Once upon a time, the battle for the crown of world’s biggest automaker was a one-horse race. Since overtaking Ford Motor Co.’s sales in 1931—not that long after the last Model T rolled off the production line—General Motors Co. was the undisputed global market leader for the best part of eight decades. In 2008, Toyota Motor Corp. pulled ahead, before …

DUBAI / Reuters Saudi Arabia’s stock market edged up on the back of modest gains in the banking sector on Sunday while Egypt imitated world markets’ strong finish at the end of last week. Most other Middle Eastern bourses fell. The Riyadh index added 0.1 percent, remaining near a six-week low, as Samba Financial Group jumped 3.4 percent after its …

ABU DHABI / WAM A report by the Industrial Development Bureau (IDB) has revealed that 16 industrial facilities entered production in the Emirate of Abu Dhabi during the first half of 2017, an increase of 100 percent compared to the same period last year, with a total investment value of over AED3.8 billion. The biannual report of the Abu Dhabi …