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Auto stocks rise in India on prospect of lower tax

Bloomberg Automaker stocks gained in India after the government said it will look into cutting taxes on some vehicles. The overall market was little changed. A measure of automotive stocks climbed 1.5%, the most among 19 industry groups, while the benchmark S&P BSE Sensex Index was little changed as of 11:36 am in Mumbai. Hero Motocorp Ltd. led peers higher, ...

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Jafza records 24% growth in food, agricultural trade

Dubai / WAM Jebel Ali Free Zone (Jafza) recorded a total trade growth of 24 percent and an increase of 7 percent in its customer base year-on-year in 2019, reinforcing its status as a preferred destination for businesses related to food and agricultural commodities. The free zone has a dedicated food and agriculture cluster of 1.57 million square metres with ...

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New investment projects for ‘Mubadala’ approved

Abu Dhabi / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs, and Vice-Chairman of Mubadala Investment Company, chaired a meeting of the executive committee of the company’s board, where several new multi-sectoral investment projects were approved. Held via videoconferencing, the meeting reviewed the progress of work of investment and projects as well ...

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