of Directors of GCAA, and Israel Katz, Minister of Transport of ...

Abu Dhabi / Emirates Business Etisalat group on Wednesday announced its consolidated financial statement for the third quarter of this year ending on September 30. The company reports six per cent increase in profit to AED2.4 billion in third quarter and said its group’s revenue stood at AED13 billion during period with 149 million subscribers. In the third quarter, consolidated ...