Bloomberg Renault SA will lose out on far more car production this year than previously anticipated because of the worsening global chip shortage, another obstacle to the carmaker’s turnaround plans. The French manufacturer will make around 500,000 fewer vehicles — that’s equivalent to nearly a fifth of last year’s output — due to a lack of components, it said. Renault ...

NEW YORK / WAM In a statement to the UN Security Council’s quarterly open debate on the situation in the Middle East, including the Palestinian Question, the UAE noted recent positive developments to advance peace in the Middle East and to help resume the negotiation process and build confidence between the parties to advance the Middle East Peace Process. The ...

ABU DHABI / WAM Fertiglobe plc, a subsidiary of Adnoc and OCI, on Wednesday announced the successful completion of its initial public offering (IPO) bookbuilding process, and the final offer price of its initial public offering. Fertiglobe is the world’s largest seaborne exporter of urea and ammonia combined, the Middle East and North Africa’s largest producer of nitrogen fertilisers by ...