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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 ...

Dubai / WAM Dubai Electricity and Water Authority (DEWA) awarded contracts to design, manufacture, test and supply 1,570 cast resin distribution transformers, with capacities of 11/0.4kV, and 1,000 and 1,500 kVA equipped with low-voltage smart meters, to a number of leading specialist international institutions. This is part of DEWA’s ongoing efforts to meet various requirements to expand the electricity distribution ...

ABU DHABI / WAM The Abu Dhabi Judicial Department has opened a court and prosecution for cases related to the tourism sector at the Abu Dhabi International Airport as part of the department’s strategy to deliver high-quality judicial services and cope with the evolving tourism sector in the emirate. Yousef Saeed Al Abry, Under-Secretary of the Department, who inaugurated the ...

Dubai / Emirates Business As the halal movement gains traction, the global industry sets its sights on India’s growing demand for Shariah-compliant goods, particularly cosmetics. Home to the world’s second-largest Muslim population next to Indonesia, India does have one of the world’s most viable halal markets. The personal care sector alone has registered promising sales numbers in recent years. Of ...

Dubai / Emirates Business Reducing a building’s energy consumption and emissions by furthering technological advanc- ements in design, materials and construction techniques are vital to developing Dubai’s future buildings, according to the Head of Region at Zaha Hadid Architects (ZHA). Speaking ahead of his presentation at the Cityscape Global Conference in September, Tariq Khayyat, Head of Region – Middle East ...

SHARJAH / WAM Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, inaugurated the Ministry of Foreign Affairs and International Cooperation (MoFAIC) office in the Emirate of Sharjah. Through these new office locations, the ministry seeks to strengthen its services. The new office, located on Maliha Road in Sharjah, provides a range of services, including the certification of ...

DUBAI / WAM The Ministry of Community Development has announced that the Dubai Courts’ Volunteer Lawyers Programme for Legal Consultants ‘Shoor’ has joined its UAE Volunteer Platform (Volunteers.ae).The programme is the first of its kind in the region and opens up new volunteer opportunities for lawyers. Shoor was designed by Dubai Courts, along with law firms across the Emirate of ...

ABU DHABI / WAM The Department of Municipal Affairs and Transport at the Abu Dhabi City Municipality (ADM) has announced an initiative targeting fixed-income groups to meet their needs of residential units. At the same time, it offers an investment opportunity to commercial property developers in city. It enables individual landlords, developers and investors to construct new buildings or convert ...