Bloomberg BMW AG is doubling its investment at its Hungarian factory to $2.1 billion, adding a high-voltage battery assembly facility that will create more than 500 jobs. Locating the battery assembly at the Debrecen plant will help BMW streamline logistics for production of its next generation electric cars that will use the ‘Neue Klasse’ underpinnings, the carmaker said. Output ...

  Bloomberg Mercedes-Benz Group AG cut prices on two electric car models in China by as much as $33,000, as heated competition in the world’s biggest EV market impacts sales. The luxury automaker said in a statement that it was reducing prices on certain models from its EQ range, and that it would provide subsidies to customers who recently bought ...

QUETTA / WAM Pakistan’s Army Chief of Staff General Qamar Javed Bajwa opened the Sheikh Mohamed bin Zayed Al Nahyan Institute of Cardiology, which was implemented in the city of Quetta, the capital of Balochistan province. The building is constructed on an area of 121,406 square metres, and at a cost of $27.30 million funded by the Abu Dhabi Fund ...

Dubai / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to the newly sworn-in Malaysian Prime Minister Anwar Ibrahim. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, dispatched a similar message of congratulations to the Malaysian PM.

  Dhaka WAM The UAE participated in the Indian Ocean Rim Association’s (IORA) 22nd Council of Ministers (COM) meeting and the 24th Committee of Senior Officials (CSO) meeting held in Dhaka, the People’s Republic of Bangladesh. The UAE delegation was led by Ahmed Ali Al Sayegh, Minister of State, and included Dr Abdulnasser Al Shaali, UAE ambassador to India, and ...

  Dubai / WAM A total of 2,867 real estate transactions worth over AED15 billion were conducted during the week ending November 25, according to figures released by the Dubai Land Department (DLD). The DLD report revealed that Dubai saw the sale of 313 plots for AED1.57 billion, as well as 1,936 apartments and villas for AED4.48 billion. Al Hebiah ...

Abu Dhabi / WAM The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) announced the launch of the first permanent livestock auction market in Abu Dhabi, located next to Al Wathba Slaughterhouse, to help breeders market their animals, develop the livestock sector, and promote self-sufficiency. Launching the auction came under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, ...

Abu Dhabi / WAM AD Ports group has signed a contract with China Harbour Engineering Company (CHEC) for the development of buildings and topside infrastructure for the cutting-edge CMA Terminals Khalifa Port, a joint venture owned by CMA CGM’s subsidiary CMA Terminals (with a 70 percent stake) and AD Ports group (30 percent stake). The agreement includes the development of ...

Abu Dhabi / WAM In its ongoing efforts to enhance the innovation ecosystem in the emirate, the Competitiveness Office of Abu Dhabi (Coad), part of the Abu Dhabi Department of Economic Development (Added), has partnered with Prototype Interactive, a UAE-based digital transformation firm, to support inventors in developing their ideas into innovative digital and technological applications that will contribute positively ...

QUETTA / WAM Pakistan’s Army Chief of Staff General Qamar Javed Bajwa opened the Sheikh Mohamed bin Zayed Al Nahyan Institute of Cardiology, which was implemented in the city of Quetta, the capital of Balochistan province. The building is constructed on an area of 121,406 square metres, and at a cost of $27.30 million funded by the Abu Dhabi Fund ...