Bloomberg Nissan Motor Co is planning to spend more than 130 billion yen ($1.2 billion) implementing new technologies that will make its global factories more efficient, less polluting and ready to produce next-generation cars such as electric vehicles. As part of its “Intelligent Factory Initiative,” Nissan has spent about 33 billion yen over the past two years installing advanced equipment ...

Bloomberg Automakers logged their weakest September sales in the UK since 1998 as the global shortage of semiconductors constrains production. Registrations plunged more than a third from a year ago to 215,312 cars, according to the Society of Motor Manufacturers and Traders. It’s a significant blow to the industry because September is typically the market’s second-busiest month of the year. ...

DUBAI / WAM The Dubai Airport Freezone Authority (Dafza) announced that its contribution to Dubai’s non-oil foreign trade for the first half of 2021 reached 11 percent. H1 trade in the free zone grew 34 percent from the same period last year to reach AED77 billion, with a trade surplus of AED6.2 billion. Imports recorded a growth of 44.5 percent ...

ABU DHABI / WAM The UAE cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued a resolution to grant federal government employees a six-day special paid leave to enable them and their families to visit Expo 2020 Dubai. The six-day leave can be used ...

Emirates Business AD Ports Group, a leading facilitator of trade and logistics, has signed a new partnership deal with Aurora50, a social enterprise focusing on achieving gender-balanced boardrooms in UAE. Through the new partnership, AD Ports Group and Aurora50 aim to create a more inclusive, integrated workplace environment with a new purpose-driven programme, Glow (Gain Leadership Opportunities for Women). The ...

DUBAI / WAM DP World’s flagship Jebel Ali Free Zone (Jafza) witnessed a robust new customer growth of nearly 40 percent year-on-year in H1 2021, taking the total number of companies in Jafza to over 8,700. Some of the industry segments in Jafza observed a significant rise in figures, with machinery and equipment witnessing an increase of 188 per cent, ...

SHARJAH / WAM Dana Gas announced that its collections for the first nine months of 2021 from the Kurdistan Region of Iraq (KRI) and Egypt have increased 102 percent year-on-year to $256 million (AED938 million) from $127 million (AED466 million) in the same period the previous year. Dana Gas, which owns a 35% interest in Pearl Petroleum, saw its share ...

Abu Dhabi / WAM Arkan Building Materials Company PJSC (Arkan), a leading construction and building materials company in the UAE, announced the legal completion of its merger with Emirates Steel Industries PJSC (Emirates Steel), a leading integrated steel manufacturer in the Middle East. The merger of Arkan and Emirates Steel (the Combined Group) creates the UAE’s largest steel and building ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has said, “We overcame the Covid-19 crisis and learned many lessons from the experience. As life in the UAE begins to return to normal, we give thanks to God.” At Qasr Al Bahr Majlis, ...

Abu Dhabi / Emirates Business AD Ports Group, a leading facilitator of trade and logistics, has signed a new partnership agreement with Aurora50, a social enterprise focusing on achieving gender-balanced boardrooms in the UAE. Through the new partnership, AD Ports Group and Aurora50 aim to create a more inclusive and integrated workplace environment with a new purpose-driven programme, Glow (Gain ...